HIVE Digital surpasses 22 EH/s, expands AI cloud operations with Tier-3 data center in Sweden

Proactive - Interviews for investors

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to announce a major milestone for the company — surpassing 22 Exahash per second in global Bitcoin-mining capacity, representing an impressive 267% growth year-to-date. Alongside this achievement, HIVE is accelerating the transformation of its Tier-1 data centers into Tier-3, high-performance computing (HPC) facilities, expanding its AI Cloud footprint across Sweden and the broader EU. Holmes explained that HIVE’s 22 EH/s benchmark underscores the company’s strategic expansion at its hydro-powered Valenzuela facility in Paraguay, its third 100-megawatt green energy campus in the region. Powered by renewable hydroelectricity from the Itaipu Dam, one of the world’s largest energy sources, the facility supports HIVE’s commitment to sustainable, carbon-efficient operations. Currently, the company is producing 9.5 Bitcoin per day with fleet efficiency of approximately 17.8 Joules per Terahash (J/TH) and a 55% mining margin after electricity costs based on a $47 Hashprice — strong metrics that highlight HIVE’s ability to maintain profitability across multiple jurisdictions and nine time zones. With additional ASIC miners scheduled to go live, the company expects to reach 25 EH/s by U.S. Thanksgiving, improving fleet efficiency to 17.5 J/TH. In parallel, HIVE is expanding into AI-driven cloud computing with the conversion of its Boden, Sweden, data center into a Tier-3, liquid-cooled HPC facility. Holmes noted that this retrofit approach offers a faster path to revenue generation — roughly nine months versus three years for a greenfield build. Engineering and design are already finalized, and construction begins this quarter. Once completed, the upgraded facility will support 2,000 NVIDIA GPUs for enterprise-grade AI and GPU cloud workloads across the European Union. This expansion builds on HIVE’s two years of operational experience in AI computing from its downtown Stockholm facility, which has validated growing demand for green, low-latency computing solutions in Northern Europe. Holmes emphasized that HIVE’s twin focus on Bitcoin mining efficiency and AI infrastructure expansion positions the company at the forefront of digital transformation powered by renewable energy — bridging blockchain and artificial intelligence in a scalable, sustainable model. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #CryptoMining #GreenEnergy #BuzzHPC #AIInfrastructure #NvidiaH200 #QuebecDataCenter #SustainableTech #GPUCluster #TorontoTech #AITraining #HiveDigital #LiquidCooling #Supercomputing #GreenEnergyAI #Exahash #HighPerformanceComputing