HIVE Digital Technologies Completes Phase 2 of Its Yguazú Project in Paraguay Reaching 18 EH/s, Producing 8 Bitcoin per Day from Hydroelectric Power

Core Insights - HIVE Digital Technologies Ltd. has completed Phase 2 of its Yguazú project ahead of schedule, achieving a global Bitcoin mining capacity of over 18 Exahash per second (EH/s) [3][4] - The company is currently mining over 8.5 Bitcoin per day, utilizing renewable hydroelectric energy from the Itaipú Dam in Paraguay [3][4] - HIVE's dual business model includes Bitcoin mining and AI cloud computing, positioning the company for growth in both sectors [5][13] Company Operations - The Yguazú site now operates with 200 megawatts (MW) of hydroelectric power, contributing to a global fleet efficiency of approximately 18.5 Joules per Terahash (J/TH) [4] - HIVE anticipates that upon completion of the Valenzuela site, it will reach a total capacity of 25 EH/s, with projected daily Bitcoin production of approximately 12 BTC [8] - The company has successfully managed the installation of ASICs and is on track for further expansion, with all necessary capital expenditures already made [9][11] Future Projections - HIVE expects to maintain consistent growth aligned with the established economics of its Paraguay operations, with each incremental exahash increasing daily production and revenue potential [12] - The company has a predictable cost structure due to fixed-rate hydroelectric power and minimal incremental labor costs [12] - Management emphasizes the importance of operational excellence and creating lasting value for shareholders through disciplined growth [5][13]