Latest news with #HPC
Yahoo
3 hours ago
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HIVE Digital Achieves 10 EH/s Mining Breakthrough, Races Toward 25 EH/s Goal
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) surpassed 10 Exahash per second (EH/s) in Bitcoin mining capacity, as reported on May 28. This milestone exceeds the company's previous 9.5 EH/s record announced just seven days ago. The company now produces over 5 Bitcoin daily and maintains above 1% of the global Bitcoin network hashrate. A team of technicians working on a server of bitcoin mining equipment in a data center. The accelerated expansion centers on HIVE's Paraguay operations, where the company deployed new mining equipment at its 100 MW hydro-powered Yguazú facility. The mining fleet operates at 20 Joules per Terahash efficiency. HIVE Digital Technologies Ltd. targets 11.5 EH/s by June 2025 as part of its first expansion phase. A second 100 MW facility in Yguazú will launch by summer 2025, targeting 18 EH/s capacity. The company plans to complete a third 100 MW campus in Valenzuela, Paraguay, which is key to achieving its 25 EH/s goal by Q4 2025. It assured investors that this expansion is fully funded, eliminating dilution concerns typically associated with rapid scaling. At the same time, Buzz HPC, a HIVE (NASDAQ:HIVE) subsidiary, achieved an important milestone. The entity reached $20 million in annualized run-rate revenue from its GPU cloud business. The division operates over 5,000 GPUs for AI workloads, providing strategic diversification beyond Bitcoin mining operations. HIVE Digital Technologies Ltd is a technology company that specializes in Bitcoin mining and high-performance computing (HPC). It builds and operates data centers in Canada, Sweden, and Paraguay. HIVE uses NVIDIA GPUs to support AI and HPC markets. While we acknowledge the potential of HIVE Digital Technologies Ltd (NASDAQ:HIVE) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HIVE and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
4 hours ago
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HPC Innovator Taps Aion Silicon for $12M RISC-V Accelerator Program
End-to-End ASIC Partnership to Accelerate Global Supercomputing Market with Open-Standard, Energy-Efficient Silicon READING, United Kingdom, May 28, 2025 /PRNewswire/ -- Aion Silicon (formerly Sondrel), a leading ASIC and SoC architecture partner, today announced it has secured a $12 million engagement to provide comprehensive design services for a confidential customer developing next-generation RISC-V–based accelerators for high-performance computing (HPC) and artificial intelligence (AI). The multi-year program leverages Aion Silicon's two decades of SoC expertise to help the customer introduce disruptive, energy-efficient processors that target the most compute-intensive workloads in data centers and scientific research worldwide. Under the agreement, Aion Silicon will deliver the full spectrum of design work—from RTL architecture and verification through Design for Test, physical implementation, and tape-out—on a bleeding edge node RISC-V platform. "The global HPC race demands accelerators that deliver extreme performance per watt," said Oliver Jones, CEO of Aion Silicon. "This project shows how our team can turn bold RISC-V architectures into manufacturable silicon that challenges the dominance of proprietary solutions." Engagement Details End-to-end expertise — Complete RTL architecture, verification, Design for Test, physical implementation, and tape-out on a bleeding edge node RISC-V platform On-site collaboration — A dedicated team of Aion Silicon engineers willwork alongside the customer's team to accelerate knowledge transfer and project velocity Standards-based innovation — Open instruction-set architecture and vector extensions eliminate proprietary lock-in and speed customization for AI and HPC workloads Market impact — Accelerators are expected to deliver industry-leading efficiency, challenging the dominance of legacy architectures in data-center and scientific computing Engineering work is under way, with additional hires planned through 2025 as the design moves toward tape-out and initial silicon. About Aion SiliconAion Silicon is a trusted partner in high-performance semiconductor design, specializing in advanced System-on-Chip (SoC) solutions—including tailored ASICs—for AI, automotive, HPC, 5G, networking, and other applications. Its full-service, high-touch engineering model with consultative project leadership guides customers from SoC architecture and IP selection through design, foundry tapeout, and volume production. With over 20 years of experience in SoC architecture, front-end and back-end services, Aion Silicon reduces technical and economic risk for customers, accelerating time-to-market, while optimizing for commercial success. As a foundry-neutral and IP-agnostic partner with hundreds of successful tapeouts, Aion Silicon leverages a world-class ecosystem to deliver tailored solutions that meet each customer's unique needs. To learn more, visit All registered trademarks and product identifiers belong to their respective corporate entities. Any other trademarks or product names referenced here are also owned exclusively by their relevant companies. Media Contact:Gary BirdAion Silicon+1.831.888.9011aion@ View original content: SOURCE Aion Silicon
Yahoo
11 hours ago
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RETRANSMISSION: HIVE Digital Technologies Surpasses 10 EH/s of Bitcoin Hashrate as Expansion in Paraguay Accelerates
This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024. San Antonio, Texas--(Newsfile Corp. - May 28, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure, is pleased to announce it has surpassed 10 Exahash per second (EH/s) of global Bitcoin mining hashrate, and in the process has added 1 EH/s each week for the last month. As of today, HIVE reports a total operating hashrate of over 10 EH/s and is ahead of schedule to reach its Phase 1 objective of 11.5 EH/s by the end of June 2025, with a global fleet efficiency of 20 Joules per Terahash. HIVE continues to execute on its strategic expansion toward its 25 EH/s target for calendar Q4 2025 and is working hard to maintain the cadence of its rapid scaling. The Company notes that this growth is fully funded. BUZZ HPC Surpasses Growth Milestone in HPC Cloud, Achieves $20M ARR Ahead of Schedule The Company is proud to announce that its high-performance computing ("HPC") subsidiary, Buzz HPC, has surpassed a key growth milestone-reaching a $20 million annualized run-rate revenue in its GPU cloud business. This achievement comes one month ahead of the Company's target of June 2025, underscoring the successful execution of HIVE's aggressive HPC expansion strategy. Buzz HPC's rapid scale-up reflects strong operational momentum, with over 5,000 cutting-edge GPUs now actively deployed. This milestone not only validates the Company's vision for HPC growth but also reinforces its position as an emerging leader in GPU cloud infrastructure. Executive Commentary Frank Holmes, Co-Founder and Executive Chairman of HIVE, commented: "Our HPC growth has outpaced expectations-from early projections to now reaching $20M in annualized revenue. With approximately 5,000 GPUs powering AI workloads, we believe our GPU cloud business is a high-value asset, potentially worth 10 to 20 times its annualized cash flows." Aydin Kilic, President & CEO of HIVE, stated: "It is a monumental accomplishment for HIVE to reach 10 EH/s, and we are now producing over 5 Bitcoin per day. I am very proud of our team for executing. What is remarkable is we have added approximately 1 EH/s of Bitcoin mining capacity on a weekly basis, exceeding our previous guidance to bring on 1 EH/s every 2 weeks. We have done so consecutively for the last month. Our Country President Gabriel Lamas has been consistently executing on his targets, embodying the high-performance work culture at HIVE." About HIVE Digital Technologies Ltd. HIVE Digital Technologies Ltd. is a pioneering technology company advancing sustainable blockchain and AI infrastructure powered by green energy. As the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has grown into a global leader in digital asset mining and AI computing. With operations in Canada, Sweden, and Paraguay, HIVE continues to innovate while reducing its environmental footprint. For more information, visit or connect with us on: X: On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes"Executive Chairman For further information, please contact: Nathan Fast, Director of Marketing and Branding Frank Holmes, Executive Chairman Aydin Kilic, President & CEO Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new site in Paraguay and its potential, the timing of it becoming operational; business goals and objectives of the Company; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to enter into a binding agreement and complete the acquisition of the Paraguay site on the terms as announced or at all; the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at and The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law. 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Yahoo
12 hours ago
- Business
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Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers Announce Next Phase of $5 Billion Joint Venture Development Partnership
CHESTERFIELD, Va., May 27, 2025 /PRNewswire/ -- Blue Owl Capital managed funds ("Blue Owl"), Chirisa Technology Parks ("CTP"), and PowerHouse Data Centers ("PowerHouse") today announced the closing of a $750 million transaction in their landmark joint venture development partnership. The partnership was launched in August 2024, with capacity to deploy up to $5 billion of capital for turnkey AI/HPC data center developments supporting CoreWeave and other hyperscale and enterprise data center customers. Construction under the program at CTP's 350-acre campus in Chesterfield, VA started in 2024 for an initial 120MW of new critical facilities, with delivery scheduled in 2025 and 2026. The new facilities are cornerstone developments in CoreWeave's rapidly scaling infrastructure footprint. CoreWeave is one of the fastest-growing cloud infrastructure providers for AI workloads. The CTP campus features cutting-edge design standards, purpose-built to support dense GPU clusters and other advanced computing technologies required for large-scale artificial intelligence customers. The campus integrates CTP's proprietary 'direct-on-chip' liquid cooling design, which is almost twice as energy efficient as traditional air-cooled systems. This innovative cooling solution reduces energy consumption and underpins environmentally responsible hyperscale data center operations. CTP and PowerHouse are committed to delivering high-performance infrastructure that aligns with sustainability goals. "This next stage of the partnership between Blue Owl, CTP and PowerHouse represents another groundbreaking transaction focused on rapidly delivering large scale capacity for the AI ecosystem" said Lee Hayes, President & CEO of CTP. Doug Fleit, CEO and Co-founder of PowerHouse, continued, "This closing underscores our partnership's continuum and commitment to building scalable, sustainable, and high-performance digital campuses that support the deployment of AI infrastructure." Located in Chesterfield, VA, the campus facility offers robust access to power, fiber, and a favorable regulatory environment. The project emphasizes sustainability and innovation, integrating advanced cooling systems, high-density compute design, and long-term power procurement strategies aligned with renewable energy goals. "This is another pivotal milestone in our $5 billion strategic partnership with CTP and PowerHouse," said Marc Zahr, Global Head of Real Assets at Blue Owl. "With the closing of this second $750 million tranche, we're delivering on our vision to create foundational infrastructure for the next generation of AI-native cloud companies like CoreWeave." The venture combines PowerHouse and CTP's deep expertise in development, construction and operations, and Blue Owl's financial strength. Together, the consortium is well- positioned to support hyperscale deployments with unmatched speed, efficiency, and scale. About Blue OwlBlue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $273 billion in assets under management as of March 31, 2025, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit About Chirisa Technology ParksChirisa Technology Parks is focused on the rapid delivery of high performance, leading-edge facilities to support hyperscale, HPC and AI customers across North America and Europe. With over 25 years of experience in Digital Infrastructure, CTP and its predecessors have developed, owned, and operated over 40 data center assets focused on large scale enterprise and hyperscale deployments. CTP currently offers over 500,000 SF of purpose-built data center capacity, with a pipeline in excess of 1.6 GW under development in the USA. CTP's bespoke designs and rapid delivery process are focused on high-efficiency, leading-edge deployments. CTP has broad capability to partner and/ or operate critical facilities, offering a strong track record in build-to-suit hyperscale powered shells, HPC and AI-focused high-density deployments, turnkey data center solutions for Cloud customers, and bespoke edge deployments in major metropolitan areas. CTP is dedicated to delivering high technology campuses with a positive impact on the communities and environment in which it operates. About PowerHouse Data CentersPowerHouse Data Centers, fully owned and operated by American Real Estate Partners (AREP), is a pioneering developer and owner of next-generation data centers, providing sophisticated real estate solutions for hyperscalers that meet their market, data, utility, and space demands. Founded in 2021 with a primary focus on Northern Virginia, the world's largest data center market, PowerHouse has strategically expanded into key markets across the United States. Today, PowerHouse is an established leader in world-class data center development with 86 data centers underway or in planning, representing more than 24 million square feet and 6.1 GW in six major markets. PowerHouse owns its land sites, offering flexible next-generation data center models, with unparalleled speed-to-market. As disruptors setting new industry standards, PowerHouse leverages proven leadership, technical expertise, and strategic partnerships to drive innovation. Drawing from valuable real estate and industry relationships, PowerHouse adeptly identifies and transforms land sites, delivering state-of-the-art BTS, powered shell, and full turnkey deployments at scale. PowerHouse's full suite of development services integrates asset strategy, fast-track approvals, infrastructure, on-site power procurement, and sustainable building practices into every project. Visit our newsroom for more information, and follow us on LinkedIn, YouTube, and X. View original content to download multimedia: SOURCE Chirisa Piscataway Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Business
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Schneider Electric and EcoXpert Partner Advanced Power Technology Win 'Data Centre Consolidation / Upgrade Project of the Year' at the DCS Awards 2025
Longstanding partners win prestigious award for their work to deploy an innovative modular data centre at The Pirbright Institute – future proofing computing capacity Delivered ahead of its 12-week schedule, the system meets the Institutes requirement for a scalable, resilient, and energy efficient infrastructure – allowing it to accelerate ground-breaking scientific collaboration and compete for new projects LONDON, May 28, 2025 /PRNewswire/ -- Schneider Electric™, the global leader in energy management and automation, has won the 'Data Centre Consolidation/Upgrade Project of the Year' category at the DCS Awards 2025, alongside its longstanding EcoXpert Partner, Advanced Power Technology (APT). Together, the company's deployed a new modular data centre at The Pirbright Institute, enabling it to stay abreast of new technological advancements, including artificial intelligence (AI) and high-performance computing (HPC), and fast track its scientific and viral research programmes. The new 'Containerised Data Centre (CDC)' met the Institute's requirement for a scalable, resilient, flexible, and energy efficient infrastructure system that would ensure the highest levels of availability and continuity. "We are delighted to accept this award, which reflects our continued commitments to efficiency, innovation, and partner collaboration in the digital infrastructure sector," said Mark Yeeles, Vice President, Secure Power Division, Schneider Electric UK and Ireland. "This award further vindicates the role of data centres as the fourth utility and a vital part of life science research, and we're glad to be recognised alongside our trusted partners at APT for our work together at The Pirbright Institute." "We're proud to be recognised by the DCS Awards for our work to develop a new modular data centre at The Pirbright Institute, in partnership with Schneider Electric," said John Andrew, Solution Architect, Advanced Power Technology. "The new containerised facility provides Pirbright with a secure, flexible and scalable solution – enabling its users to conduct world-leading research, while supporting future technology evolutions." Future proofing research The Pirbright Institute is at the forefront of global viral research, operating as one of the UK's leading virus diagnostics and surveillance centres. As a world-leading centre of excellence it conducts research into the control and surveillance of virus diseases of farm animals, and viruses that spread from animals to humans. In recent years, it has undergone significant digital transformation, and as part of that process, leveraged an advanced data centre solution from APT and Schneider Electric to enable new levels of scientific collaboration – all while adhering to strict data sovereignty, storage, resiliency, and security standards. Due to the mission-critical nature of its research, and the need to provide continuity of service during any modernisation projects, the Institute had to identify a new strategy to build out its infrastructure to support future technological requirements for HPC and AI. First seeking a strategy to modernise its legacy IT and comms rooms and deploy them away from its existing buildings, it began to explore the benefits of a containerised data centre and engaged with APT to design and specify its new critical infrastructure system. As such, the Institute's new 'Containerised Data Centre (CDC)' uses key components from Schneider Electric's EcoStruxureä for Data Centres solutions portfolio, enabling APT to pre-configure its design and pre-test the solution off-site for faster deployment. The project was delivered in three phases and within a strict timeline of 12-weeks, ensuring minimal impact on the Institute's business and critical applications. With the containerised system at its core, Pirbright's infrastructure is future-proofed for new evolutions in high-tech research equipment such as sequencers, and diamond-light processes for virus analysis that can generate data sets of 700GB each. In turn, this allows them to leverage new advancements in HPC, AI and GPU-powered computing, enabling them to identify breakthroughs in viral research at a far faster rate. The approach has allowed The Pirbright Institute to bring its IT infrastructure in line with its development plans, ensuring it retains its place as the UK's foremost centre of excellence in research and surveillance of viral diseases. Furthermore, it has the flexibility and capacity to support scientists and researchers as they leverage state-of-the-art laboratories, and the specialised requirements of high-tech virology, HPC, and the vast data it produces – enabling it to further fast-track its knowledge and contributions to global health and welfare for animals with a solid IT foundation on which to develop ground-breaking research for decades to come. For more information: Download the case study. About Schneider Electric Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitalization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all. Follow us on: X | Facebook | LinkedIn | YouTube | Instagram | Blog Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on Schneider Electric Insights. Logo: View original content: SOURCE Schneider Electric Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
