HIVE Digital hits 23 EH/s as it expands AI HPC data centers

Core Insights - HIVE Digital Technologies Ltd. has achieved a global Bitcoin mining capacity of over 23 exahash per second (EH/s), reflecting a 283% year-to-date growth in hashrate capacity [1] Expansion Plans - The company has acquired 32.5 acres in Grand Falls, New Brunswick, to establish a Tier III+ high-performance computing (HPC) data center that will host more than 25,000 next-generation GPUs, utilizing renewable hydroelectric energy [2] - HIVE's Valenzuela facility in Paraguay has completed the deployment of all ASICs and hydro-cooling containers across a 100 MW campus, with expectations to reach 25 EH/s by late November [4] - The Boden facility in Sweden is being converted into a liquid-cooled Tier III+ HPC hub with a capacity for 2,000 GPUs, while a Toronto expansion will add another 4,000 GPUs by 2026, potentially bringing the total to approximately 36,000 GPUs across the network [5] Strategic Advantages - HIVE is leveraging its experience in Bitcoin mining to build energy-efficient data centers, with plans to support over 30,000 GPUs for AI cloud workloads through its HPC subsidiary, BUZZ HPC [3] - The company is adopting a dual-engine model, generating cash flow from Bitcoin mining while expanding green HPC operations in Canada and Paraguay [4] Performance Metrics - In September, HIVE reached a record 21 EH/s in global Bitcoin mining capacity, producing 267 BTC, which represents an 8% month-over-month and 138% year-over-year increase [6] - HIVE is committed to renewable-powered operations, with a recent announcement of a 100 megawatt hydroelectric expansion in Paraguay, aiming for a target of 35 EH/s by 2026 [6]