TL;DR
- Hive Digital surpassed 22 EH/s in its global Bitcoin mining capacity.
- The company is converting a Tier 3 data center in Sweden for its AI cloud.
- HIVE’s short-term goal is to reach 25 EH/s before Thanksgiving.
Hive Digital Technologies Ltd. announced a dual strategic milestone: surpassing 22 exahash per second (EH/s) in its Bitcoin mining capacity and accelerating its Hive Digital expansion in AI by repurposing a key data center in Sweden.
The mining company, known for being one of the first publicly traded companies to exclusively use green energy since 2017, has demonstrated exponential growth in 2025. After starting the year with 6 EH/s, Hive has managed to scale its hashrate capacity by over 200%, reaching the current mark of 22 EH/s.
With this momentum, Hive Digital has set an ambitious short-term goal: to reach 25 EH/s by U.S. Thanksgiving. This milestone would solidify its position as a relevant player in the global Bitcoin mining network.
Dual Strategy: Mining and AI Cloud
Parallel to its success in BTC mining, the most significant announcement is the rapid Hive Digital expansion in AI. The company is adapting its infrastructure to capitalize on what it calls the “AI super-cycle.”
The pillar of this strategy is the conversion of its data center in Boden, Sweden, into a Tier 3 facility optimized for the Artificial Intelligence Cloud and High-Performance Computing (HPC). This modernization will allow Hive to offer robust enterprise-scale AI solutions.
To power this new business line, Hive plans to deploy 2,000 latest-generation NVIDIA GPUs at the Sweden site. Furthermore, the company has revealed plans to install another 2,000 GPUs in its Toronto data center by 2026.
This dual strategy allows Hive to use the robust cash flow generated by Bitcoin mining to finance its diversification into the lucrative AI sector, merging blockchain infrastructure with the growing demands of advanced computing.
