HIVE Digital hits 25 Exahash milestone with green energy

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes talked with Proactive's Stephen Gunnion about the company's progress in both its Bitcoin mining operations and AI HPC initiatives. Holmes highlighted that the company has scaled its Bitcoin hash rate from 6 to 25 exahash over six months, a significant milestone that brings increased stability and improved margins. “We've hit that critical mass event where we have more stability and margins,” he said. He also noted the strategic benefit of sourcing only green energy, with HIVE supporting Paraguay’s infrastructure through the development of substations and employing local engineers. In November, the company mined 290 Bitcoin, representing an 8% increase month over month and a 180% increase year over year. Holmes positioned this performance as superior to Bitcoin’s price performance and that of peers in the sector. On the AI side, HIVE is seeing strong growth. Revenue has doubled in the past year and is expected to grow 5 to 6 times over the next 12 months. Holmes attributed this to the delivery of more Nvidia chips to data centers and a partnership with Bell Canada. He said the company is aiming for up to $140 million in AI-related revenue, with 10,000 clients worldwide already using or renting its services. Looking to 2026, HIVE plans to grow from 25 Eh to 35 Eh, with the Paraguayan government granting another 100MW of electricity. The company believes this could eventually expand to one gigawatt. Meanwhile, HIVE is repurposing a Bitcoin data center in Sweden into a high-performance computing hub, and sees strong potential at a site in New Brunswick, Canada. For more updates from leaders in crypto and tech, visit Proactive's YouTube channel. Don’t forget to like the video, subscribe to the channel, and turn on notifications so you never miss an update. #HIVEDigital #BitcoinMining #AIHPC #CryptoInvesting #GreenEnergy #ParaguayMining #NvidiaChips #DataCenters #BlockchainTechnology #HighPerformanceComputing #CryptoNews #ProactiveInvestors