
HIVE Digital reaches 23 EH/s, accelerates AI compute expansion across global operations
04/11/2025
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Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to announce a significant milestone amid what he describes as the accelerating AI super cycle: the company has now reached 23 exahash per second (EH/s) in global Bitcoin-mining capacity, representing 283% year-to-date growth and positioning HIVE among the sector’s performance leaders in 2025.
Holmes also shared that HIVE has finalized the acquisition of 32.5 additional acres in Grand Falls, New Brunswick, adjacent to its current operations. The expanded site is being developed as a cornerstone Tier III+ high-performance computing (HPC) campus capable of supporting more than 25,000 next-generation GPUs. Powered by renewable energy, the location is strategically aligned with the accelerating demand for hyperscale-ready infrastructure to support global AI deployment.
HIVE is rapidly advancing its Tier III+ HPC roadmap across multiple regions. In Boden, Sweden, the company is converting an existing Tier I facility into a liquid-cooled data center that will be able to support 2,000 high-performance GPUs for European AI workloads, targeting a 9-to-12-month deployment timeline — significantly faster than a full greenfield data-center build.
In Toronto, the BUZZ data-center acquisition is expected to bring 2,000 GPUs online in 2026, while a new Bell colocation partnership is set to add another 2,000 GPUs over the next nine months. By the end of 2026, HIVE anticipates operating 6,000 next-generation GPUs across these new facilities, complementing its existing fleet of 5,000 GPUs already in operation.
With the planned mining-to-HPC conversion at Grand Falls — projected to achieve a power usage effectiveness (PUE) of 1.3 — the site alone could host an additional 25,000 GPUs, giving the company long-term capacity for approximately 36,000 high-performance GPUs globally.
Holmes emphasized that HIVE’s strategy is built for the moment: in the AI super cycle, HPC infrastructure is not optional — it is the essential engine driving innovation.
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