HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that it has achieved 23 Exahash per second (EH/s) in global Bitcoin-mining capacity, positioning the company amongst industry leaders in 2025 with 283% year-to-date growth.
The multinational digital infrastructure company also said it has completed its C$2.3 million strategic land acquisition in Grand Falls, New Brunswick, adding 32.5 acres adjacent to the company's existing 6-acre property acquired in April 2021.
HIVE said the expanded site lays the groundwork for HIVE's inaugural Tier III+ AI and HPC (High-Performance Computing) data center in Atlantic Canada, positioning the site as a cornerstone for Tier III+ HPC development capable of scaling to over 25,000 next-generation GPUs (graphics processing unit).
"We're not just adapting-we're turbocharging a double-engine data-center machine, seamlessly building and upgrading Tier I and Tier III+ HPC facilities to unleash the most powerful GPU chips for AI workloads," HIVE Digital Technologies CEO Aydin Kilic said in a statement.
"With 23 EH/s already secured, we're generating robust cash flows today while scaling green HPC tomorrow in Canada and Paraguay, positioning HIVE as the go-to partner for the compute demands of this era."
HIVE noted that all application-specific integrated circuits (ASICs) and hydro-cooling containers are now deployed at the company's third 100 MW green campus in Valenzuela, Paraguay, powered by the Itaipú Dam, the Western Hemisphere's largest hydroelectric facility.
It added that with commissioning underway, HIVE anticipates hitting 25 EH/s by US Thanksgiving, targeting 17.5 joules per Terahash (J/TH) efficiency and meeting its full 2025 hashrate goals on time.
As well, the company reported that it issued 30,174,046 HIVE common shares during the three-month period ended September 30, 2025, pursuant to the at-the-market offering begun in October 2024 and continued in May 2025, for gross proceeds of C$100.2 million.
Shares of Hive added more than 5% on the update, trading at about $5.50 before Monday's opening bell.