HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) CEO Aydin Kilic talked with Proactive's Stephen Gunnion about the company’s rapid expansion in Bitcoin mining and new developments in AI data centers. Kilic explained that HIVE recently reached 12 exahash globally, a milestone achieved by acquiring and completing the Yguazú Paraguay site. "We brought on one exahash per week, five weeks in a row," Kilic said, highlighting how the company scaled its infrastructure to reach this performance.
He noted that Phase Two of the project is underway, targeting 18 exahash before the end of August and 25 exahash by November. Kilic stated: "We are at $250 million ARR today and expect to reach $400 million in six weeks," emphasizing the significant growth trajectory. The company also announced the acquisition of a 7.2MW data center near Toronto City Airport, intended to run up to 3,000 Blackwell GPUs and generate an additional $80 million in annual revenue.
Kilic outlined that the BuzzHPC AI business could reach a $100 million annualized target, supporting diversification beyond Bitcoin mining. He described HIVE’s creative financing strategies, including pledging Bitcoin for ASIC acquisitions without debt or interest, which has added nearly \$40 million in value.
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