- HIVE Digital Technologies (HIVE, Financial) achieved a 58% month-over-month increase in peak hashrate, reaching 10.4 EH/s in May 2025.
- The company is on track to achieve a hashrate of 25 EH/s by Q4 2025, with the potential to produce over 12 BTC daily.
- HIVE utilizes 100% hydroelectric power, demonstrating environmental sustainability and efficiency.
HIVE Digital Technologies Ltd. (HIVE), a leader in sustainable digital infrastructure, has reported a substantial enhancement in its Bitcoin mining operations by achieving a peak hashrate of 10.4 Exahash per second (EH/s) in May 2025, marking a 58% increase from 6.6 EH/s in April. This rapid growth comes after the initiation of a 100 MW hydro-powered facility in Paraguay, reinforcing HIVE's commitment to renewable energy.
In May, HIVE mined 139 bitcoins (BTC), maintaining an average production rate of 4.5 BTC per day and a fleet efficiency of approximately 20 J/TH. This performance positions HIVE among the top miners leveraging sustainable energy solutions. With operations spanning nine time zones and powered entirely by hydroelectric energy, HIVE continues to set benchmarks in environmentally friendly mining.
Looking forward, HIVE aims to expand its hashrate capacity to 11.5 EH/s by the end of June 2025 and has set an ambitious target of 25 EH/s by Q4 2025. This expansion could allow daily Bitcoin production to exceed 12 BTC, with production costs projected to be less than $50,000 per Bitcoin, assuming the current network difficulty of 127T. HIVE's rapid deployment capabilities enable new ASIC miner installations within six hours, underscoring the operational efficiency of its dual-engine model that integrates Bitcoin mining with its Buzz HPC cloud division.
HIVE's strategic use of 100% hydroelectric power across its global operations not only aligns with sustainability goals but also provides a competitive edge in reducing operational costs compared to traditional, fossil-fuel-driven mining processes.
The company's forward-thinking approach in expanding high-efficiency, renewable-powered data centers highlights its pivotal role in the evolving digital finance landscape. As HIVE progresses toward its expansion goals, it sets a precedent for scalability and green energy utilization in the competitive cryptocurrency mining industry.
