Hive Digital Technologies grows Bitcoin mining capacity with Paraguay expansion

Company Milestones - HIVE Digital Technologies has achieved a significant milestone by reaching 10 Exahash (EH/s) in Bitcoin mining capacity, with plans to increase this to 18 EH/s by August or September [1][5] - The rapid growth was facilitated by the acquisition of partially completed Bitfarms facilities in Paraguay, which allowed for accelerated progress beyond initial expectations [1][5] Financial Performance - The high-performance computing subsidiary, Hive HPC, has reached a $20 million annual run rate, with expectations to grow to$50 million by year-end [2][6] - Craig Tavares, the new president of Hive HPC, has been credited with driving this growth while maintaining operational focus on Paraguay [2][6] Industry Context - The achievement of 10 Exahash is compared to milestones in the gold mining sector, indicating that surpassing this threshold enhances the company's attractiveness to institutional investors [4] - The company is leveraging cheaper energy costs in Paraguay to improve profitability, as surplus miners that were unprofitable in Canada are now being utilized effectively [5] Infrastructure and Future Growth - Both Bitcoin mining and high-performance computing operations require significant infrastructure, with the latter being more costly [8] - The growth of AI and the need for sovereign data centers are highlighted as key trends that will influence the future of data management and computing [10]