TLDR
- HIVE hits 23 EH/s, fueling global Bitcoin and AI infrastructure growth.
- Grand Falls expansion boosts HIVE’s green AI data center footprint.
- BUZZ HPC powers AI era with liquid-cooled, renewable compute tech.
- HIVE blends Bitcoin mining with high-speed AI-driven infrastructure.
- 283% growth cements HIVE as a leader in sustainable digital compute.
HIVE Digital Technologies Ltd. closed at $5.20 on October 31, marking a 1.89% decline in its share price.
HIVE Digital Technologies Ltd., HIVE
Despite the short-term dip, the company achieved a major operational milestone by reaching 23 Exahash per second (EH/s) in global Bitcoin mining capacity. This marked a 283% year-to-date growth and positioned the firm among top-tier global mining operators heading into 2025.
The growth underlines HIVE’s strategic pivot from pure Bitcoin mining towards sustainable, high-performance computing infrastructure. The company continues to expand its dual-engine model, combining cryptocurrency operations with scalable AI-focused data centers. This positioning supports a future-ready roadmap that blends near-term cash flow with long-term AI infrastructure scaling.
The 23 EH/s milestone signals both technological progress and strengthened capability to generate recurring digital asset rewards. It provides consistent operational cash flow while supporting infrastructure reinvestment. The company continues executing its two-pronged strategy with confidence and scale.
AI Super Cycle Sparks Strategic Expansion of Tier III+ HPC
HIVE has finalized the purchase of 32.5 acres of land in Grand Falls, New Brunswick, for CAD $2.3 million. This land is adjacent to its existing facility and expands the site’s total footprint to nearly 39 acres. The new acquisition sets the stage for constructing a Tier III+ high-performance computing (HPC) data center.
This development supports HIVE’s strategy to serve AI and machine learning demands with sustainable, scalable compute power. The new site can host over 25,000 next-generation GPUs, supported by renewable hydroelectric power. The infrastructure features an 80 MW substation, which is fully owned by HIVE.
The Grand Falls site also benefits from its location near the Maine border, enhancing its colocation appeal for hyperscale clients. The clean-energy facility aligns with rising global demand for efficient and high-density compute. HIVE plans to capitalize on this by scaling its BUZZ HPC business to support up to 30,000 GPUs.
BUZZ HPC Strengthens AI Infrastructure with Green Power and Speed
HIVE’s wholly owned subsidiary BUZZ HPC continues to accelerate infrastructure tailored for AI and high-density workloads. The company is building Tier III+ facilities in both Canada and Sweden, driven by liquid-cooled and renewable-powered compute environments. This strategy helps hyperscale clients meet compute needs while cutting deployment costs.
The BUZZ HPC team aims to position Grand Falls as one of Canada’s most advanced AI data centers. It combines proximity to clean energy, scalable land, and digital infrastructure expertise. The dual-engine setup enables HIVE to maximize ROI while delivering specialized AI compute.
Ongoing developments at the Valenzuela facility also contribute to increased Bitcoin production through new ASIC installations. These upgrades enhance daily mining output and support growth of both mining and AI infrastructure. This combined momentum reflects HIVE’s commitment to powering the AI era with sustainable, high-performance digital solutions.
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