HIVE Digital Technologies transforms bitcoin mining empire into renewable-powered AI data centers

The company revealed that it has reached 23 exahashes per second (EH/s) of bitcoin mining power — a 283% increase since the start of 2025 — driven largely by full hardware deployment at its 100-megawatt hydroelectric facility in Paraguay, powered by the Itaipú Dam. HIVE expects to hit 25 EH/s before the end of November, positioning it among the global leaders in Bitcoin mining capacity.

Transitioning from mining to AI infrastructure

While expanding its cryptocurrency operations, HIVE is also repurposing parts of its existing mining footprint into liquid-cooled, AI-ready data centers. The most significant step in this transition is a new facility in Grand Falls, New Brunswick, which will be capable of supporting 25,000 GPUs once fully converted to high-performance computing (HPC) standards.

These data centers are designed for clients that require uninterrupted service, such as AI cloud providers, financial platforms, and data analytics firms. Additional expansions in Toronto and Sweden are expected to bring the company’s total GPU capacity to 36,000 by the end of 2026, up from roughly 5,000 today.

Betting on renewable energy for the AI boom

HIVE’s strategy is built on leveraging its renewable energy-powered facilities — primarily hydroelectric — to gain a cost and speed advantage in the rapidly growing AI computing market. The company believes this infrastructure gives it a unique edge over traditional data center developers that must build from scratch.

“As AI adoption accelerates, energy efficiency and uptime are everything,” the company said in a statement. “By using renewable-powered data centers, HIVE can meet the demand for compute-intensive AI workloads faster and more sustainably.”

Strong treasury position amid market volatility

HIVE currently holds approximately 2,201 BTC in its treasury, according to data from Bitcointreasuries, ranking it the 34th-largest digital asset holder globally. Despite its strong operational performance, the company’s shares were down 2.9% in pre-market trading on Monday, reflecting broader volatility across both crypto and tech sectors.

The company’s hybrid model — balancing blockchain operations with AI infrastructure development — is positioning it at the intersection of two major technological revolutions. As HIVE continues to build on its renewable energy advantage, it aims to become a leader not only in digital currency mining but in the global AI compute infrastructure race.