Proactive - Interviews for investors

HIVE Digital sees milestone with December bitcoin mined, targets major hashrate expansion in 2025

Episode Summary

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to announce a major strategic milestone with the release of the company's unaudited December 2024 production results. During the month, HIVE successfully mined 103 Bitcoin, bringing its HODL portfolio to 2,805 BTC, reflecting an impressive 64.6% year-over-year increase and surpassing a key operational target. HIVE maintained an average mining capacity of 5.5 Exahash per Second (EH/s) during the month, with its fleet achieving an efficiency of 22 Joules per Terahash (J/TH). The company also reached a peak Bitcoin-only hashrate of 6.0 EH/s and a peak Bitcoin-equivalent hashrate of 6.3 EH/s, further solidifying its position as a leader in sustainable crypto mining. Holmes highlighted that as of December 31, 2024, HIVE's Bitcoin holdings were valued at over $261.9 million, based on Bitcoin’s closing price of approximately $93,400. Looking ahead to 2025, HIVE is poised for significant growth. The company is targeting a global hashrate capacity of 15.0 EH/s by the end of 2025, with a blended fleet efficiency of 17.0 J/TH. A key driver of this expansion will be the deployment of its 100 MW hydroelectric-powered strategic facility in Paraguay, which emphasizes HIVE's commitment to sustainability and renewable energy. By the close of the second calendar quarter of 2025, HIVE aims to achieve 13.0 EH/s of global hashrate with the completion of the initial 100 MW phase in Paraguay. Subsequent site expansions are expected to help HIVE achieve its ambitious 15.0 EH/s target by year-end. This dual focus on scaling operations and enhancing efficiency positions HIVE as a key player in the Bitcoin mining industry, leveraging sustainable energy solutions to drive long-term growth and value creation. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive HiveDigitalTechnologies #Cryptocurrency #FrankHolmes #BitcoinMining #ParaguayExpansion #AIGrowth #FinancialMarkets #Blockchain #DigitalAssets #CryptoInvestments #ProactiveInvestors