HIVE Digital Technologies Reports Growth in Bitcoin Mining
HIVE Digital Technologies (NASDAQ: HIVE) has announced notable growth in its Bitcoin mining operations, successfully mining 164 Bitcoins in June 2025, which reflects an 18% increase from the previous month. The company has initiated Phase 2 of its expansion in Paraguay, achieving a current output of 11.4 EH/s with an ambitious goal of scaling up to 25 EH/s by Thanksgiving and reaching a target of 12 Bitcoins produced daily by the end of the year.
Phase 2 at the Paraguay facility has begun, with 0.4 EH/s already operational, accounting for 5% of the intended capacity. Once fully operational, this phase is expected to generate around 6.5 EH/s employing Bitmain S21+ Hydro miners. In parallel, HIVE’s subsidiary BUZZ HPC has acquired a 7.2 MW Tier 3 data center in Toronto for its AI computing infrastructure.
HIVE has solidified its financial standing by raising C$96.7 million through an ATM offering at an average share price of C$2.54, securing additional capital for continued expansion.
Positive Highlights
- 18% month-over-month increase in Bitcoin production, totaling 164 BTC.
- Successful launch of Phase 2 expansion in Paraguay, with 0.4 EH/s operational.
- On track to achieve 25 EH/s by Thanksgiving and a daily production of 12 BTC by year-end.
- Raised C$96.7 million via ATM offering to support growth.
- Acquisition of a 7.2 MW Tier 3 data center for AI computing enhances strategic growth.
Challenges Ahead
- Potential dilution due to issuance of 38.1 million new shares from the ATM offering.
- C$1.8 million in commissions associated with the ATM program.
Future Prospects
The expansion into Paraguay and the increase in Bitcoin production signals a positive trajectory for HIVE Digital Technologies. This growth underscores HIVE’s commitment to enhancing its operational efficiency and achieving longer-term production targets, paving the way for greater revenue potential.
Strategic Insights
With Phase 2 now underway, HIVE is poised to significantly enhance its mining capacity and efficiency, while also engaging in AI computing strategies through BUZZ HPC. The combination of hydro-powered operations and strategic investments positions HIVE favorably in the competitive landscape of digital infrastructure and decentralized finance.
Conclusion
As HIVE continues its commitment to sustainable practices and advanced technology, its strategic moves in scaling operations and fostering innovation in the AI sector could provide substantial dividends for stakeholders and shareholders alike.
