HIVE Digital Technologies Celebrates Record 9.5 EH/s Milestone, Driving Shareholder Value on Path to 25 EH/s by 2025
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025 to its short form base shelf prospectus dated September 11, 2024.
San Antonio, Texas--(Newsfile Corp. - May 22, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure, proudly announces a new all-time high of 9.5 Exahash per second (EH/s) in Bitcoin mining hashrate. This achievement positions HIVE above 1% of the global Bitcoin network and marks a pivotal milestone in a transformative journey dedicated to delivering long-term value for shareholders while advancing toward an ambitious 25 EH/s goal by the end of 2025.
A Journey of Milestones for Shareholders
HIVE's ascent to 9.5 EH/s reflects a series of strategic victories that underscore its commitment to growth and sustainability. From energizing its first 100 MW hydro-powered data center in Yguazú, Paraguay, to surpassing 1% of the global Bitcoin network's hashrate, HIVE's team has exceeded expectations. This milestone translates to mining over 4.5 Bitcoin daily, capturing a meaningful share of the network's rewards and reinforcing HIVE's position as a top-tier player in the blockchain ecosystem.
The Company's progress is driven by a clear vision: to scale responsibly while maximizing shareholder returns. By leveraging 100% renewable energy and state-of-the-art technology, HIVE is building a foundation for sustained growth. The recent acceleration in hashrate, adding roughly 1 EH/s weekly, surpassing earlier projections, demonstrates the team's operational excellence and dedication to delivering results.
Building Momentum for the Future
Achievable, value-driven milestones mark HIVE's roadmap. By June 2025, the Company expects to reach 11.5 EH/s, completing the first phase of its expansion with enhanced energy efficiency. This progress is fueled by ongoing deployments at the Yguazú facility, where new Bitcoin mining equipment is being installed to boost capacity.
Looking ahead, HIVE is preparing to launch a second 100 MW facility in Yguazú by summer 2025, targeting 18 EH/s and aiming to capture 2% of the global network. The journey will culminate with a third 100 MW campus in Valenzuela, Paraguay, set to drive HIVE to its 25 EH/s target by Q4 2025. Each step forward strengthens HIVE's competitive edge, ensuring greater efficiency and profitability for shareholders.