HIVE Digital Technologies Targets 35 EH/s in 2026 with Newly Signed 100 MW Hydroelectric Expansion in Paraguay and a 5x Growth in HPC and AI Operations Through Strategic Partnerships with Bell Canada

Core Viewpoint - HIVE Digital Technologies aims to achieve a Bitcoin mining capacity of 35 EH/s by 2026 through a new 100 MW hydroelectric expansion in Paraguay and a fivefold increase in its high-performance computing (HPC) and AI operations via strategic partnerships with Bell Canada [1][3][6] Strategic Expansion in Paraguay - HIVE has signed an agreement to develop a 100 MW hydroelectric-powered data center at its Yguazú site in Paraguay, increasing its total renewable capacity in the country to 400 MW [2][3] - This Phase 3 expansion follows the successful completion of Phases 1 and 2, which brought the Yguazú facility to a designed capacity of 300 MW [4] - Construction for Phase 3 is set to begin in early 2026, with full commissioning targeted for Q3 2026, resulting in a total renewable infrastructure footprint of 540 MW across Paraguay, Canada, and Sweden [5] Operational Growth and Strategic Partnerships - HIVE's Bitcoin mining capacity has increased from 6 EH/s at the beginning of the year to nearly 22 EH/s, with a target of reaching 25 EH/s by year-end [6] - The company expects to achieve a fivefold growth in its HPC capacity in 2026, supported by its partnership with Bell Canada, which integrates HIVE's AI infrastructure with Bell's national fiber network [7][9] - HIVE's dual business model focuses on Tier 1 Bitcoin mining for cash flow and network share, alongside Tier 3 HPC and AI operations for diversified growth [6][7] Future Outlook - In 2026, HIVE plans to continue scaling both its Tier 1 Bitcoin and Tier 3 HPC divisions, leveraging its renewable energy assets and strategic partnerships [8][9] - The company positions itself as a leader in sustainable digital infrastructure, combining blockchain and AI technologies [9][10]