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HIVE Digital Technologies Reports October Production of 289 BTC, Achieves 24 EH/s, and Completes Paraguay Expansion While Fueling Canada’s Tier III+ AI Data Center Growth

HIVE Digital Technologies confirms that it has now surpassed 24 EH/s of global mining capacity, supported by 300 megawatts (“MW”) of capacity in Paraguay. HIVE’s network share now exceeds 2% of the global Bitcoin network, reinforcing its position among the world’s most efficient and sustainable digital-asset operators.

HIVE’s Infrastructure Play: Why Bitcoin Mining Led to an AI Goldmine

From Bitcoin mining roadblock to AI infrastructure goldmine—Frank Holmes never planned to build an artificial intelligence company. Yet HIVE Digital Technologies has evolved from a 2017 cryptocurrency workaround into a renewable-energy-powered data center operation generating $800,000 daily revenue with just 25 employees. Now positioned at the intersection of crypto and AI growth, HIVE owns the essential hardware both booming industries desperately need, creating a scalable infrastructure play that analysts value at $10–$12 per share.