HIVE's Bitcoin mining output set to double soon

HIVE's Bitcoin mining output set to double soon originally appeared on TheStreet.

HIVE Digital Technologies Ltd. has announced key developments in Bitcoin mining, reporting a total peak of 10.4 exahashes per second (EH/s), achieved in May 2025. This represents a 58% increase from the peak of 6.6 EH/s in April.

This month-to-month increase in HIVE's peak hashrate was driven by the activation of our new 100 MW facility powered by hydro power in Paraguay, reinforcing HIVE's incentive to invest in sustainable, high-efficiency energy mining.

In May, HIVE mined 139 BTC, or approximately 4.5 BTC per day while maintaining the fleet's overall mining efficiency of roughly 20 joules/terahash (J/TH), leading Executive Chairman Frank Holmes to say they are set to reach 11.5 EH/s by the end of June, and get 25 EH/s by Q4 2025 which would result in producing over 12 BTC daily while dropping costs to under $50,000 per coin—a critical threshold given the following network difficulty increase.

HIVE Executive Chairman Frank Holmes stated that the firm deploys new ASIC miners "within six hours" of their arrival, converting hardware to cash flow at "lightning speed." HIVE CEO Aydin Kilic noted that the speed at which HIVE's team deploys will put them "well ahead of schedule" for their mid-year targets.

The company noted that its global operations, powered by 100% hydroelectricity and spanning nine time zones, now represent "more than 1% of the total Bitcoin network hashrate." With its dual model of Bitcoin mining and high-performance computing (HPC) through Buzz, the company is also generating record cash flow.

With the BTC market strengthening, HIVE's ambitious scaling might put it in a position to remain a powerhouse in the next wave of increased dominance of Bitcoin mining.

HIVE's Bitcoin mining output set to double soon first appeared on TheStreet on Jun 9, 2025

This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared.

View Comments