Peter Sevelin's questions to HIVE Digital Technologies Ltd (HIVE) leadership • Q1 2025
Question
Peter Sevelin, on behalf of Lucas Pipes from B. Riley Securities, inquired about the deployment cadence and financing for the 100-megawatt Paraguay expansion, and whether this project would impact GPU purchasing plans for the AI business.
Answer
President & CEO Aydin Kilic stated that the Paraguay project is for Bitcoin mining and is distinct from the near-term AI/HPC expansions in New Brunswick and Sweden. He noted the Paraguay site is attractive due to low build-out costs and green power, with hash rate expected to come online in Q3 2025. Executive Chairman Frank Holmes added that capacity will be brought online incrementally as sections are built. Kilic also detailed HIVE's strategy of continuous ASIC upgrades for immediate ROI.