HIVE Digital Technologies Surpasses 11 EH/s in Bitcoin Mining Hashrate, Eyes 25 EH/s by Thanksgiving 2025
San Antonio, Texas – (June 20, 2025) – HIVE Digital Technologies, a leading player in sustainable digital infrastructure, today announced a significant milestone: the company has exceeded 11 Exahash per second (EH/s) of global Bitcoin mining hashrate, achieving an operational hashrate of 11.4 EH/s. This accomplishment marks the early and successful completion of Phase 1 (100 MW) of HIVE’s Yguazú site in Paraguay. The move is a critical stride towards the company’s goal of reaching 25 EH/s by American Thanksgiving 2025.
Over the past five weeks, HIVE has consistently added approximately 1 EH/s per week. The company has since grown to 11.5 EH/s and anticipates maintaining this level under typical operating conditions. As summer temperatures rise across HIVE’s Canadian data centers, minor fluctuations in daily hashrate are expected as the firm optimizes ASIC performance for seasonal changes.
**A Commitment to Strategic, Sustainable Expansion**
HIVE’s foray into Paraguay underscores its long-term vision. It seeks to leverage cost-effective, 100% renewable hydroelectricity in nations aligned with U.S. interests, countries committed to sustainable growth. The expansion is fully funded, and HIVE is making excellent progress on Phase 2 of its Paraguay build-out. New Bitmain S21+ Hydro ASICs have arrived and are being prepared for deployment in cutting-edge hydro containers. The firm anticipates ramping up to 18 EH/s by late summer.
[Image of HIVE facility in Paraguay – caption: Momentum builds as HIVE prepares to launch its second 100 MW facility in Yguazú.]
HIVE’s investment in Paraguay is about more than just digital infrastructure. It is a commitment to the local communities. In partnership with local authorities, HIVE has:
* Created hundreds of construction jobs, supporting the expansion of Paraguay’s electrical grid infrastructure.
* Funded and installed air conditioning units in local junior schools, contributing to a better learning environment.
* Supported the installation of new night lighting across Valenzuela, improving public safety and the quality of life.
* Committed to long-term economic benefits by paying for energy in U.S. dollars, reinforcing the local currency and promoting economic stability.
[Image of HIVE executives at the Yguazú site – caption: President and CEO Aydin Kilic, Operations Manager Carlos Torres, and Country President Gabriel Lamas at HIVE’s Yguazú site.]
**Executive Commentary**
Frank Holmes, Co-Founder and Executive Chairman of HIVE, stated: “Hitting 11 EH/s ahead of schedule underscores HIVE’s capability to scale quickly and operate at the highest levels of performance. We are proud to build this state-of-the-art infrastructure in Paraguay, a nation that shares our long-term vision and embraces sustainable digital infrastructure. Our expansion benefits both our shareholders and the local communities. We’re well-positioned to continue this robust growth trajectory and are fully committed to reaching 25 EH/s by American Thanksgiving 2025.”
Aydin Kilic, President and CEO of HIVE, added: “Having recently toured our sites in Paraguay, I am deeply impressed by the operation’s quality, efficiency, and professionalism. Our data centers in Yguazú and Valenzuela are truly world-class facilities – a testament to our team’s hard work and our strong collaboration with local partners. We’re on track to ramp up to 18 EH/s this summer, and we remain confident in achieving 25 EH/s by American Thanksgiving. Together, we are building a future where digital infrastructure and sustainable growth go hand-in-hand.”
[Image of Aerial view of HIVE’s growing Yguazú campus.]
**Upcoming Financials**
HIVE will release its fiscal Q4 and full-year results for the period ended March 31, 2025, on Thursday, June 26, 2025, before market open. An earnings conference call and webcast will follow at 8:00 AM EST.
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