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HIVE Digital Technologies Surpasses 13 EH/s as Scalable Growth and Revenue Expansion Accelerate in Paraguay and Reaches $300 Million ARR
This news release constitutes a "designated news release" for the purposes of the Company's amend...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"HIVE Digital Technologies Surpasses 13 EH/s as Scalable Growth and Revenue Expansion Accelerate in Paraguay and Reaches $300 Million ARRThis 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. - July 24, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the \"Company\" or \"HIVE\"), a diversified multinational digital infrastructure company, proudly announces it has crossed the 13 Exahash per second (EH/s) threshold in global Bitcoin mining hashrate, mining over 6.5 Bitcoin daily since crossing this threshold. This scale-up has been driven by the deployment of the Company's next-generation hydro-cooled Bitcoin mining facilities in Phase 2 at Yguazú, Paraguay.Accelerating ProgressThe buildout of Phase 2 at the Company's Yguazú campus is progressing steadily, with over 2 EH/s of next-generation Bitmain S21+ Hydro ASIC miners now active at the site. Upon full deployment, the Company anticipates that Phase 2 will host approximately 6.5 EH/s of computation power, propelling the Company toward its near-term goal of aggregate global hashpower of 18 EH/s by the end of August 2025.Phase 2 at Yguazú Hydro Containers coming onlineTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5335/259908_hive1.jpg\"Our climb to 13 EH/s is the result of researched planning and focused execution across the organization,\" said Frank Holmes, Co-Founder and Executive Chairman. \"Every Exahash of the latest high-efficiency Bitmain S21+ ASIC miners we add is expected to reduce unit costs, thereby expanding margins, and amplifying the value of every Bitcoin earned by the Company through its hashpower. Management believes that this milestone signifies not only growth, but the realization of its strategic hashpower acceleration. At HIVE, scaling means stronger economics, greater efficiency, and smarter capital deployment.\"\"We believe that HIVE's 13 EH/s is just the beginning. With infrastructure and power already secured, increased hashpower represents accretive growth and operational readiness,\" continued Mr. Holmes.A Fully-Funded Roadmap to 25 EH/sHIVE's Bitcoin mining ca...