HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced it has exceeded 14 Exahash per second (EH/s) of Bitcoin mining hashrate across its operations in Canada, Sweden, and Paraguay.
This milestone brings the company’s current Bitcoin annual run rate for revenue to $315 million, with mining margins of approximately 55% after electricity costs, based on the current hashprice as tracked by the Bitcoin Hashprice Index.
HIVE reaffirmed its guidance to reach 18 EH/s by the end of summer and 25 EH/s by US Thanksgiving.
The company said this increase marks a key point in its expansion strategy as it responds to favorable market conditions, including higher Bitcoin prices, increasing institutional adoption of digital assets, and a rise in demand for AI-ready data centers.
In Paraguay, construction continues on HIVE’s three-campus buildout. Phase 2 at the Yguazú site is over 60% complete, with 4 EH/s of Bitmain S21+ Hydro…
