HIVE Digital Technologies Accelerates into the AI Super Cycle by Securing Prime Land for Next-Gen Tier III+ AI HPC Data Centers and Surpassing 23 EH/s

Executive Summary

• HIVE Digital Technologies announced it has reached 23 Exahash per second (EH/s) of Bitcoin‑mining capacity, a 283% YTD increase, and projects 25 EH/s by Thanksgiving 2025.
• The company completed the purchase of an additional 32.5 acres in Grand Falls, New Brunswick for CAD 2.3 million to expand its Tier III+ HPC data‑center footprint, targeting up to 30,000 GPUs at the site.
• HIVE raised C$100.2 million (≈US$73.1 million) from its ongoing ATM program, issuing 30,174,046 common shares at an average price of C$3.32 per share; a $1.9 million commission was paid to sales agents.

Key Details

• Hashrate Milestone: Achieved 23 EH/s global Bitcoin‑mining capacity; efficiency averaged 17.7 J/TH despite network difficulty at 156 T and BTC price ≈US$108,000.
• Future Hashrate Goal: Anticipates 25 EH/s by U.S. Thanksgiving 2025 with target efficiency of 17.5 J/TH.
• Land Acquisition (Grand Falls, NB):
• Added 32.5 acres adjacent to existing 6‑acre site.
• Purchase price: CAD 2.3 million.
• Site currently powers 70 MW of Bitcoin mining; includes an on‑site 80 MW substation owned outright.
• Planned conversion to Tier III+ HPC data center capable of supporting >25,000 GPUs (PUE 1.3).
• HPC Expansion Outlook:
• BUZZ HPC subsidiary aims for >30,000 GPUs at Grand Falls and additional capacity in Sweden (2,000 GPUs) and Toronto (4,000 GPUs via colocation).
• Total projected GPU capacity by year‑end 2026: ~36,000 GPUs (including existing 5,000).
• Valenzuela, Paraguay Facility: Third 100 MW green campus operational; commissioning underway.
• Equity Incentive: Granted 2,720,900 Restricted Share Units (RSUs) to employees, officers, directors and consultants with a one‑year TSX Venture Exchange vesting period.
• ATM Offering Results (Q3 2025):
• Shares issued: 30,174,046 common shares under the October 2024 ATM program.
• Gross proceeds: C$100.2 million (US$73.1 million).
• Average price per share: C$3.32.
• Commission paid to agents: $1.9 million.

Notable Quotes

• Frank Holmes, Executive Chairman: “HIVE is a pioneer in repurposing stranded renewable energy for digital infrastructure… our Tier III+ HPC expansions are strategic accelerators delivering scalable, green‑powered compute for hyperscalers.”
• Aydin Kilic, President & CEO: “With 23 EH/s already secured, we’re generating robust cash flows today while scaling green HPC tomorrow in Canada and Paraguay.”
• Craig Tavares, President & COO – BUZZ HPC: “Grand Falls offers the ideal convergence of Tier I and Tier III+ HPC data centers with clean power, scalability, and community partnership.”