HIVE Digital Technologies Completes Phase 2 Expansion at Yguazú, Reaches 8.5 Bitcoin per Day Mining Capacity

HIVE Digital Technologies has completed its Phase 2 expansion at the Yguazú site in Paraguay ahead of schedule, exceeding 18 Exahash per second of global Bitcoin mining capacity and now mining over 8.5 Bitcoin per day. The company has successfully realized its goal of reaching a total global hashrate of 18 EH/s by summer 2025, and anticipates installing ASICs in the coming weeks, with Valenzuela being the final step in its expansion plan to 25 EH/s.

Title: HIVE Digital Technologies Completes Phase 2 Expansion in Paraguay

HIVE Digital Technologies Ltd. has successfully completed Phase 2 of its Yguazú project in Paraguay, exceeding its target of 18 Exahash per second (EH/s) of global Bitcoin mining capacity. The company, which operates on a dual business model combining Bitcoin mining and high-performance computing (HPC), announced that it has now reached a total global hashrate of 18 EH/s, ahead of its summer 2025 goal. The Yguazú site, powered by renewable hydroelectric energy from the Itaipú Dam, is now mining over 8.5 Bitcoin per day.

The company's President and CEO, Aydin Kilic, stated, "HIVE is one of the few companies in the world operating with a dual business model, in Bitcoin mining and also AI Cloud computing powered by GPUs in our HPC data centers." The successful completion of Phase 2 signifies a significant milestone for HIVE, which has rapidly expanded its Bitcoin mining capacity. The company's COO, Luke Rossy, highlighted the team's achievement in mastering hydro ASIC cooling infrastructure, which has optimized operational efficiency in the local climate.

HIVE's expansion plans are not limited to Yguazú. The company has energized the transformers in Phase 3 at the Valenzuela site, marking the third 100 MW of green energy infrastructure built in Paraguay. ASIC deployment is scheduled to begin in the coming weeks, with the final step in its expansion plan aiming to reach 25 EH/s. Upon completion, the company projects daily Bitcoin production of approximately 12 BTC by U.S. Thanksgiving, representing about 3% of the global Bitcoin mining network.

The company's CFO, Darcy Daubaras, emphasized the focus on delivering strong and sustainable performance, driving sector-leading efficiency through superior capital returns and low G&A expenses. The expansion is expected to remain consistent with the established economics of its Paraguay operations, with each incremental exahash increasing daily production and revenue potential. The company's cost structure remains predictable due to fixed-rate hydroelectric power and the absence of material incremental labor costs.

The news release also mentioned that all Phase 3 ASICs destined for Valenzuela have been paid for and shipped, with the initial batches already received on site. This update informs the market that capital expenditures for expansion have been deployed, and the expansion is now underway as hardware is delivered and installed on-site.

References
[1] https://www.tradingview.com/news/reuters.com,2025-09-03:newsml_NFC42hst9:0-retransmission-hive-digital-technologies-completes-phase-2-of-its-yguaz-project-in-paraguay-reaching-18-eh-s-producing-8-bitcoin-per-day-from-hydroelectric-power/