Hive Digital Technologies Ltd. has achieved a new milestone, surpassing 22 exahash per second (EH/s) in bitcoin-mining capacity while fast-tracking its artificial intelligence (AI) Cloud expansion through a Tier-3 data center conversion in Sweden.
Hive Digital Advances Toward 25 EH/s
Hive Digital Technologies Ltd. (TSX.V: HIVE | Nasdaq: HIVE | FSE: YO0) announced Monday that it has exceeded 22 EH/s in global bitcoin-mining power—marking a 267% year-to-date increase—as it aims to strengthen its position as a leader in sustainable digital infrastructure.
On Monday, the company said its third 100-megawatt hydro-powered campus in Paraguay played a key role in reaching this milestone. The facility draws renewable energy from the Itaipu Dam, one of the world’s largest hydroelectric sources, and currently produces about 9.5 BTC per day with a fleet efficiency of 17.8 joules per terahash (J/TH).
Hive maintains a 55% mining margin after electricity costs, showcasing strong operational efficiency. The firm expects to reach 25 EH/s by U.S. Thanksgiving while targeting fleet efficiency of 17.5 J/TH.
At the same time, Hive is accelerating its AI Cloud initiative in Sweden, converting its Boden site from a Tier-1 to Tier-3 high-performance computing (HPC) facility. The upgraded data center will host 2,000 Nvidia GPUs for enterprise-grade AI workloads across the European Union.
The company said this retrofit model allows cash flow generation in roughly nine months, compared with three years for a new build. Executive chairman Frank Holmes said the milestone reflects the company’s “dual-engine” model that powers growth across Bitcoin and AI. CEO Aydin Kilic added that reusing infrastructure allows Hive to scale efficiently “all powered by renewable energy.”
Hive’s BUZZ division in Toronto will host another 2,000 GPUs in 2026, supported by a colocation partnership with Bell Canada. Across its sites, Hive expects to operate approximately 6,000 GPUs by 2026 to support AI training and inference workloads.
Founded in 2017, Hive Digital is the first publicly traded company to mine digital assets exclusively with green energy, now merging blockchain infrastructure with the accelerating AI super cycle.
FAQ
- What is Hive Digital Technologies’ current Bitcoin-mining capacity?Hive has surpassed 22 EH/s in global Bitcoin-mining capacity.
- Where is Hive expanding its AI Cloud operations?The company is converting its Boden, Sweden site into a Tier-3 HPC facility.
- How many GPUs will Hive deploy for AI workloads?Hive will deploy 2,000 NVIDIA GPUs in Sweden and another 2,000 in Toronto by 2026.
- What is Hive’s near-term mining target?The company aims to reach 25 EH/s by U.S. Thanksgiving.
