Hive Digital: Harnessing Renewable Energy for Global Bitcoin Mining

Hive Digital Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: YO0) is on a mission to capture 2% of the global Bitcoin mining market using renewable energy. The Vancouver-based company, a pioneer in sustainable blockchain infrastructure, is committed to advancing the industry's environmental responsibility while maximizing shareholder value.

In November 2024, HIVE announced its production results and strategic milestones, highlighting its commitment to sustainable growth. The company mined 103 BTC, bringing its HODL portfolio to 2,713 BTC, a 67% increase year-over-year. HIVE maintained an average mining capacity of 5.3 Exahash per Second (EH/s) with a fleet efficiency of 22.3 Joules per Terahash (J/TH), reaching a peak hashrate of 5.7 EH/s.



HIVE's strategic developments include a significant upgrade to its mining fleet, purchasing 11,500 state-of-the-art Avalon ASIC miners from Canaan Inc. and acquiring 8.6 EH/s of Bitmain's S21+ Hydro machines. This expansion is expected to generate over $300 million in annual revenue and deliver more than $200 million in mining margin, based on current mining economics. Once fully deployed, this strategic expansion will bring HIVE's total Bitcoin mining capacity to 15 EH/s by summer 2025.

HIVE's commitment to renewable energy sets it apart from competitors and aligns with evolving investor preferences. By sourcing green renewable energy, the company is committed to environmental responsibility, positioning itself as a leader in sustainable cryptocurrency mining. This environmentally conscious approach has contributed to HIVE's growth and success in the industry.

HIVE's executive team, led by Frank Holmes, Executive Chairman, and Aydin Kilic, President and CEO, is dedicated to driving the company's growth and maintaining its competitive edge. The company's strategic expansion, coupled with its commitment to sustainable mining practices, positions HIVE strongly for sustainable long-term growth while maximizing cash flow return on invested capital.

In conclusion, Hive Digital Technologies is well on its way to achieving its 2% global Bitcoin mining target using renewable energy. The company's commitment to sustainability, strategic expansion, and efficient mining practices has positioned it as a leader in the cryptocurrency mining industry. As the demand for Bitcoin and other digital assets continues to grow, HIVE is poised to capitalize on this trend while minimizing its environmental impact.