HIVE's Green Push Powers 22% Bitcoin Surge in August

The expansion of public Bitcoin mining operations has been significantly driven by HIVE Digital Technologies Ltd., Bitdeer, and Cipher, with HIVE reporting a 22% increase in Bitcoin production in August 2025. This surge in output is attributed to the company’s ongoing expansion in Paraguay and the commissioning of new mining infrastructure. HIVE’s production reached 247 BTC in August, up from 203 BTC in July, with an average daily output of 8 BTC/day. The company’s hashrate averaged 16.3 EH/s during the month, peaking at 18.1 EH/s. This performance places HIVE at an estimated 2.5–3% of the global Bitcoin mining network, operating at ~17.5 J/TH efficiency.

The progress is part of HIVE’s larger strategic initiative to scale its mining capacity. With Phase 2 of the Yguazú Project completed, the company now exceeds 18 EH/s of global mining capacity, generating over 8.5 BTC per day using renewable hydroelectric energy. The company is also advancing its 100 MW Phase 3 Valenzuela site, where construction has reached substantial completion. Deployment of ASICs has begun, with the first six Bitmain S21+ Hydro containers operational. This marks the third 100 MW of green energy infrastructure in Paraguay and positions HIVE closer to its target of 25 EH/s by U.S. Thanksgiving 2025.

HIVE’s management emphasized the significance of these milestones in the competitive Bitcoin mining landscape. Frank Holmes, Co-Founder and Executive Chairman, noted the company's capacity has grown by 200% since the beginning of 2025, underscoring its operational execution across diverse geographies. Aydin Kilic, President & CEO, highlighted the success of the Valenzuela site and expressed confidence in achieving the 25 EH/s target. Darcy Daubaras, CFO, explained that hashrate expansions and daily Bitcoin production are crucial indicators for investors, as they directly influence revenue potential in a capital-intensive market. The company’s commitment to transparency and timely disclosure of these milestones is seen as essential for maintaining investor confidence.

The economic model of HIVE's operations is supported by predictable costs due to fixed-rate hydroelectric power and minimal incremental labor expenses. As each incremental exahash contributes to daily Bitcoin production and revenue, HIVE’s growth trajectory aligns with its strategic objectives. Power expenses are proportional to hashrate and machine usage, and the company has demonstrated the ability to maintain consistent performance despite network difficulty and Bitcoin price fluctuations. The company anticipates that reaching its target hashrate will significantly enhance its position within the Bitcoin network and contribute to long-term value creation for shareholders.

Looking ahead, HIVE expects its expansion in Paraguay to drive continued growth. Each additional exahash adds to the company’s daily production and revenue potential, reinforcing its role in the Bitcoin ecosystem. With ongoing deployment of additional units scheduled in the coming weeks and further infrastructure developments planned, HIVE is well positioned to maintain its expansion pace. The company’s focus on sustainability and green energy leadership further strengthens its operational model and aligns with broader industry trends toward environmentally responsible mining operations.