Rapid Growth in Hashrate Capacity
HIVE Digital Technologies has achieved a peak hashrate capacity of 10.4 EH/s in May 2025, marking a significant 58% increase from April’s 6.6 EH/s. This surge was primarily fueled by a new 100-megawatt hydro-powered site in Paraguay, signaling HIVE’s commitment to rapid, sustainable expansion in the Bitcoin mining space.
This milestone positions HIVE among the top global mining firms, surpassing 1% of the total Bitcoin network hashrate.
Paraguay: A Strategic Powerhouse
The Paraguayan facility has become central to HIVE’s growth strategy. Powered entirely by renewable hydroelectric energy, it reflects a wider industry trend of shifting to green energy sources in low-cost regions.
The move helps reduce operational costs and aligns with rising environmental expectations from investors and regulators.
Strong Performance and Efficiency
In May, HIVE mined 139 BTC, averaging 4.5 BTC per day. The company maintained a fleet efficiency of approximately 20 joules per terahash (J/TH), a competitive level for large-scale miners.
With upgrades ongoing, HIVE aims to mine over 12 BTC daily by Q4 2025, targeting a production cost below $50,000 per bitcoin.
Ambitious Year-End Targets
HIVE’s leadership has announced a bold expansion goal: achieving 25 EH/s by the end of 2025. CEO Aydin Kilic highlighted a target of 18 EH/s this summer, supported by continuous deployment of next-generation ASIC miners and infrastructure optimization.
The company is not only scaling Bitcoin mining but also diversifying through its Buzz HPC division, which supports AI cloud computing services.
Global Operations Powered by Clean Energy
HIVE operates across Canada, Sweden, and Paraguay, with all sites running on 100% hydroelectric power. This model allows the firm to maintain sustainability while aggressively scaling output.
As one of the earliest publicly traded crypto miners since 2017, HIVE continues to lead in innovation and environmental responsibility.
Market Response
Following the update, HIVE shares rose by 13% as of Friday, reflecting investor optimism amid Bitcoin’s price jump above $105,000.
HIVE’s consistent growth, green energy model, and ambitious roadmap place it at the forefront of institutional-grade Bitcoin mining in 2025.