HIVE Digital CFO says green energy isn’t a trend — it’s a responsibility originally appeared on TheStreet.
At the Bitcoin 2025 conference, HIVE Digital Technologies CFO Darcy Daubaras sat down with TheStreet Roundtable to explain why the company’s commitment to renewable energy isn’t about marketing — it’s about identity.
“It wouldn’t feel right as a publicly traded company for us to use dirty energy, whether it’s coal or anything like that,” Daubaras said.
HIVE, one of the first publicly listed crypto mining firms, has long marketed its use of green power. But Daubaras stressed it’s not just optics. The company’s founders embedded environmental responsibility into HIVE’s mission from the start.
Transparency and investor trust
Daubaras said that being a public company adds another layer of responsibility, especially around sustainability and transparency.
“We have to be careful,” he added, “because using nonrenewable power sources could conflict with our long-term vision and damage investor trust.”
That trust is becoming even more critical as ESG (Environmental, Social, and Governance) scrutiny ramps up in global markets. Crypto mining, with its high electricity demands, is often in the crosshairs. But Daubaras dismissed the notion that ESG is just a buzzword.
More than a buzzword
HIVE’s strategy is grounded in real-world impact. Instead of drawing from strained grids, the company focuses on renewable energy that would otherwise be wasted.
“Bitcoin mining requires huge amounts of electricity,” he said. “But we choose to use energy that would otherwise go to waste.”
By relying on renewable sources, HIVE believes it can remain both profitable and socially responsible — a balance that’s becoming increasingly important for investors and regulators alike.
Paraguay expansion taps ‘stranded energy’
HIVE’s recent growth in Paraguay underscores that mission. Last July, the company secured its first 100 megawatts of hydroelectric power. Then, it took over an almost-complete project that added another 200 megawatts to its capacity.
Daubaras said the move allows HIVE to scale affordably while using power that isn’t being utilized by the local grid. This so-called “stranded energy” offers a win-win: miners can keep costs low, and energy producers can monetize excess supply.
“We’re not taking electricity away from the communities. We’re not causing blackouts,” he emphasized. “We’re actually doing the opposite. What we can do is help to balance the grid and help to put money into the local ecosystem so they can build their infrastructure and help all the communities that we operate in.”
Story ContinuesLooking ahead, Daubaras said HIVE remains committed to scaling its operations around the world without compromising its values.
“We believe that green-focused, careful growth is what will help us — and Bitcoin — thrive over the long term,” he said.
HIVE Digital CFO says green energy isn’t a trend — it’s a responsibility first appeared on TheStreet on Jun 5, 2025
This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared.
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HIVE Digital CFO says green energy isn’t a trend — it’s a responsibility
HIVE Digital CFO says green energy isn’t a trend — it’s a responsibility originally appeared on TheStreet.
At the Bitcoin 2025 conference, HIVE Digital Technologies CFO Darcy Daubaras sat down with TheStreet Roundtable to explain why the company’s commitment to renewable energy isn’t about marketing — it’s about identity.
“It wouldn’t feel right as a publicly traded company for us to use dirty energy, whether it’s coal or anything like that,” Daubaras said.
HIVE, one of the first publicly listed crypto mining firms, has long marketed its use of green power. But Daubaras stressed it’s not just optics. The company’s founders embedded environmental responsibility into HIVE’s mission from the start.
Transparency and investor trust
Daubaras said that being a public company adds another layer of responsibility, especially around sustainability and transparency.
“We have to be careful,” he added, “because using nonrenewable power sources could conflict with our long-term vision and damage investor trust.”
That trust is becoming even more critical as ESG (Environmental, Social, and Governance) scrutiny ramps up in global markets. Crypto mining, with its high electricity demands, is often in the crosshairs. But Daubaras dismissed the notion that ESG is just a buzzword.
More than a buzzword
HIVE’s strategy is grounded in real-world impact. Instead of drawing from strained grids, the company focuses on renewable energy that would otherwise be wasted.
“Bitcoin mining requires huge amounts of electricity,” he said. “But we choose to use energy that would otherwise go to waste.”
By relying on renewable sources, HIVE believes it can remain both profitable and socially responsible — a balance that’s becoming increasingly important for investors and regulators alike.
Paraguay expansion taps ‘stranded energy’
HIVE’s recent growth in Paraguay underscores that mission. Last July, the company secured its first 100 megawatts of hydroelectric power. Then, it took over an almost-complete project that added another 200 megawatts to its capacity.
Daubaras said the move allows HIVE to scale affordably while using power that isn’t being utilized by the local grid. This so-called “stranded energy” offers a win-win: miners can keep costs low, and energy producers can monetize excess supply.
“We’re not taking electricity away from the communities. We’re not causing blackouts,” he emphasized. “We’re actually doing the opposite. What we can do is help to balance the grid and help to put money into the local ecosystem so they can build their infrastructure and help all the communities that we operate in.”
Story ContinuesLooking ahead, Daubaras said HIVE remains committed to scaling its operations around the world without compromising its values.
“We believe that green-focused, careful growth is what will help us — and Bitcoin — thrive over the long term,” he said.
HIVE Digital CFO says green energy isn’t a trend — it’s a responsibility first appeared on TheStreet on Jun 5, 2025
This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared.
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