- HIVE Digital Technologies (HIVE, Financial) has increased its Bitcoin mining hashrate by 10%, reaching 7.3 EH/s in April 2025.
- The company produced 102 Bitcoin in April 2025, averaging 3.4 BTC daily.
- HIVE is on a fast-paced expansion trajectory, aiming for a hashrate of 18 EH/s by the end of summer 2025.
HIVE Digital Technologies Ltd. (HIVE), a leader in sustainable digital infrastructure, reported a significant increase in its Bitcoin mining operations. As of April 2025, the company’s global hashrate reached 7.3 EH/s, up 10% from the previous month’s 6.6 EH/s. This growth was fueled by the completion of their first 100 MW hydro-powered facility in Paraguay.
In April, HIVE produced 102 Bitcoin, averaging 3.4 BTC per day. The company's mining efficiency was measured at 15.8 BTC per Exahash with a fleet efficiency of 20.7 joules per terahash. The completion of the first phase in Paraguay marks a pivotal step, with further expansion planned to achieve 11.5 EH/s by June 2025 and 18 EH/s by summer's end.
HIVE's strategic developments include the rapid deployment of new hardware, adding approximately 1 EH/s of capacity every two weeks. The implementation of Bitmain S21+ Hydro ASIC miners in the upcoming Phase 2 expansion is expected to significantly boost their global capacity.
The company has also raised C$96.9 million ($67.4 million) through an at-the-market (ATM) offering, issuing 25.2 million shares at an average price of C$3.84 each. This funding is earmarked for equipment purchases and further expansion, including developments at their Valenzuela site, targeting a global operational scale exceeding 25 EH/s by the end of the year.
With Bitcoin prices currently above $100,000, HIVE's production capacity expansion positions the company to capitalize on favorable market conditions, aiming to produce six Bitcoin per day by June 2025.
