HIVE Digital Technologies Surges Past 16 EH/s, Accelerating Towards 25 EH/s with Paraguay Expansion and Next-Generation Mining Equipment
HIVE Digital Technologies Ltd. (NASDAQ: HIVE, TSX.V: HIVE), a global leader in sustainable digital infrastructure, has announced a significant milestone, surpassing 16 Exahashes per second (EH/s) of global Bitcoin mining hashrate. This achievement marks substantial progress toward the company’s ambitious target of reaching 25 EH/s by U.S. Thanksgiving. The rapid expansion, primarily driven by its operations in Paraguay, has also doubled HIVE’s daily Bitcoin production to over 8 BTC since May 2025, underscoring the company’s impressive growth trajectory and commitment to operational excellence.
HIVE Achieves Major Hashrate Milestone and Production Surge
The latest announcement confirms HIVE’s continued scaling of its digital infrastructure. Having previously reported exceeding 15 EH/s in early August, the company has now pushed its global operating hashrate to 16 EH/s. This surge in computational power directly translates to increased Bitcoin output, effectively doubling daily production from May levels to over 8 BTC. At current market conditions, with a Bitcoin price of $113,000 and a network difficulty of 129T, HIVE anticipates achieving a competitive mining margin of approximately 60% after electrical costs. This is largely attributed to its fleet efficiency, expected to operate around 18.4 Joules per Terahash (J/TH) as its Paraguay operations fully energize.
Paraguay Expansion Fuels Growth and Efficiency
The cornerstone of HIVE’s current expansion is its strategic investment in Paraguay, leveraging the nation’s abundant and low-cost hydroelectric power. The company is deploying next-generation Bitmain S21+ Hydro miners, renowned for their efficiency and advanced hydro-cooling systems, at its Yguazú site as part of Phase 2. Over 5 EH/s of these advanced miners are already operational, with new equipment arriving weekly. HIVE’s Chief Operating Officer, Luke Rossy, highlighted the team’s “precision execution at scale” in Paraguay, noting the relentless work to install new machines rapidly under the leadership of Country President Gabriel Lamas. Following the completion of Phase 2 at Yguazú, HIVE expects to reach a global hashrate of 18 EH/s in the coming weeks. The next critical step involves commencing Phase 3 deployment at the Valenzuela site in September, which represents the final stage of HIVE’s fully funded plan to reach its 25 EH/s objective by year-end.
Driving Efficiency and Economic Advantages
HIVE’s strategic focus on advanced mining equipment, such as the Bitmain S21+ Hydro, is central to its strategy for enhanced efficiency and profitability. These latest-generation ASICs are designed to generate significantly more hashrate per unit of energy consumed, thereby improving unit economics and revenue generation. The company is targeting a global fleet efficiency of approximately 17.5 J/TH upon reaching its 25 EH/s goal. At this capacity, HIVE projects its daily Bitcoin production to reach 12 BTC per day, which would represent nearly 3% of the global supply at current network difficulty. This commitment to operational efficiency, powered by Paraguay’s reliable and green energy infrastructure, is crucial for maintaining robust mining margins, especially in the post-halving environment where optimizing operational costs is paramount.
Industry Trends and HIVE’s Strategic Positioning
HIVE’s expansion occurs amidst a trending shift in the digital asset mining industry towards greater efficiency and the adoption of cutting-edge tools and equipment. In an era where diverse industries, from advanced manufacturing to the cannabis sector, are driven by innovation and the need for specialized technological solutions, HIVE Digital Technologies is showcasing the power of advanced hardware and strategic growth. The successful deployment of energy-efficient tools and equipment, such as their next-generation ASICs, is critical for competitive advantage and maximizing profitability. This latest news underscores HIVE’s robust execution and forward-looking strategy, positioning it as a leader in the global Bitcoin mining landscape. The company’s consistent growth also reflects broader industry trends of reinvestment in fleet upgrades and energy optimization to maintain profitability in a dynamic market. HIVE also continues to diversify its revenue streams, notably through its growing AI computing services business.
Conclusion
With its successful push past the 16 EH/s mark and a clear path toward its 25 EH/s target by U.S. Thanksgiving, HIVE Digital Technologies is solidifying its position as a major force in Bitcoin mining. The company’s strategic expansion in Paraguay, fueled by efficient, next-generation mining equipment and a commitment to renewable energy, positions it for continued growth and profitability in a competitive market. This development represents a significant achievement for HIVE, highlighting its disciplined capital allocation, operational prowess, and strategic vision in the rapidly evolving digital infrastructure industry.
