HIVE Digital Technologies .(US:HIVE) Newsfileยท2025-09-24 10:00Core Viewpoint - HIVE Digital Technologies has achieved a significant milestone by surpassing 20 EH/s in global Bitcoin mining capacity, representing approximately 2% of the Bitcoin network, and is currently mining 9 BTC daily with a mining margin of 55% after electricity costs [3][4][12]. Company Performance - HIVE's Phase 3 facility in Paraguay has successfully deployed ASICs, contributing to a year-to-date hashrate increase of approximately 233% [4]. - The company anticipates reaching daily Bitcoin production of approximately 12 BTC upon completion of Phase 3, with an expected efficiency of around 17.5 J/TH [6]. - HIVE's global fleet efficiency stands at 18 J/TH, with a mining margin of 55% after accounting for electricity costs [4][12]. Operational Developments - The construction of Phase 3 is substantially complete, with installations ahead of schedule, achieving a target of 20 EH/s [5]. - HIVE aims to reach 25 EH/s by U.S. Thanksgiving, indicating strong operational momentum [5][12]. Commitment to Sustainability - HIVE's mining operations are powered by renewable hydroelectric energy from the Itaipu Dam, reinforcing its commitment to sustainable Bitcoin mining [4][17]. - The company is dedicated to impact investing in community education, particularly in Paraguay, where it supports local educational initiatives [9][10]. Management Insights - Frank Holmes, Co-Founder and Executive Chairman, expressed pride in the team's resilience and commitment to scaling operations ahead of schedule [8]. - Aydin Kilic, President and CEO, highlighted the significance of reaching 20 EH/s as a validation of the company's disciplined growth strategy and operational excellence [12].