Curated News
By: NewsRamp Editorial Staff
May 15, 2025
HIVE Digital Ltd Surpasses 7 EH/s, Plans Continued Growth
TLDR
- HIVE Digital Ltd achieves 10% month-over-month increase in peak hashrate, positioning as one of the world’s fastest-growing Bitcoin miners.
- HIVE's new 100 MW hydro-powered facility in Paraguay enables adding 1 EH/s of capacity each month, on track to reach 11.5 EH/s by June.
- HIVE's use of green energy fuels growth, resonating with ESG-conscious investors, while strategically scaling operations to become one of the largest Bitcoin miners.
- Bitcoin surges above $100,000 on hopes of tariff relief, driving HIVE to double down on scaling operations and expansion for accelerated mining pace.
Impact - Why it Matters
This news showcases HIVE Digital Ltd's rapid growth in Bitcoin mining and its strategic expansion plans. Investors are drawn to the company's debt-free approach and focus on green energy. The achievement of this milestone solidifies HIVE's position as a key player in the cryptocurrency mining industry.
Summary
HIVE Digital Ltd achieves a new milestone at its Yguazù facility in Paraguay, surpassing 7 Exahash per second of global mining hashrate. The company completed the buildout of a 100 MW air-cooled data center at its Paraguay facility, expects to grow by an additional 1 EH/s every two weeks. HIVE is among the world’s fastest-growing Bitcoin miners.
Investors have taken notice of HIVE’s growth initiatives, with the stock trending upward. HIVE is expanding without relying on debt, a strategy that resonates well with investors. The company is fueling its growth with green energy, appealing to ESG-conscious investors.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, HIVE Digital Ltd Surpasses 7 EH/s, Plans Continued Growth
