HIVE Digital (HIVE) Technologies announces that following the acquisition of Bitfarms’ Yguazu assets in Paraguay and the completion of the first 100 MW phase, while construction advances at HIVE’s Valenzuela site, the Company is rapidly accelerating operations. HIVE has now surpassed 7 Exahash per second of global Bitcoin mining hashrate, representing a 10% month-over-month increase of peak hashrate, with further growth expected every few weeks as new ASIC miners are deployed. HIVE reports a total Bitcoin mining hashrate of 7.3 EH/s, driven by the energization of its first 100 MW hydro-powered facility in Paraguay. Leveraging both the acquired Bitfarms’ infrastructure and HIVE’s proprietary buildout, the Company is adding approximately 1 EH/s of additional capacity per month, and expects to accelerate this pace to 1 EH/s every two weeks as new hardware arrives. HIVE remains on track to achieve its Phase 1 target of 11.5 EH/s by the end of June 2025.
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