RETRANSMISSION: HIVE Digital Technologies Announces Energization and Commencement of Operations at Yguazú Site and March 2025 Production Results
HIVE Digital Technologies has announced its March 2025 production results and the start of operations at its new hydro-powered facility in Yguazú, Paraguay. The company mined 108 Bitcoin in March, maintaining a HODL balance of 2,201 BTC valued at approximately $180 million at $82,000 per BTC.
Key operational metrics include an average hashrate of 6.3 Exahash per second with a fleet efficiency of 20.7 joules per terahash. The company achieved a daily production rate of 3.5 BTC, or 17.6 BTC per Exahash.
Phase 1 of HIVE's 200 megawatt Yguazú site has been energized, initially producing at 100 Petahash. The company plans to scale operations significantly, with Phase 2's remaining 100 MW to follow. At their Valenzuela site, over 65% of infrastructure for hosting 20,000+ miners is complete.
HIVE aims to expand its global mining capacity from 6 EH/s to 25 EH/s by end-2025, supported by a fully funded equipment pipeline and disciplined capital strategy.
HIVE Digital Technologies ha annunciato i risultati di produzione di marzo 2025 e l'inizio delle operazioni presso la sua nuova struttura idroelettrica a Yguazú, Paraguay. L'azienda ha estratto 108 Bitcoin a marzo, mantenendo un saldo HODL di 2.201 BTC valutato a circa 180 milioni di dollari a 82.000 dollari per BTC.
I principali indicatori operativi includono un hashrate medio di 6,3 Exahash al secondo con un'efficienza della flotta di 20,7 joule per terahash. L'azienda ha raggiunto un tasso di produzione giornaliero di 3,5 BTC, pari a 17,6 BTC per Exahash.
La Fase 1 del sito di HIVE da 200 megawatt a Yguazú è stata attivata, producendo inizialmente a 100 Petahash. L'azienda prevede di ampliare significativamente le operazioni, con la Fase 2 che seguirà con i restanti 100 MW. Presso il loro sito di Valenzuela, oltre il 65% delle infrastrutture per ospitare oltre 20.000 miner è completato.
HIVE mira ad espandere la sua capacità di mining globale da 6 EH/s a 25 EH/s entro la fine del 2025, supportata da una pipeline di attrezzature completamente finanziata e una strategia di capitale disciplinata.
HIVE Digital Technologies ha anunciado sus resultados de producción de marzo de 2025 y el inicio de operaciones en su nueva instalación hidroeléctrica en Yguazú, Paraguay. La compañía extrajo 108 Bitcoin en marzo, manteniendo un saldo HODL de 2,201 BTC valorado en aproximadamente 180 millones de dólares a 82,000 dólares por BTC.
Los principales indicadores operativos incluyen una tasa de hash promedio de 6.3 Exahash por segundo con una eficiencia de flota de 20.7 julios por terahash. La compañía logró una tasa de producción diaria de 3.5 BTC, o 17.6 BTC por Exahash.
La Fase 1 del sitio de HIVE de 200 megavatios en Yguazú ha sido energizada, produciendo inicialmente a 100 Petahash. La empresa planea escalar significativamente las operaciones, con la Fase 2 que seguirá con los restantes 100 MW. En su sitio de Valenzuela, más del 65% de la infraestructura para albergar a más de 20,000 mineros está completa.
HIVE tiene como objetivo expandir su capacidad de minería global de 6 EH/s a 25 EH/s para finales de 2025, respaldada por una línea de equipos completamente financiada y una estrategia de capital disciplinada.
HIVE 디지털 기술은 2025년 3월 생산 결과와 파라과이 이과주에 있는 새로운 수력 발전 시설의 운영 시작을 발표했습니다. 이 회사는 3월에 108 비트코인을 채굴했으며, 2,201 BTC의 HODL 잔액을 유지하고 있으며, 이는 BTC당 82,000달러로 약 1억 8천만 달러에 해당합니다.
주요 운영 지표에는 초당 6.3 엑사해시의 평균 해시율과 테라해시당 20.7줄의 플릿 효율성이 포함됩니다. 이 회사는 하루 생산량 3.5 BTC, 즉 엑사해시당 17.6 BTC를 달성했습니다.
HIVE의 200메가와트 이과주 사이트의 1단계가 가동되었으며, 처음에는 100 페타해시로 생산하고 있습니다. 회사는 2단계의 나머지 100MW와 함께 운영을 크게 확장할 계획입니다. 발렌수엘라 사이트에서는 20,000명 이상의 채굴자를 호스팅할 수 있는 인프라의 65% 이상이 완료되었습니다.
HIVE는 2025년 말까지 글로벌 채굴 용량을 6 EH/s에서 25 EH/s로 확대하는 것을 목표로 하고 있으며, 완전히 자금이 지원되는 장비 파이프라인과 규율 있는 자본 전략에 의해 지원받고 있습니다.
HIVE Digital Technologies a annoncé ses résultats de production de mars 2025 et le début des opérations dans sa nouvelle installation hydroélectrique à Yguazú, au Paraguay. L'entreprise a extrait 108 Bitcoin en mars, maintenant un solde HODL de 2.201 BTC évalué à environ 180 millions de dollars à 82.000 dollars par BTC.
Les principaux indicateurs opérationnels comprennent un hashrate moyen de 6,3 Exahash par seconde avec une efficacité de flotte de 20,7 joules par terahash. L'entreprise a atteint un taux de production quotidien de 3,5 BTC, soit 17,6 BTC par Exahash.
La phase 1 du site de HIVE de 200 mégawatts à Yguazú a été mise en service, produisant initialement à 100 Petahash. L'entreprise prévoit d'élargir considérablement ses opérations, la phase 2 avec les 100 MW restants suivra. Sur leur site de Valenzuela, plus de 65 % de l'infrastructure pour héberger plus de 20 000 mineurs est achevée.
HIVE vise à étendre sa capacité mondiale de minage de 6 EH/s à 25 EH/s d'ici fin 2025, soutenue par un pipeline d'équipement entièrement financé et une stratégie de capital disciplinée.
HIVE Digital Technologies hat seine Produktionszahlen für März 2025 bekannt gegeben und den Start der Betriebsaufnahme in seiner neuen wasserbetriebenen Anlage in Yguazú, Paraguay, angekündigt. Das Unternehmen hat im März 108 Bitcoin abgebaut und hält einen HODL-Saldo von 2.201 BTC, der etwa 180 Millionen Dollar bei einem Preis von 82.000 Dollar pro BTC wert ist.
Wichtige Betriebskennzahlen umfassen eine durchschnittliche Hashrate von 6,3 Exahash pro Sekunde mit einer Flotteneffizienz von 20,7 Joule pro Terahash. Das Unternehmen erzielte eine tägliche Produktionsrate von 3,5 BTC, was 17,6 BTC pro Exahash entspricht.
Phase 1 der 200 Megawatt Anlage in Yguazú von HIVE wurde in Betrieb genommen und produziert zunächst mit 100 Petahash. Das Unternehmen plant, die Betriebsabläufe erheblich zu skalieren, wobei Phase 2 mit den verbleibenden 100 MW folgen wird. An ihrem Standort in Valenzuela ist über 65 % der Infrastruktur zum Hosting von über 20.000 Minern abgeschlossen.
HIVE zielt darauf ab, seine globale Mining-Kapazität von 6 EH/s bis Ende 2025 auf 25 EH/s zu erweitern, unterstützt durch eine vollständig finanzierte Ausrüstungspipeline und eine disziplinierte Kapitalstrategie.
- None.
- None.
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.
San Antonio, Texas--(Newsfile Corp. - April 7, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure, is pleased to announce its unaudited production results for March 2025 and to share a key milestone: the commencement of mining operations at its hydro-powered 200 megawatt (MW) site in Yguazú, Paraguay (all amounts in US dollars, unless otherwise indicated).
Key Highlights for March 2025
Bitcoin Production: HIVE mined 108 Bitcoin during the month, increasing its HODL balance to 2,201 BTC as of March 31, 2025, valued at approximately
$180 million based on a BTC price of$82,000. Strategic Capital Deployment: Year-over-year BTC holdings temporarily decreased by
4% as the Company prudently reinvested Bitcoin proceeds into long-term capital assets, including its new green-powered infrastructure in Paraguay.Mining Efficiency: HIVE operated at an average hashrate of 6.3 Exahash per second (EH/s), with a fleet efficiency of 20.7 joules per terahash. The Company achieved peak BTC-only hashrate of 6.2 EH/s and a BTC-equivalent hashrate of 6.4 EH/s.
- Daily Production Rate: HIVE produced an average of 3.5 BTC per day, or 17.6 BTC per Exahash.
Operations Commence in Paraguay
HIVE has officially energized Phase 1 of its 200 MW site in Yguazú, Paraguay, and is now mining Bitcoin at an initial production rate of 100 Petahash. The site is expected to scale steadily in the weeks ahead, with additional mining capacity set to be deployed in phases over the coming months.
Photograph: Installed ASICs at Phase 1 of HIVE's Yguazú site
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Luke Rossy, Chief Operating Officer of HIVE, commented: "We've successfully completed all infrastructure commissioning and testing for Phase 1 at our Yguazú site, including the substation and data center that will host incoming ASICs. We're energizing our first 100 MW now, with Phase 2's remaining 100 MW expected to follow shortly. I'm proud of our local operations team in Paraguay, whose efforts have been critical to meeting our ambitious schedule."
Photograph: Aerial daytime view of Phase 1 of HIVE's Yguazú site
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Photograph: Aerial nighttime view of Phase 1 of HIVE's Yguazú site
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Mr. Rossy also noted progress at HIVE's Valenzuela site: "More than
Path to 4x Growth
HIVE has established a robust pipeline of next-generation mining equipment and is fully funded to support its expansion in Paraguay. With a disciplined capital strategy and efficient infrastructure, the Company is poised to increase its global mining capacity from approximately 6 EH/s to 25 EH/s by the end of calendar 2025.
Executive Commentary
Frank Holmes, Co-Founder and Executive Chairman of HIVE, stated: "The successful energization of our hydro-powered Yguazú facility marks a pivotal milestone in HIVE's expansion. We are now mining with our first machines online and producing at 100 Petahash, with additional capacity coming online each week. This steady, scalable growth reflects the strength of our capital base and our disciplined approach to infrastructure investment. Over the next eight months, we aim to quadruple our production as we bring our fully funded pipeline of projects to life. I'm incredibly proud of our global team's focus and execution as we continue to build a sustainable and high-performing digital infrastructure company."
Aydin Kilic, President and CEO of HIVE, added: "We continue to execute our growth plan at an accelerated pace. Our global team has worked tirelessly to ensure our expansion in Paraguay progresses efficiently and sustainably. With all major systems in place and ASIC deployments now underway, we are on track to become one of the world's leading green-powered Bitcoin miners, delivering consistent value through innovation and energy efficiency."
About HIVE Digital Technologies Ltd.
HIVE Digital Technologies Ltd. is a pioneering technology company advancing sustainable blockchain and AI infrastructure powered by green energy. As the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has grown into a global leader in digital asset mining and AI computing. With operations in Canada, Sweden, and Paraguay, HIVE continues to innovate while reducing its environmental footprint.
For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain
On Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive Chairman
For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new site in Paraguay and its potential, the timing of it becoming operational; business goals and objectives of the Company; the results of operations for March 2025; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the inability to enter into a binding agreement and complete the acquisition of the Paraguay site on the terms as announced or at all; the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.
The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.
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