HIVE Digital Technologies Surpasses 13 EH/s Milestone, Achieves $300 Million ARR and Targets $550 Million by 2025.

HIVE Digital Technologies has surpassed 13 EH/s in global Bitcoin mining hashrate, achieving $300 million in annualized run-rate revenue with 55% profit margins. The company aims to reach 25 EH/s by Thanksgiving 2025, projecting $550 million ARR. HIVE's expansion is funded and will employ high-efficiency miners to reduce production costs. The company's renewable energy initiative utilizes hydroelectric power, solidifying its position as a leader in sustainable digital infrastructure.

HIVE Digital Technologies (NASDAQ: HIVE) has achieved a significant milestone by surpassing 13 Exahash per second (EH/s) in global Bitcoin mining hashrate, mining over 6.5 Bitcoin daily. This growth is driven by Phase 2 deployment at their Yguazú, Paraguay facility, where over 2 EH/s of next-generation Bitmain S21+ Hydro ASIC miners are operational. The company has reached $300 million in annualized run-rate revenue (ARR) with 55% profit margins. HIVE projects reaching 18 EH/s by August 2025 and 25 EH/s by Thanksgiving 2025, potentially generating $400 million ARR and $550 million ARR respectively, with mining margins approaching 60%. The expansion is fully funded and utilizes efficient Bitmain S21+ Hydro miners with 15 J/TH efficiency.

The company's recent achievements highlight its strategic focus on scaling and efficiency. The deployment of the Bitmain S21+ Hydro miners in Phase 2 at Yguazú, Paraguay, has significantly contributed to this growth. The company aims to reach 18 EH/s by the end of August 2025, which is expected to generate approximately $400 million in ARR. Furthermore, HIVE projects reaching 25 EH/s by Thanksgiving 2025, potentially generating $550 million in ARR, with mining margins approaching 60%.

HIVE's expansion strategy is fully funded and utilizes high-efficiency miners, which will help reduce production costs. The company's renewable energy initiative, which uses hydroelectric power, solidifies its position as a leader in sustainable digital infrastructure. This focus on sustainability and efficiency is crucial for the long-term success of the company.

The company's Chief Operating Officer, Luke Rossy, stated, "Our climb to 13 EH/s is the result of researched planning and focused execution across the organization. Every Exahash of the latest high-efficiency Bitmain S21+ ASIC miners we add is expected to reduce unit costs, thereby expanding margins, and amplifying the value of every Bitcoin earned by the Company through its hashpower." This statement underscores the company's commitment to operational excellence and cost-effectiveness.

HIVE's President and CEO, Aydin Kilic, commented, "We believe that HIVE's 13 EH/s is just the beginning. With infrastructure and power already secured, increased hashpower represents accretive growth and operational readiness." This statement highlights the company's optimism about its future growth prospects.

In conclusion, HIVE Digital Technologies' achievement of surpassing 13 EH/s in global Bitcoin mining hashrate is a significant milestone. The company's strategic focus on scaling, efficiency, and sustainability positions it as a leader in the digital infrastructure sector. As HIVE continues to expand its operations, it is poised to generate substantial revenue and profit margins, making it an attractive investment opportunity for financial professionals and investors.

References:
[1] https://www.stocktitan.net/news/HIVE/hive-digital-technologies-surpasses-13-eh-s-as-scalable-growth-and-7p1bvv391ebo.html