HIVE Digital Technologies has achieved a new operational milestone by surpassing 10 Exahash per second (EH/s) of Bitcoin mining capacity, accelerating its expansion in Paraguay’s energy-rich region. This strategic growth positions the company to reach its ambitious 25 EH/s target by late 2025, leveraging sustainable hydroelectric power in South America.
The company’s latest achievement follows rapid infrastructure development at its 100 MW Yguazú facility, where newly deployed Bitmain S21 Pro ASIC miners have increased computational power by 42% since April 2025. HIVE’s operational update reveals daily Bitcoin production now exceeds 5.6 BTC at current network difficulty levels, valued at approximately $560,000 based on Bitcoin’s recent price above $100,000.
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HIVE’s Hashrate Expansion Strategy
The company’s growth roadmap shows aggressive scaling:
- 11.5 EH/s by June 2025
- 18 EH/s by Q3 2025
- 25 EH/s target for Q4 2025
This expansion is funded through HIVE’s Bitcoin treasury strategy, which converted 610 BTC reserves at $87,000/BTC into next-generation mining hardware. The move follows successful deployment of 23,000 ASIC units in Paraguay’s Itaipu Dam region, where electricity costs average $0.045/kWh.
Paraguay’s Renewable Energy Advantage
HIVE’s South American operations now account for 68% of total hashrate, benefiting from:
| Factor | Advantage |
|---|---|
| Energy Cost | $0.045/kWh (vs $0.07 North America) |
| Carbon Intensity | 0.018 kgCO2/kWh (94% below industry avg) |
The Yguazú facility’s second phase will add 50 MW capacity by August 2025, enabling HIVE to host 38,000 ASICs. Company executives project 10-20% reduction in production costs through improved miner efficiency and Paraguay’s rainy season hydro surplus.
Market Impact and Industry Trends
HIVE’s growth mirrors Bitcoin mining’s geographical shift toward renewable energy sources. The company’s stock (NASDAQ: HIVE) has gained 27% YTD, outperforming the Valkyrie Bitcoin Miners ETF’s 19% increase. Analysts note HIVE’s Paraguay expansion could set new benchmarks for sustainable cryptocurrency mining in emerging markets.
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- Hashrate
- A measure of computational power in Bitcoin mining, expressed in exahashes per second (EH/s).
- ASIC
- Application-Specific Integrated Circuit – specialized hardware optimized for Bitcoin mining efficiency.
- Hydro-powered Mining
- Cryptocurrency mining operations using electricity generated from water-powered turbines.
