Bitcoin News Today: HIVE Surpasses 16 EH/s as Paraguay Expansion Drives Bitcoin Output to 8 BTC Per Day

HIVE Digital Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: YO0) has officially surpassed 16 Exahash per second (EH/s) of global hashrate, a significant step toward its goal of 25 EH/s by U.S. Thanksgiving [1]. The company, which operates a global network of data centers in Canada, Sweden, and Paraguay, has more than doubled its Bitcoin production since May 2025, now producing over 8 BTC per day [1].

The rapid deployment of mining infrastructure in Paraguay has been a major driver of this growth. According to Chief Operating Officer Luke Rossy, HIVE’s team has been executing large-scale expansion with remarkable speed and precision. Over 5 EH/s of Bitmain S21+ Hydro miners have already been activated at the Yguazú site in Phase 2, with new machines arriving weekly and being installed continuously [1]. Under the leadership of Paraguay Operations Country President Gabriel Lamas, the team is working around the clock to maintain this momentum.

Phase 3 deployment at the Valenzuela site is set to begin in September, marking the final stage of HIVE’s fully funded path to 25 EH/s. At that point, the company estimates its daily Bitcoin output will reach approximately 12 BTC per day, assuming current network difficulty remains stable [1]. HIVE’s fleet efficiency is currently at approximately 17.5 J/TH, reflecting its commitment to low-cost, high-efficiency operations [1]. The company’s ability to achieve these metrics highlights the strategic advantages of its renewable energy-powered infrastructure and the use of advanced ASIC technology.

According to President and CEO Aydin Kilic, the company is on track to reach 18 EH/s in the coming weeks after scaling from 6 EH/s to 16 EH/s this year. “With clean, green energy and operational funding in place, our focus remains on building resilient, decentralized infrastructure that secures the future of Bitcoin while generating robust, lasting cash flow for our shareholders,” Kilic said [1].

HIVE’s expansion is also driving improvements in its unit economics. As of August 2025, the company’s global fleet efficiency is projected to improve to approximately 18.4 J/TH once Phase 2 in Paraguay is fully completed. At current Bitcoin price levels and difficulty metrics, this efficiency translates to a mining margin of approximately 60% after electrical costs [1]. The company notes that electricity accounts for 80–90% of operational costs, making energy efficiency a critical determinant of profitability.

The transparency of the Bitcoin mining industry allows for precise economic forecasting. Miners can calculate the value of each incremental EH/s based on public network data such as difficulty and block rewards. At a network difficulty of 129T, one EH/s produces approximately 0.50 BTC per day, including both block and transaction rewards [1]. This mathematical clarity distinguishes Bitcoin mining from many other industries and provides a reliable framework for evaluating growth and profitability [1].

Founded in 2017, HIVE Digital Technologies is a leader in sustainable blockchain and AI infrastructure, operating with a strong focus on renewable energy and operational excellence. With global sites in Canada, Sweden, and Paraguay, the company continues to scale its operations while maintaining its commitment to environmental responsibility and shareholder value [1].

As HIVE advances toward its 25 EH/s target, the company is demonstrating the power of disciplined capital allocation, strategic deployment, and operational efficiency in the rapidly evolving digital infrastructure landscape [1].

Source: [1] HIVE Digital Technologies Crosses 16 EH/s, Marching Toward 25 EH/s as Expansion in Paraguay Powers Forward (https://coinmarketcap.com/community/articles/68ac341a3bde1258f425f374/)