About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - HIVE Digital Technologies has commenced mining operations at its hydro-powered 200 MW site in Yguazú, Paraguay, achieving an initial production rate of 100 Petahash and reporting significant Bitcoin production results for March 2025 [3][5][6]. Group 1: Operations and Production - HIVE has officially energized Phase 1 of its Yguazú site and is now mining Bitcoin at an initial production rate of 100 Petahash [5]. - The company mined 108 Bitcoin in March 2025, increasing its HODL balance to 2,201 BTC, valued at approximately $180 million based on a BTC price of $82,000 [6]. - HIVE operated at an average hashrate of 6.3 Exahash per second (EH/s), achieving a peak BTC-only hashrate of 6.2 EH/s [6]. Group 2: Strategic Growth and Future Plans - HIVE aims to quadruple its production capacity from approximately 6 EH/s to 25 EH/s by the end of calendar 2025, supported by a robust pipeline of next-generation mining equipment [10]. - The company is fully funded to support its expansion in Paraguay, with disciplined capital strategy and efficient infrastructure [10][11]. - HIVE's local operations team in Paraguay has been critical in meeting the ambitious schedule for the site [7]. Group 3: Executive Commentary - Frank Holmes, Co-Founder and Executive Chairman, highlighted the energization of the Yguazú facility as a pivotal milestone and emphasized the company's disciplined approach to infrastructure investment [11]. - Aydin Kilic, President and CEO, noted the efficient and sustainable progress of the expansion in Paraguay, aiming to become a leading green-powered Bitcoin miner [11].

Core Viewpoint - HIVE Digital Technologies Ltd. has commenced mining operations at its hydro-powered 200 MW site in Yguazú, Paraguay, achieving a significant milestone in its expansion strategy while reporting production results for March 2025 [2][4][10]. Group 1: Operations and Production - HIVE has energized Phase 1 of its Yguazú site, initiating Bitcoin mining at an initial production rate of 100 Petahash [4]. - The company mined 108 Bitcoin in March 2025, increasing its HODL balance to 2,201 BTC, valued at approximately $180 million based on a BTC price of $82,000 [5]. - HIVE operated at an average hashrate of 6.3 Exahash per second (EH/s), achieving a peak BTC-only hashrate of 6.2 EH/s [5]. Group 2: Strategic Growth and Infrastructure - HIVE plans to scale its mining capacity in phases, with additional capacity expected to be deployed in the coming months [4]. - The company aims to increase its global mining capacity from approximately 6 EH/s to 25 EH/s by the end of calendar 2025, supported by a robust pipeline of next-generation mining equipment [9]. - More than 65% of the infrastructure needed to host over 20,000 miners at the Valenzuela site is already in place, indicating ongoing expansion efforts [9]. Group 3: Executive Insights - The COO of HIVE highlighted the successful completion of infrastructure commissioning and testing for Phase 1, emphasizing the critical role of the local operations team in Paraguay [6]. - The Executive Chairman noted that the energization of the Yguazú facility marks a pivotal milestone, with plans to quadruple production over the next eight months [10]. - The President and CEO reiterated the commitment to sustainable and efficient expansion, positioning HIVE as a leading green-powered Bitcoin miner [10].

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

RETRANSMISSION: HIVE Digital Technologies Completes Acquisition of Paraguay's Yguazú Site, Expanding Mining Capacity By 317%-From 6 EH/s to 25 EH/s in 2025March 18, 2025 6:00 AM EDT | Source: HIVE Digital Technologies Ltd.This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - March 18, 2025) - HIVE Digital Techno ...

Core Viewpoint - HIVE Digital Technologies has successfully acquired Bitfarms Ltd.'s Yguazú hydro-powered facility in Paraguay, significantly increasing its mining capacity by 317%, from 6 EH/s to a projected 25 EH/s by September 2025 [2][3][10]. Company Expansion - The acquisition adds a total of 200 MW of mining infrastructure in Paraguay, complementing HIVE's existing 100 MW project in Valenzuela, which is expected to be operational by June 2025 [3][4]. - HIVE's global operational capacity will reach 430 MW by Q3 2025, with facilities in Paraguay, Canada, and Sweden [3]. Sustainable Energy Commitment - HIVE emphasizes its commitment to 100% green hydroelectric energy, positioning itself as a leader in high-performance computing in Latin America [4][10]. - Paraguay's low-cost hydroelectric power and stable regulatory environment are key factors in HIVE's expansion strategy [4]. Development Plan - The Yguazú facility will be developed in two phases, with Phase 1 expected to add approximately 6 EH/s of hashrate by April 1, 2025, and Phase 2 contributing an additional 6.5 EH/s by August 31, 2025 [5][7]. - HIVE has secured ASICs for 15 EH/s of operational hashrate, including existing and ordered equipment [5]. Economic Impact - HIVE's operations in Paraguay will generate monthly revenue for the national utility company, ANDE, contributing to local infrastructure and economic growth [9]. - The acquisition is valued at $56 million, which includes ownership of a 240 MVA substation and associated facilities [12][14]. Leadership and Strategic Focus - HIVE's Executive Chairman, Frank Holmes, highlights the strategic focus on sustainable growth and the importance of Paraguay's economic policies under President Santiago Peña [6][8]. - The company aims to scale its operations to 3% of the global network by September 2025, powered entirely by green energy [6].

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - March 17, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE") a leading innovator in sustainable blockchain infrastructure, is proud to announce the appointment of Gabriel Lamas as Country President of Paraguay. Mr. Lama ...

Core Viewpoint - HIVE Digital Technologies Ltd. has appointed Gabriel Lamas as Country President of Paraguay to lead its operations and expansion in the region, enhancing its position in sustainable blockchain infrastructure and high-performance computing [1][5][6]. Group 1: Leadership and Expertise - Gabriel Lamas brings over 20 years of experience in infrastructure and energy projects, known for his technical skills and leadership [2][3]. - Lamas has previously held significant roles at Bitfarms Ltd., where he led major technical initiatives and operational projects in Latin America [3]. - His experience at Paraguay's National Utility, ANDE, involved managing dam operations and optimizing energy transmission, showcasing his expertise in energy efficiency [4]. Group 2: Strategic Importance - HIVE aims to become the largest private electricity consumer from ANDE, which will generate substantial U.S. dollar-denominated revenue for the Paraguayan government [5]. - Lamas' leadership is expected to drive HIVE's success in Paraguay, contributing positively to the local economy [5][6]. - The company is confident that Lamas' strategic vision and operational expertise will enhance its growth trajectory in Paraguay [8]. Group 3: Vision for the Future - Lamas expressed enthusiasm for his role, emphasizing the importance of Paraguay in the evolution of digital services and HIVE's commitment to sustainable growth [7][8]. - The appointment of Lamas marks a significant step in HIVE's transformative growth as it expands its operations into 2025 and beyond [8][9].

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...