ExchangeDEX+

Buy Crypto Markets Spot Futures500X Earn Events

HIVE Digital Technologies has expanded its Bitcoin mining operations to 23 exahashes per second (EH/s) and is simultaneously advancing its global HPC and AI data center strategy, including new Tier III+ facilities in Canada and retrofits in Sweden. Nasdaq-traded HIVE…HIVE Digital Technologies has expanded its Bitcoin mining operations to 23 exahashes per second (EH/s) and is simultaneously advancing its global HPC and AI data center strategy, including new Tier III+ facilities in Canada and retrofits in Sweden. Nasdaq-traded HIVE…

HIVE Digital Technologies hits 23 EH/s, expands HPC/AI data centers in Canada and Sweden

By: Crypto.news

2025/11/03 20:12

HIVE$0.1249+2.96%

AI$0.06394+2.27%

SECOND$0.0000056+1.81%

Summary

HIVE’s Bitcoin mining capacity surged to 23 EH/s, marking 283% year-to-date growth.
Acquisition of 32.5 acres in Grand Falls, New Brunswick, supports HIVE’s first Tier III+ HPC and AI data center in Atlantic Canada, capable of hosting over 25,000 next-generation GPUs.
Retrofitting of Boden, Sweden facility and Toronto expansion with Bell colocation will add 6,000 next-gen GPUs by 2026, bringing long-term global HPC capacity to around 36,000 GPUs.

Nasdaq-traded HIVE Digital Technologies has announced an expansion of its Bitcoin mining operations, bringing its global mining capacity to 23 EH/s, representing 283% year-to-date growth.

The company also completed the acquisition of 32.5 acres in Grand Falls, New Brunswick, adjacent to its existing 6-acre site. The expanded property will serve as a foundation for HIVE’s first Tier III+ high-performance computing and AI data center in Atlantic Canada, capable of hosting over 25,000 next-generation GPUs. The facility leverages abundant hydroelectric power, with 70 megawatts currently dedicated to mining operations and an 80 MW on-site substation.

In addition to Canadian expansion, HIVE is retrofitting its Boden, Sweden facility from a Tier I mining center into a liquid-cooled Tier III+ HPC center. A Toronto acquisition, combined with a colocation partnership with Bell, will bring an additional 4,000 GPUs online in 2026. By the end of 2026, HIVE expects to operate over 6,000 next-generation GPUs, with long-term HPC capacity projected at approximately 36,000 GPUs globally.

“HIVE is a pioneer in repurposing stranded and surplus renewable energy for digital infrastructure, and is now turbocharging the transition from Bitcoin mining Tier I to Tier III+ HPC data centers in Canada and Sweden. Its Tier III+ HPC expansions aren’t just additions—they are strategic accelerators, delivering scalable, green-powered compute that slashes deployment timelines and costs for hyperscalers chasing the AI edge. HIVE’s wholly owned HPC/AI subsidiary BUZZ HPC plans to scale its HPC data center capacity to support over 30,000 high-performance GPUs for AI cloud,” said Frank Holmes, Co-Founder and Executive Chairman of HIVE Digital Technologies.

HIVE also announced the issuance of 2,720,900 Restricted Share Units to employees, officers, and consultants to incentivize long-term performance and align with shareholder interests.

With these moves, HIVE is advancing its dual-engine strategy, combining ongoing Bitcoin mining with the development of HPC-focused data centers. Its Valenzuela, Paraguay campus is already fully deployed with ASICs and hydro-cooled containers, supporting efficient, renewable-powered mining operations. The company expects to reach 25 EH/s by late November, targeting mining efficiency of 17.5 J/TH.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.