- HIVE Digital Technologies (HIVE, Financial) exceeds 8.3 EH/s Bitcoin mining hashrate, advancing toward its 25 EH/s target by Q4 2025.
- Fully funded ASIC orders aim to reach 18 EH/s by Q3 2025; strategic use of Bitcoin treasury supports growth.
- Projected daily revenue of nearly $1 million with Bitcoin above $100,000 at 18 EH/s mining rate.
HIVE Digital Technologies Ltd. (HIVE) has achieved a significant milestone in its expansion plan by surpassing an 8.3 EH/s Bitcoin mining hashrate. This accomplishment is part of HIVE's strategic growth toward a 25 EH/s target by the fourth quarter of 2025. The company's recent completion of its first 100 MW hydro-powered facility in Paraguay has been instrumental in this rapid growth.
HIVE has fully funded its ASIC orders to reach a hashrate of 18 EH/s by the third quarter of 2025. The company utilized its Bitcoin treasury to secure next-generation mining equipment through a strategic agreement, allowing for the purchase of these assets without significant cash outlay or equity dilution.
As part of its continued expansion, HIVE anticipates that mining at 18 EH/s will enable the production of approximately 10 Bitcoin per day. With Bitcoin prices projected to rise over $100,000, HIVE could potentially achieve daily revenues close to $1 million.
The company is also working on improving its operational efficiency, targeting a decrease in production costs by 10-20% by autumn 2025. HIVE plans to enhance its fleet's efficiency to reach 19 J/TH by summer 2025, leveraging lower global average energy prices.
In alignment with these objectives, HIVE intends to ramp up its infrastructure with an additional 100 MW facility in Paraguay by summer, which will support further growth to 18 EH/s. Moreover, a third 100 MW facility in Paraguay is scheduled to become operational by the last quarter of 2025, setting the stage for the company to achieve its 25 EH/s goal.
HIVE currently holds 610 BTC in its treasury and continues to commit to sustainable growth, using green energy to bolster its capacity. This strategic approach positions HIVE as a leader in digital asset mining and AI computing, reducing its environmental footprint while creating long-term value for shareholders.
