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RETRANSMISSION: HIVE Digital Technologies Accelerates Growth in Paraguay, Surpasses 7 EH/s, Achieves 10% Global Growth in Hashrate, and Reports April 2025 Production of 102 Bitcoin
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":"RETRANSMISSION: HIVE Digital Technologies Accelerates Growth in Paraguay, Surpasses 7 EH/s, Achieves 10% Global Growth in Hashrate, and Reports April 2025 Production of 102 BitcoinThis 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. - May 9, 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 that following the acquisition of Bitfarms' Yguazú 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 (EH/s) 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 (all amounts in US dollars, unless otherwise indicated).Rapid Hashrate ExpansionAs of today, HIVE reports a total Bitcoin mining hashrate of 7.3 EH/s (a 10% increase on peak hashrate realized last month of 6.6 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.Key Highlights for April 2025Bitcoin Production: 102 Bitcoin produced during April, averaging 3.4 BTC per day or 15.8 BTC per Exahash.Mining Efficiency: Average hashrate of 6.5 EH/s during the month, with fleet efficiency of 20.7 joules per terahash; peak hashrate reached 6.6 EH/s.Executive CommentaryFrank Holmes, Co-Founder and Executive Chairman of HIVE, stated: \"We're excited by the traction we're gaining after acquiring Bitfarms' assets and launching our own site in Paraguay. This expansion provides HIVE with a strategic advantage to scale production using clean hydroelectric power. However, we remain vigilant, as global supply chain challenges and trade ...