![[HIVE_BIG-b0f0c511.png|300]] Company website: https://www.hivedigitaltechnologies.com/ ### Introduction HIVE Digital Technologies Ltd., originally founded in 2017 as HIVE Blockchain Technologies Ltd. by Harry Pokrandt and rebranded in 2023 to reflect diversification into AI and HPC, is a global leader in building and operating cutting-edge data centers. Headquartered in Vancouver, British Columbia, Canada, the company's mission is to pioneer digital transformation through Bitcoin mining and high-performance computing (HPC) powered by clean, low-cost green energy, primarily hydroelectric, while expanding into AI infrastructure. HIVE's key focus areas include scaling Bitcoin mining hashrate to 25 EH/s by the end of 2025, developing AI and HPC solutions with NVIDIA GPUs, and operating energy-efficient data centers across Canada (over 100 MW), Sweden (43.5 MW), and Paraguay (300 MW expansion completed in phases throughout 2025). As a publicly traded entity (NASDAQ/TSX.V: HIVE), the company emphasizes proprietary software/hardware innovation, sustainability, and revenue diversification beyond crypto into AI cloud services. ### Key Products and Technology - **Bitcoin Mining Operations**: Industrial-scale mining with hashrate surpassing 13 EH/s in July 2025, targeting 18 EH/s by August and 25 EH/s by Thanksgiving, using energy-efficient ASIC rigs. Features include proprietary software for uptime and efficiency, green hydroelectric power; applications secure the Bitcoin network, producing ~1,414 BTC in FY2025 with HODL portfolio at 2,620 BTC valued at $220 million as of February 2025. - **HPC and AI Cloud Services (BUZZ HPC)**: Fleet of thousands of NVIDIA GPUs for high-performance computing and AI workloads, with 3x revenue growth in FY2025. Features scalable, liquid-cooled infrastructure; applications support AI model training, sovereign workloads, and cloud services, including a 7.2 MW Toronto data center acquisition in June 2025. - **Data Center Infrastructure**: Operates facilities powered by clean energy, with expansions like the 300 MW Paraguay site (Yguazú) fully operational by 2025, achieving industry-leading efficiency. Technologies emphasize green power and high-density compute; applications enable Bitcoin mining, HPC colocation, and AI deployment for diversified revenue streams. ### Team and Leadership - **Frank Holmes, Executive Chairman**: Renowned global investor leading the board, contributing to vision and strategy; CEO of U.S. Global Investors with expertise in resource investments and emerging markets. - **Aydin Kilic, President and Chief Executive Officer**: Oversees operations and growth, breaking down strategic expansions in interviews; focuses on hashrate scaling and AI integration. [@AydinKilicHIVE](https://x.com/AydinKilicHIVE). - **Craig Tavares, President and Chief Operating Officer of BUZZ HPC**: Appointed February 2025 to lead GPU cloud and HPC data center business; experienced in high-density compute infrastructure for sovereign AI workloads. ### Recent News and Developments (2025) | Date | Event | Details | |------------|--------------------------------|-------------------------------------------------------------------------| | July 10, 2025 | Surpasses 12 EH/s Milestone | Achieved 12 EH/s hashrate and $250 million annual run rate revenue as Paraguay Phase 1 expansion progresses; on track for 18 EH/s by summer and 25 EH/s by Thanksgiving. | | July 3, 2025 | Surpasses 13 EH/s | Reached 13 EH/s hashrate with $300 million ARR, accelerating growth in Paraguay; targets 18 EH/s by August 2025. | | June 30, 2025 | Surpasses 11 EH/s | Completed 100 MW Phase 1 in Paraguay ahead of schedule, hitting 11 EH/s; remains on track for 25 EH/s by year-end. | | June 25, 2025 | FY2025 Financial Results | Reported $115.3 million revenue and $56.2 million adjusted EBITDA; mined 1,414 BTC with 3x growth in AI GPU revenue. | | June 23, 2025 | Acquisition of Toronto Data Center | Acquired 7.2 MW facility for BUZZ HPC to support sovereign AI and HPC workloads. | | June 20, 2025 | Surpasses 11 EH/s (Retransmission) | Reiterated 11 EH/s milestone with Paraguay Phase 1 completion. | | June 5, 2025 | 58% Hashrate Growth in One Month | Surpassed 10 EH/s in May, on track for 25 EH/s by year-end. | | May 22, 2025 | Celebrates 9.5 EH/s Milestone | Achieved record 9.5 EH/s, driving shareholder value toward 25 EH/s. | | May 21, 2025 | Record 9.5 EH/s | Highlighted industry-leading growth and efficiency. | | March 17, 2025 | Completes Paraguay Yguazú Acquisition | Expanded capacity by 317% from 6 EH/s to 25 EH/s in 2025. | | February 18, 2025 | Appoints Craig Tavares | Named as President and COO of BUZZ HPC to lead AI/HPC growth. | | February 2025 | February Production Results | Mined 89 BTC, HODL portfolio at 2,620 BTC valued at $220 million. | ### Partnerships and Collaborations - **Bitfarms Ltd.**: Acquired the 200 MW Yguazú site in Paraguay in March 2025, enabling hashrate expansion to 25 EH/s and strategic focus on green energy. - **NVIDIA**: Utilizes thousands of NVIDIA GPUs for AI and HPC services, supporting 3x revenue growth in FY2025. - **Strategic Tech and Energy Providers**: Collaborations with top firms for mining tech, energy supply, and financial support to drive expansions, though specifics limited in 2025 sources; includes hydroelectric partners in Paraguay and Sweden. ### Closing Note As a publicly traded company (NASDAQ/TSX.V: HIVE) with FY2025 revenue of $115.3 million and $56.2 million adjusted EBITDA, HIVE Digital Technologies is in a mature growth stage, with a robust future outlook fueled by hashrate scaling to 25 EH/s, AI revenue tripling, and projected $550 million ARR by Thanksgiving 2025. *Report generated July 28, 2025*