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RETRANSMISSION: HIVE Digital Technologies Surpasses 8 EH/s of Bitcoin Hashrate and Secures ASIC Orders to 25 EH/s
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":"RETRANSMISSION: HIVE Digital Technologies Surpasses 8 EH/s of Bitcoin Hashrate and Secures ASIC Orders to 25 EH/sThis 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 15, 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 it has surpassed 8.0 Exahash per second (EH/s) of global Bitcoin mining hashrate, marking another key milestone in the Company's strategic expansion toward its 25 EH/s target for in calendar Q4 2025. This rapid growth is being driven by the successful energization of HIVE's recently completed first 100 MW hydro-powered facility in Yguazu, Paraguay. As of today, HIVE reports a total operating hashrate of 8.3 EH/s and remains on track to reach its Phase 1 objective of 11.5 EH/s by the end of June 2025, with additional capacity expected to come online in the weeks ahead. Moreover, HIVE has now fully funded its ASIC orders to grow to 18 EHs in Q3 2025, strategically using it Bitcoin treasury for this rapid growth. HIVE's second 100 MW in Yguazu, Paraguay, scheduled for completion this summer, will provide the infrastructure for growth from 11.5 EH/s to 18 EH/s. HIVE has further deposits and options to purchase in place for Bitcoin mining ASICs to reach 2025 target of 25 EH/s, with the third 100 MW of Bitcoin mining infrastructure coming online in calendar Q4 2025 in Valenzuela, Paraguay.Executive CommentaryFrank Holmes, Co-Founder and Executive Chairman of HIVE, stated: \"We are now well on our way to the 18 EH/s summer target; crossing the 8 EH/s threshold signals our bold momentum forward. Based on current Bitcoin mining rewards, at 18 EH/s, HIVE would be mining approximately 10 Bitcoin per day.\" Mr. Holmes continued \"With Bitcoin over US$100,000, HIVE is positioned to do almost US$1,000,000 in daily revenue by this summer with our fully-funded growth plans. This achievement demonstrates HIVE's ability to responsibly scale operations with green energy while securing the Bitcoin network and driving long-term shareholder value. We are proud to lead the next wave of innovatio...