HIVE Digital Technologies announced it has surpassed 20 Exahash per second (EH/s) of global Bitcoin mining capacity. This significant operational milestone was achieved following the deployment of ASICs at its Phase 3, hydro-powered Valenzuela facility in Paraguay.
This achievement represents a substantial 233% year-to-date increase in HIVE's hashrate, demonstrating rapid expansion and execution of its growth strategy. The company's focus on sustainable mining with efficient, fixed-rate hydroelectric energy contributes to strong mining margins.
Reaching over 20 EH/s solidifies HIVE's position as a major player in the global Bitcoin mining network. This expansion is crucial for the company to maintain competitiveness and capitalize on the growing demand for digital assets.
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