HIVE Digital Technologies Expands Bitcoin Mining Operations and Advances HPC and AI Data Center Strategy
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.
HIVE’s Bitcoin mining capacity surge to 23 EH/s marks a 283% year-to-date growth, solidifying the company’s position in the cryptocurrency mining industry. The expansion is accompanied by the acquisition of 32.5 acres in Grand Falls, New Brunswick, which will serve as the foundation for HIVE’s first Tier III+ high-performance computing and AI data center in Atlantic Canada.
Strategic Expansion and Retrofitting
The new facility in Grand Falls will be capable of hosting over 25,000 next-generation GPUs, leveraging abundant hydroelectric power with 70 megawatts currently dedicated to mining operations and an 80 MW on-site substation. In addition to the 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. This strategic expansion and retrofitting will enable HIVE to deliver scalable, green-powered compute that slashes deployment timelines and costs for hyperscalers chasing the AI edge.
Leadership and Expertise
“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.
Conclusion and Future Outlook
As HIVE continues to expand its operations and advance its HPC and AI data center strategy, the company is poised for significant growth and success in the cryptocurrency mining and high-performance computing industries. With a strong leadership team and a focus on delivering scalable, green-powered compute, HIVE is well-positioned to support the increasing demand for AI and high-performance computing. For more information, please visit the original source.
