HIVE Digital Technologies Reports 18% Surge in Bitcoin Production with Paraguay Expansion, Targets 25 EH/s by Year-End
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HIVE Digital Technologies Ltd. reported an 18% increase in Bitcoin production in June, mining 164 Bitcoin, attributed to its 100 MW expansion in Paraguay. The company aims to produce 12 Bitcoin daily by year-end and scale to 25 EH/s by Thanksgiving. HIVE's hashrate nearly doubled to 11.4 EH/s since March. The expansion supports their green mining strategy. Additionally, HIVE's subsidiary is enhancing AI infrastructure in Canada with a new data center. The company also granted 2.8 million Restricted Share Units to align employee incentives.
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