HIVE Digital Technologies Surpasses 13 EH/S As Scalable Growth And Revenue Expansion Accelerate In Paraguay And Reaches $300 Million ARR

(MENAFN- Crypto Breaking) This news release constitutes a“designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024.

San Antonio, Texas, July 24, 2025 - HIVE Digital Technologies Ltd . (TSX.V: HIVE ) (Nasdaq : HIVE ) (FSE: YO0) (the“Company” or“HIVE”), a diversified multinational digital infrastructure company, proudly announces it has crossed the 13 Exahash per second (EH/s) threshold in global Bitcoin mining hashrate, mining over 6.5 Bitcoin daily since crossing this threshold. This scale-up has been driven by the deployment of the Company's next-generation hydro-cooled Bitcoin mining facilities in Phase 2 at Yguazú, Paraguay.

Accelerating Progress

The buildout of Phase 2 at the Company's Yguazú campus is progressing steadily, with over 2 EH/s of next-generation Bitmain S21+ Hydro ASIC miners now active at the site. Upon full deployment, the Company anticipates that Phase 2 will host approximately 6.5 EH/s of computation power, propelling the Company toward its near-term goal of aggregate global hashpower of 18 EH/s by the end of August 2025.

Containers coming online
Phase 2 at Yguazú Hydro A Fully-Funded Roadmap to 25 EH/s

HIVE 's Bitcoin mining capacity in Phase 2 and Phase 3 in Paraguay exclusively utilizes the Bitmain S21+ Hydro miner with an efficiency of 15 J/TH. Accordingly, as these hydro units come online, it will improve HIVE 's global average ASIC fleet efficiency. HIVE 's global ASIC fleet efficiency was approximately 20 J/TH at the completion of Phase 1 in Yguazú with global operations at 11.5 EH/s, and will be 18.5 J/TH upon the completion of Phase 2 in Yguazú with global operations at 18 EH/s.

Improved ASIC efficiency lowers the cost of Bitcoin production, as less energy is required to produce hashrate. ASIC efficiency is directly proportional to the cost of Bitcoin production. A 10% improvement in ASIC efficiency, all other things being equal, equates to a 10% lower cost of Bitcoin production.

HIVE is pleased to note this week that the Company realized $300 million of annualized run-rate revenue (ARR)* from Bitcoin Mining and HPC operations with profit margins of approximately 55%, based on current global average power costs for HIVE and current hash price of approximately $59 per PH per day.

As HIVE advances its fully-funded expansion strategy , the Company expects to achieve approximately $400 million in ARR* upon reaching its near-term target of 18 EH/s. At that scale, HIVE projects a global fleet efficiency of 18.5 J/TH and mining margins* approaching 60% after electrical costs, based on current hashprice of $59 per Hashrate Index ( index).

* As used herein,“Operating Margin” is calculated by dividing the operating profit (revenue generated from mining and HPC activities minus power costs related to those activities) by the total revenue generated from mining activities and expressed as a percentage.“Mining Margin” is calculated by dividing the mining profit (revenue generated from mining activities minus power costs related to those activities) by the total revenue generated from mining activities and expressed as a percentage. In mining , the most significant expense is power costs.“ARR”, as a metric, does not represent profitability and is presented here as a measure of growth. These non-GAAP measures should be read in conjunction with and should not be viewed as alternatives to or replacements for measures of operating results and liquidity presented in accordance with GAAP in HIVE 's quarterly and annual financial statements.

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd . builds and operates sustainable blockchain and AI infrastructure data centers, powered exclusively by renewable hydroelectric energy. With a global footprint in Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and scaling the future of digital finance and computing, while creating long‐term value for its shareholders and host communities.

For more information, visit hivedigitaltech , or connect with us on:

X:

YouTube: @HIVEDigitalTech

Instagram:

LinkedIn:

On Behalf of HIVE Digital Technologies Ltd .

“Frank Holmes”

Executive Chairman

For further information, please contact:

Nathan Fast, Director of Marketing and Branding

Frank Holmes, Executive Chairman

Aydin Kilic, President & CEO

Tel: (604) 664-1078

Crypto Investing Risk Warning
Crypto assets are highly volatile. Your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.

MENAFN24072025008006017065ID1109841594