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HIVE Digital Bitcoin Computing Power breaks through the 11 EH/s milestone, Paraguay 100 MW Phase I project completed ahead of schedule.
Gate News bot message, sustainable digital infrastructure company HIVE Digital Technologies Ltd. ( TSXV: HIVE ) ( NASDAQ: HIVE ) ( FSE: YO0) announced that its global Bitcoin Mining Computing Power has exceeded 11 EH/s, with operational power reaching 11.4 EH/s. This milestone marks the successful early completion of HIVE's phase one project (100 MW) at its Iguazu Mining Farm in Paraguay - a key step towards its goal of increasing power to 25 EH/s by Thanksgiving 2025.
In the past five weeks, HIVE's installed computing power has steadily increased at a rate of about 1 EH/s per week, reaching 11 EH/s last week. Subsequently, the company has increased to 11.5 EH/s and is expected to maintain this level under normal operating conditions. As the summer temperatures rise at the HIVE Canadian data center, the daily hash rate is expected to experience slight fluctuations due to the company's optimization of ASIC performance based on seasonal conditions.