Eos Energy stock falls after Fuzzy Panda issues short report
Investing.com -- Hive Digital Technologies Ltd (NASDAQ:HIVE) stock climbed 6% in Monday’s premarket trading after the company announced it has surpassed 22 exahash per second (EH/s) in global Bitcoin-mining capacity, representing 267% growth year-to-date.
The milestone reflects successful expansion of the company’s hydro-powered Valenzuela facility in Paraguay, Hive’s third 100-megawatt green campus in the country. Current production has reached 9.5 Bitcoin per day with fleet efficiency of approximately 17.8 joules per terahash and a 55% mining margin after electricity costs at $47 hashprice.
Hive expects to reach 25 EH/s by U.S. Thanksgiving, targeting improved fleet efficiency of 17.5 J/TH. The company is also accelerating its AI Cloud expansion in Sweden by converting an existing Tier-1 data center in Boden into a Tier-3 liquid-cooled high-performance computing facility.
This conversion strategy provides a faster path to cash flow—typically 9 months versus 3 years for new construction. The upgraded Swedish facility will support 2,000 NVIDIA GPUs for enterprise-grade AI and GPU cloud workloads across the European Union.
Hive’s global expansion plans include its BUZZ data center in Toronto, which will host an additional 2,000 GPUs in 2026, and planned growth in New Brunswick. The company expects to operate approximately 6,000 GPUs by 2026 across its locations.
All hardware for Hive’s Paraguay expansion is fully funded and delivered, supported by fixed-rate hydroelectric power. The company targets reaching 25 EH/s by late 2025 and 35 EH/s during 2026, while planning to scale its high-performance computing division five-fold over the same period.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.