HIVE Digital Technologies hits 23 EH/s, expands HPC/AI data centers in Canada and Sweden

HIVE Digital Technologies has expanded its Bitcoin mining operations to 23 exahashes per second (EH/s) and is simultaneously advancing its global HPC and AI data center strategy, including new Tier III+ facilities in Canada and retrofits in Sweden.

Nasdaq-traded HIVE Digital Technologies has announced an expansion of its Bitcoin mining operations, bringing its global mining capacity to 23 EH/s, representing 283% year-to-date growth.

The company also completed the acquisition of 32.5 acres in Grand Falls, New Brunswick, adjacent to its existing 6-acre site. The expanded property will serve as a foundation for HIVE’s first Tier III+ high-performance computing and AI data center in Atlantic Canada, capable of hosting over 25,000 next-generation GPUs. The facility leverages abundant hydroelectric power, with 70 megawatts currently dedicated to mining operations and an 80 MW on-site substation.

In addition to Canadian expansion, HIVE is retrofitting its Boden, Sweden facility from a Tier I mining center into a liquid-cooled Tier III+ HPC center. A Toronto acquisition, combined with a colocation partnership with Bell, will bring an additional 4,000 GPUs online in 2026. By the end of 2026, HIVE expects to operate over 6,000 next-generation GPUs, with long-term HPC capacity projected at approximately 36,000 GPUs globally.

“HIVE is a pioneer in repurposing stranded and surplus renewable energy for digital infrastructure, and is now turbocharging the transition from Bitcoin mining Tier I to Tier III+ HPC data centers in Canada and Sweden. Its Tier III+ HPC expansions aren’t just additions—they are strategic accelerators, delivering scalable, green-powered compute that slashes deployment timelines and costs for hyperscalers chasing the AI edge. HIVE’s wholly owned HPC/AI subsidiary BUZZ HPC plans to scale its HPC data center capacity to support over 30,000 high-performance GPUs for AI cloud,” said Frank Holmes, Co-Founder and Executive Chairman of HIVE Digital Technologies.

HIVE also announced the issuance of 2,720,900 Restricted Share Units to employees, officers, and consultants to incentivize long-term performance and align with shareholder interests.

With these moves, HIVE is advancing its dual-engine strategy, combining ongoing Bitcoin mining with the development of HPC-focused data centers. Its Valenzuela, Paraguay campus is already fully deployed with ASICs and hydro-cooled containers, supporting efficient, renewable-powered mining operations. The company expects to reach 25 EH/s by late November, targeting mining efficiency of 17.5 J/TH.