The Bitcoin miner is leveraging its renewable-powered infrastructure to expand into AI computing, targeting 36,000 GPUs by 2026.
HIVE Digital Expands Bitcoin Hashrate to Record Levels
HIVE Digital Technologies (HIVE) announced that it has achieved 23 exahashes per second (EH/s) of Bitcoin mining capacity — a 283% increase in 2025 — as the company scales up operations to fund its growing artificial intelligence (AI) infrastructure.
The milestone was driven by full hardware deployment at HIVE’s 100-megawatt hydroelectric campus in Paraguay, which draws power from the Itaipú Dam, one of the world’s largest renewable energy sources. HIVE expects to reach 25 EH/s by the end of November, further strengthening its position among global Bitcoin miners.
The firm currently holds 2,201 BTC in its treasury, ranking as the 34th-largest corporate Bitcoin holder, according to data from Bitcointreasuries.net.
Pivoting Toward AI Infrastructure
In parallel with its mining expansion, HIVE is repurposing parts of its Bitcoin mining footprint into liquid-cooled, AI-ready data centers designed to support high-performance computing (HPC) workloads.
A recent land acquisition in Grand Falls, New Brunswick, will host a facility capable of supporting up to 25,000 GPUs, with designs optimized for continuous uptime — a key requirement for AI cloud and financial data workloads.
Additional sites in Toronto and Sweden will push HIVE’s total projected GPU capacity to 36,000 units by the end of 2026, up from around 5,000 GPUs currently in operation.
AI Growth Funded by Bitcoin Mining
HIVE’s dual focus reflects a strategic integration of Bitcoin mining revenues into AI infrastructure development. By using renewable-powered data centers already built for high-density computing, the company aims to achieve a cost and speed advantage over competitors constructing AI campuses from scratch.
Despite the expansion, HIVE shares slipped 2.9% in pre-market trading Monday. Analysts note that while the firm’s AI transition could diversify revenue streams and hedge against Bitcoin price volatility, it also requires substantial capital reinvestment and technical realignment.
“HIVE’s renewable energy assets give it a unique position to bridge Bitcoin and AI,” the company said in a statement. “Our infrastructure allows us to scale high-performance compute efficiently and sustainably.”
Still, as demand for AI compute power surges globally, HIVE’s move underscores a broader industry trend: Bitcoin miners transforming into digital infrastructure providers for the next wave of AI innovation.
From hashrate to high compute — HIVE’s strategy signals the convergence of blockchain energy efficiency and AI infrastructure growth.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.