HIVE Digital's Frank Holmes on scaling the business following transformative FY25

Proactive - Interviews for investors

HIVE Digital Technologies Ltd Executive Chairman Frank Holmes talked with Proactive about the company’s strategic growth through its expansion into Paraguay and the scaling of its high-performance computing (HPC) capabilities. Discussing the company's results for the year to end-March, Holmes outlined how HIVE increased its electricity capacity from 100MW to over 300MW in Paraguay by acquiring Bitfarms' operations, a move that he described as the "big scaling element." This initiative leverages surplus hydroelectric power, enabling sustainable and cost-efficient operations. He also highlighted the rapid growth of HIVE’s AI and HPC revenue—from $10 million in the past year to $20 million in just six months—with expectations to reach \$100 million. Holmes said, “We announced, two days ago, that we bought a data center that will repurpose from bitcoin mining into high-performance computing.” In terms of financials, the company reported $115 million in revenue with $53 million in EBITDA for the past year, despite a transition to US GAAP accounting. With minimal headcount, HIVE projects combined revenue from Bitcoin and AI to approach $500 million. Holmes emphasized, “We're not going to be hiring thousands... so that means we should be able to deliver that margin expansion.” Visit Proactive's YouTube channel for more updates. Don’t forget to like the video, subscribe to the channel, and turn on notifications for future content. #HIVEDigitalTechnologies #BitcoinMining #HighPerformanceComputing #AIRevenue #ParaguayEnergy #CryptoMining #DataCenters #TechExpansion #FinancialGrowth #ProactiveInvestors