HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) chief financial officer Darcy Daubaras talked with Proactive about the company’s recent operational milestone, reaching 18 exahash (EH/s) in hash rate ahead of schedule.
This was made possible through the completion of a 200MW green energy facility in Yguazú, Paraguay.
Daubaras explained the company’s ongoing expansion efforts, noting that Hive is now on track to achieve 25 EH/s with the deployment of an additional 100MW in Valenzuela.
He confirmed that “the first seven of around 100 containers have been installed and are up and hashing,” marking a critical step in the company’s scale-up plans.
Operational efficiency was a key theme of the discussion. Daubaras emphasized that Hive prides itself on “just getting it done,” highlighting the dedication of the on-the-ground team in Paraguay, who work around the clock to bring new capacity online.
He also credited local leadership and governmental cooperation as vital contributors to Hive’s smooth operations in Paraguay, saying, “Having locals there that can put together a team, engage them, make them part of the vision has been incredibly successful for us.”
The company remains focused on sustainable mining powered entirely by hydroelectricity.