HIVE Digital (HIVE) Technologies announced it has completed Phase 2 in Yguazu ahead of schedule, and last week exceeded 18 Exahash per second, EH/s, of global Bitcoin mining capacity. The Company rapidly eclipsed the 17 EH/s target, followed by the 18 EH/s target, signifying completion of Phase 2 in Yguazu, as the final ASICs were installed. HIVE has been mining over 8 Bitcoin per day globally since eclipsing the 17 EH/s target and today is mining over 8.5 Bitcoin per day. With Phase 2 finished at Yguazu, HIVE has now successfully realized the goal of reaching a total global hashrate of 18 EH/s by Summer 2025, culminating in the completion of Yguazu, with 200 megawatts using hydroelectric power now under operation in Paraguay, with a global fleet efficiency of approximately 18.5 J/TH.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIVE:
- Crypto Currents: Trump Media, Crypto.com form CRO digital asset treasury
- Hive Digital Technologies Reports Record Q1 2026 Earnings
- HIVE Digital Technologies Surpasses 16 EH/s in Bitcoin Mining Expansion
- Hive Digital price target raised to $7.50 from $6 at Roth Capital
- 3 ‘Strong Buy’ Crypto Stocks to Buy with Over 150% Upside, According to Analysts