HIVE Digital Technologies is advancing with ambitious plans to scale its hashrate. In an interview, CFO Darcy Daubaras discusses growth strategy and sustainability.
Plans to Scale to 25 EH/s
HIVE Digital Technologies is undertaking a significant expansion of its hashrate, aiming for 25 EH/s by the end of 2025. CFO Darcy Daubaras highlights the importance of managing risks associated with global supply chain volatility and equipment logistics. In Paraguay, for instance, the company is constructing high-efficiency data centers powered by hydropower. "We are not just growing quickly; we are doing it with precision and resilience," Daubaras emphasizes.
Financial Strategy and Asset Management
HIVE adheres to a no-debt philosophy, allowing the company to manage its assets flexibly, including utilizing part of its Bitcoin reserves for funding growth. Darcy Daubaras underscores the need for careful timing in deciding when to liquidate Bitcoin from their reserves to ensure long-term growth. "We safeguard our long-term upside by investing only when it presents clear, accretive growth," he states.
Diversification into Cloud Services and AI
Daubaras points out that HIVE is not only focused on Bitcoin mining. The company is also actively developing cloud computing and AI services. "HIVE was the first to launch an AI strategy right after Ethereum transitioned to proof-of-stake," he adds. This diversification will allow HIVE to remain resilient even if the cryptocurrency market faces challenges.
HIVE Digital Technologies demonstrates a commitment not only to growth in the traditional Bitcoin space but also to innovating in adjacent sectors such as artificial intelligence and cloud solutions. This could provide the company with a sustainable competitive edge in the future.
