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HIVE Digital Technologies Announces Energization and Commencement of Operations at Yguazú Site and March 2025 Production Results
This news release constitutes a "designated news release" for the purposes of the Company's prosp...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"HIVE Digital Technologies Announces Energization and Commencement of Operations at Yguazú Site and March 2025 Production ResultsThis news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - April 7, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the \"Company\" or \"HIVE\"), a global leader in sustainable digital infrastructure, is pleased to announce its unaudited production results for March 2025 and to share a key milestone: the commencement of mining operations at its hydro-powered 200 megawatt (MW) site in Yguazú, Paraguay (all amounts in US dollars, unless otherwise indicated).Key Highlights for March 2025Bitcoin Production: HIVE mined 108 Bitcoin during the month, increasing its HODL balance to 2,201 BTC as of March 31, 2025, valued at approximately $180 million based on a BTC price of $82,000.Strategic Capital Deployment: Year-over-year BTC holdings temporarily decreased by 4% as the Company prudently reinvested Bitcoin proceeds into long-term capital assets, including its new green-powered infrastructure in Paraguay.Mining Efficiency: HIVE operated at an average hashrate of 6.3 Exahash per second (EH/s), with a fleet efficiency of 20.7 joules per terahash. The Company achieved peak BTC-only hashrate of 6.2 EH/s and a BTC-equivalent hashrate of 6.4 EH/s.Daily Production Rate: HIVE produced an average of 3.5 BTC per day, or 17.6 BTC per Exahash.Operations Commence in ParaguayHIVE has officially energized Phase 1 of its 200 MW site in Yguazú, Paraguay, and is now mining Bitcoin at an initial production rate of 100 Petahash. The site is expected to scale steadily in the weeks ahead, with additional mining capacity set to be deployed in phases over the coming months.Photograph: Installed ASICs at Phase 1 of HIVE's Yguazú siteTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5335/247535_a79a9db1449c096a_001full.jpgLuke Rossy, Chief Operating Officer of HIVE, commented: \"We've successfully completed all infrastructure commissioning and testing for Phase 1 at our Yguazú site, including the substation and data center that will host incoming ASICs. We'...