HIVE Digital Technologies .(US:HIVE) Newsfileยท2025-10-27 10:00Core Insights - HIVE Digital Technologies has surpassed 22 EH/s in Bitcoin-mining capacity, achieving a 267% year-to-date growth while transitioning Tier-1 data centers to Tier-3 HPC facilities for AI Cloud expansion in Sweden [2][3][10] Group 1: Mining Capacity and Efficiency - The company has reached a production level of 9.5 Bitcoin per day with a fleet efficiency of approximately 17.8 J/TH and a mining margin of 55% after electricity costs at a $47 Hashprice, showcasing operational efficiency across multiple countries [4][5] - HIVE anticipates reaching 25 EH/s by U.S. Thanksgiving, with a targeted fleet efficiency of 17.5 J/TH, indicating that growth in EH/s is significant for revenue and cash flow expansion [5][11] Group 2: AI Cloud Expansion - HIVE is converting a Tier-1 data center in Boden, Sweden, into a Tier-3 liquid-cooled HPC facility, which is expected to accelerate cash flow generation compared to traditional greenfield builds [6][7] - The upgraded facility will support 2,000 NVIDIA GPUs for enterprise-grade AI workloads, building on two years of AI operations in Stockholm [7][9] Group 3: Strategic Growth and Infrastructure - HIVE has secured power and land at three strategic locations for next-generation renewable-powered HPC operations, including the BUZZ data center in Toronto, which will host an additional 2,000 GPUs in 2026 [8] - The company aims to operate approximately 6,000 GPUs by 2026, catering to both AI training and inference workloads [9] Group 4: Executive Commentary and Future Outlook - HIVE's leadership emphasizes the importance of repurposing existing infrastructure for faster cash flow generation and the dual-engine strategy of growing both Bitcoin mining and AI Cloud services powered by renewable energy [10][11] - The company has fully funded and delivered all hardware for its Paraguay expansion, with a target of 25 EH/s by late 2025 and 35 EH/s during 2026, while scaling its HPC division five-fold [11]