Hive Digital Exceeds 16 EH/s Milestone, Aims for 25 EH/s by Q4.

Hive Digital has surpassed 16 EH/s and aims to reach 25 EH/s by Q4, resulting in a daily Bitcoin output of 8 BTC and doubling production since May 2025. The company is deploying next-generation Bitmain S21+ hydro miners in Phase 2 of its expansion in Yguazú, Paraguay, and plans to deploy ASIC miners at the Phase 3 Valenzuela site in September.

HIVE Digital Technologies (NASDAQ: HIVE) has achieved a significant milestone by surpassing 16 Exahash per second (EH/s) of global Bitcoin mining hashrate. This marks a substantial increase from the company's May 2025 output, with daily Bitcoin production exceeding 8 BTC. The company aims to reach its target of 25 EH/s by U.S. Thanksgiving, a goal that would nearly triple its current hashrate.

The expansion in Paraguay, particularly in Phase 2 at Yguazú, is a key driver of this growth. Over 5 EH/s of next-generation Bitmain S21+ Hydro miners are already operational, with new machines arriving weekly. The company expects to reach 18 EH/s in the coming weeks and plans to deploy ASIC miners at the Phase 3 Valenzuela site in September. At 25 EH/s, HIVE projects daily Bitcoin production of 12 BTC, representing nearly 3% of the global supply at current network difficulty.

HIVE's mining margin after electrical costs is projected to be approximately 60%, operating at a fleet efficiency of 18.4 Joules per Terahash (J/TH). This efficiency is a key factor in understanding the profitability of HIVE's operations, as electricity is its primary cost. With Bitcoin price at $113,000 and network difficulty at 129T, the Bitcoin network hash price is approximately $55 per Petahash (PH/s) per day.

The company's focus on scaling and energy efficiency is evident in its deployment strategy. The latest generation ASICs allow HIVE to improve unit economics by generating more hashrate per joule of energy consumed, without additional labor or corporate overhead. This approach is central to HIVE's growth strategy, which aims to build resilient, decentralized infrastructure while generating robust cash flow for shareholders.

HIVE Digital Technologies Ltd., founded in 2017, builds and operates sustainable blockchain and AI infrastructure data centers, powered exclusively by renewable hydroelectric energy. With a global footprint in Canada, Sweden, and Paraguay, the company is committed to operational excellence and green energy leadership.

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[1] https://www.stocktitan.net/news/HIVE/retransmission-hive-digital-technologies-crosses-16-eh-s-marching-i414kcojrdd4.html