HIVE Digital Targets Doubled Bitcoin Output

HIVE Digital Technologies is significantly scaling its Bitcoin mining operations, projecting a doubling of output by the fourth quarter of 2025. This expansion is primarily fueled by the activation of their new 100 MW hydroelectric-powered facility in Paraguay.

Key Highlights

• Hashrate Surge: HIVE achieved a peak hashrate of 10.4 EH/s in May 2025, a 58% increase from April's 6.6 EH/s.
• Increased Production: In May, HIVE mined 139 BTC, averaging 4.5 BTC per day.
• Efficiency: Mining efficiency remained at approximately 20 joules/terahash (J/TH).
• Ambitious Goals: HIVE aims to reach 11.5 EH/s by the end of June and 25 EH/s by Q4 2025, projecting a daily production of over 12 BTC.
• Cost Reduction: The company anticipates dropping its Bitcoin production cost to under $50,000 per coin.
• Rapid Deployment: HIVE emphasizes its ability to deploy new ASIC miners within six hours of arrival.
• Sustainable Power: Operations are powered by 100% hydroelectricity across nine time zones, representing over 1% of the total Bitcoin network hashrate.
• Dual Strategy: HIVE combines Bitcoin mining with high-performance computing (HPC) through Buzz, aiming to generate record cash flow.

Key Takeaways

HIVE's aggressive expansion strategy, leveraging sustainable energy and efficient deployment, positions them to capitalize on the strengthening Bitcoin market. Their ability to lower production costs significantly could be a crucial advantage amidst increasing network difficulty.