PANews reported on November 3rd that, according to CoinDesk, HIVE Digital Technologies (HIVE) stated that its Bitcoin mining hashrate has reached 23 EH/s as it ramps up production to generate revenue and fund the expansion of its artificial intelligence (AI) computing infrastructure. HIVE's mining hashrate has grown by 283% this year and is expected to reach 25 EH/s by the end of the month, thanks to the full deployment of hardware in its 100 MW hydroelectric park in Paraguay, powered by the Itaipu Dam. HIVE's mining hashrate had already reached 10 EH/s in May.

Meanwhile, HIVE is converting some of its Bitcoin mining facilities into liquid-cooled, AI-enabled data centers. The company stated that with the completion of additional facilities in Toronto and Sweden, its total number of GPUs is expected to increase from approximately 5,000 currently to 36,000 by the end of 2026. Data shows that HIVE currently holds approximately 2,201 bitcoins in its vaults, making it the 34th largest digital asset vault company.