HIVE Digital targets 35 EH/s in 2026 with 100MW hydro expansion in Paraguay

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes talked with Proactive's Stephen Gunnion about the company’s 100MW hydro expansion in Paraguay and its broader strategy to scale Bitcoin mining and AI infrastructure. Holmes explained that the new capacity will help push HIVE’s mining power to 35 Exahash by 2026, representing close to 3% of the global Bitcoin network. “This maintains that momentum we have,” he said, noting that the company’s hashrate has already grown from 6 to 22 Exahash, with 25 targeted by American Thanksgiving. Holmes highlighted that all of HIVE’s new infrastructure is powered by renewable hydro energy. This focus, he said, is essential for both sustainability and commercial relationships, particularly in Europe and Canada. “It was important when we created the first ASAIC chip with Intel… because we are green only and focused,” he added. Beyond Bitcoin, HIVE is targeting a fivefold expansion in its Canadian HPC operations, including its AI-focused partnership with Bell Canada. The infrastructure build is starting in Manitoba and expanding to Toronto, with HIVE aiming to become the largest HPC player in the country. Looking ahead, Holmes outlined HIVE’s financial aspirations: $500 million in revenue and $300 million in EBITDA based on current Bitcoin prices and HPC projections. For more interviews like this, visit Proactive’s YouTube channel. Don’t forget to like the video, subscribe to the channel, and hit the notification bell for future updates. #HIVEDigital #BitcoinMining #CryptoNews #AIInfrastructure #GreenEnergy #ParaguayMining #Exahash #HPC #BellCanada #FrankHolmes #SustainableMining #BlockchainTechnology