HIVE Scales Bitcoin Mining to 23 EH/s, Adds AI/HPC Centers
HIVE Digital Technologies has increased its Bitcoin mining hash rate to 23 EH/s, a 283% year-to-date gain, powered by its 100 MW hydroelectric plant in Paraguay. The Nasdaq-listed miner holds 2,201 BTC and plans to fund a strategic shift into renewable-powered AI and high-performance computing (HPC). It acquired 32.5 acres in Grand Falls, New Brunswick, for its first Tier III+ HPC/AI data center, deploying over 25,000 next-generation GPUs using 70 MW of hydro power and an 80 MW on-site substation. Concurrently, HIVE is converting its Boden, Sweden site into a liquid-cooled Tier III+ HPC facility and will add 4,000 GPUs through a Toronto colocation partnership with Bell. By late 2026, the company aims to operate more than 6,000 new GPUs and scale global HPC capacity to roughly 36,000 GPUs, complementing its Bitcoin mining operations and underscoring its strategic shift into low-carbon AI infrastructure.
Bullish
HIVE’s rapid scaling of Bitcoin mining to 23 EH/s and its pivot into renewable-powered AI/HPC data centers signal strong confidence in network fundamentals and reduced operational costs. In the short term, higher hash rate enhances network security while green energy adoption may lower sell pressure as miners hold more BTC. Long term, diversification into AI infrastructure further insulating HIVE from Bitcoin price swings reinforces positive sentiment for Bitcoin demand and price stability, making the outlook bullish.