RETRANSMISSION: HIVE Digital Technologies Surpasses 13 EH/s as Scalable Growth and Revenue Expansion Accelerate in Paraguay and Reaches $300 Million ARR

Core Insights - HIVE Digital Technologies has surpassed 13 EH/s in Bitcoin mining hashrate, achieving over 6.5 Bitcoin mined daily, driven by the deployment of next-generation hydro-cooled facilities in Paraguay [2][3] - The company has reached an annualized run-rate revenue (ARR) of $300 million from its Bitcoin mining and HPC operations, with profit margins around 55% [9][10] - HIVE aims to reach 18 EH/s by the end of August 2025, with a fully-funded roadmap to expand to 25 EH/s by U.S. Thanksgiving 2025 [11] Company Growth and Expansion - The buildout of Phase 2 at the Yguazú campus is progressing, with over 2 EH/s of new Bitmain S21+ Hydro ASIC miners currently active [3][5] - Upon full deployment, Phase 2 is expected to host approximately 6.5 EH/s, contributing to the company's goal of 18 EH/s [3][6] - HIVE's global ASIC fleet efficiency is projected to improve from approximately 20 J/TH to 18.5 J/TH upon completion of Phase 2 [7][8] Financial Performance - HIVE has achieved an ARR of $300 million, with expectations to reach approximately $400 million upon achieving 18 EH/s [9][10] - At 18 EH/s, the company anticipates mining margins near 60% after electrical costs, based on current hash prices [11] - The company estimates an ARR of $550 million at 25 EH/s, with mining margins also projected to be around 60% [11] Strategic Positioning - HIVE emphasizes its commitment to building high-quality, sustainable data center infrastructure powered by renewable energy [12] - The company is positioned as a highly efficient Bitcoin miner and AI/HPC infrastructure provider, leveraging engineering expertise and a renewable energy strategy [10][12] - HIVE's operations in Paraguay are noted for their discipline and industry-leading performance in Bitcoin mining [10]