HIVE Digital reaches 23 EH/se and expands AI and HPC data centers.
- HIVE's global mining capacity reaches 23 EH/s.
- New sustainable data centers will be deployed in Canada and Sweden.
- Expansion with next-generation GPUs strengthens performance in HPC and AI.
HIVE Digital Technologies, listed on Nasdaq, announced The company announced the expansion of its global Bitcoin mining operations, reaching a total capacity of 23 EH/s, representing a cumulative growth of 283% by 2025. The company also confirmed new strategic investments in high-performance computing (HPC) infrastructure and artificial intelligence (AI), strengthening its hybrid business model that combines mining and cloud services.
In a statement, the company announced the acquisition of 32,5 acres in Grand Falls, New Brunswick, adjacent to its current 6-acre facility. The space will be the company's first Tier III+ HPC and AI data center in Atlantic Canada, designed to house more than 25.000 next-generation GPUs. The complex utilizes local hydroelectric power, with 70 MW dedicated to mining operations and an 80 MW substation on-site, reinforcing HIVE's focus on energy efficiency and sustainability.
In Sweden, the company is modernizing its facilities in Boden, which will be transformed from a Tier I mining center into a Tier III+ data center with liquid cooling. In Canada, the expansion includes a new center in Toronto, made possible through a colocation partnership with Bell, which will add 4.000 GPUs by 2026. The goal is to reach 36.000 global HPC GPUs by the end of 2026.
Frank Holmes, co-founder and executive chairman of HIVE, highlighted That “HIVE is a pioneer in reusing idle and surplus renewable energy for digital infrastructure” and that the new expansions “are not just additions — they are strategic accelerators that provide scalable, clean-energy-powered computing for hyperscalers seeking the forefront of AI.”
The company also approved the issuance of 2,72 million Restricted Stock Units to executives and employees, incentivizing long-term performance and alignment with shareholders.
With this expansion, HIVE advances its "dual-engine" strategy, consolidating itself as one of the few companies in the sector that integrate Bitcoin mining and AI cloud computing into a fully renewable energy infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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