At Bitcoin 2025 in Las Vegas, industry leaders gathered to discuss digital asset infrastructure, finance, and current mining strategy. As part of this dialogue, HIVE Digital Technologies had the opportunity to share our journey and insights in an in-depth interview with John O’Connell, VP of Cryptoworth.
The conversation, now published on the Cryptoworth blog, covers our approach to scaling responsibly, building sustainable mining infrastructure, and managing Bitcoin on our balance sheet with precision.
👉 Read the full interview on Cryptoworth’s blog
Building Responsibly, Scaling Strategically
HIVE began as the first publicly listed crypto mining firm in 2017 with a small Ethereum operation in Iceland. Today, we operate approximately 11 EH/s across multiple jurisdictions and are on track to scale to 25 EH/s by year end. This growth is powered not by traditional debt but through an innovative approach that leverages our mined Bitcoin as collateral, without needing to sell core assets.
Our operations are fueled entirely by hydroelectric power, setting a high standard for ESG performance in the industry. By designing proprietary hardware, like the BuzzMiner developed with Intel, and investing in long-term infrastructure, we’ve prioritized efficiency and sustainability at scale.
Accounting for Complexity in a Global Operation
Managing finance and compliance across Canada, Sweden, Paraguay, and multiple exchanges adds operational complexity. Our CFO, Darcy Daubaras, leads a seasoned finance team that ensures regulatory readiness and audit alignment across borders.
We’ve adopted a hybrid treasury model that combines daily Bitcoin sales with strategic holding, balancing liquidity with long-term upside. These decisions are made collaboratively by the executive leadership team, informed by market trends and the cost of capital.
Practical Lessons for Crypto Finance Leaders
From our perspective, Bitcoin mining is an infrastructure-heavy business that demands deep operational and financial expertise. For businesses exploring digital assets, a strong compliance framework and detailed reporting practices are critical. Whether holding Bitcoin or integrating it into a treasury strategy, accuracy and readiness must come first.
This was a central theme in our discussion with Cryptoworth: how firms like HIVE are approaching digital asset finance not just as a technological opportunity, but as a discipline requiring structure, strategy, and leadership alignment.
We appreciate John O’Connell for inviting HIVE to share our perspective on Bitcoin treasury strategy, mining infrastructure, and financial controls.
For readers interested in the full conversation between HIVE President & CEO Aydin Kilic and John O’Connell of Cryptoworth, we invite you to explore the complete interview here: