As we approach the midpoint of 2025, HIVE continues to accelerate its transformative growth plan and is achieving major milestones ahead of schedule.
In May, fueled by rapid expansion in Paraguay, HIVE surpassed 10 Exahash per second (EH/s) in global Bitcoin mining capacity, and achieved a 58% month-over-month increase in peak hashrate, climbing from 6.6 EH/s in April to 10.4 EH/s in May.
At HIVE, hashrate is our heartbeat. But what exactly is an exahash and why is it important?
An exahash (EH) is a unit of computing power that equals one quintillion (10¹⁸) hashes per second. It is used to measure the hash rate of cryptocurrency mining networks like Bitcoin.
To put 10 EH/s into perspective:
At current network difficulty, HIVE now generates over 4.5 Bitcoin per day. This figure is expected to increase as we continue to scale. Our targets are:
- 18 EH/s this summer, producing more than 8 BTC per day
- 25 EH/s by Q4, producing more than 12 BTC per day
Powered by Clean Energy
Our expansion in Paraguay is powered by renewable energy from the Itaipu Dam, the largest hydroelectric dam in the western hemisphere. Once fully operational, we aim to produce 3% of global Bitcoin output.
Why Hashrate Matters
- Network Security: A higher hashrate means more computing power is securing the blockchain. This makes it more resistant to attacks and manipulation.
- Mining Difficulty: As total network hashrate increases, mining becomes more difficult. Staying competitive requires constant investment in more powerful and efficient hardware.
- Decentralization Indicator: A high and widely distributed hashrate indicates broad participation, which supports decentralization and strengthens network integrity.
- Energy Efficiency: Mining consumes large amounts of energy. HIVE benefits from low-cost, clean hydroelectric power that gives us a major advantage.
- Miner Profitability: The more hashrate a miner controls, the more Bitcoin it can produce. HIVE currently contributes over 1% of the global network and aims to reach 3% by the end of 2025.
Why HIVE in 2025?
- Transformative Growth: With a clear path to 25 EH/s and operations across nine time zones, HIVE is building a significant share of the global Bitcoin market.
- Operational Excellence: Every phase of expansion improves daily output and reduces costs. At current mining economics, fleet upgrades are expected to lower production costs to below $50,000 per Bitcoin.
- Eco-Friendly Infrastructure: HIVE is a leader in green-powered Bitcoin mining. Our renewable energy model directly addresses environmental concerns, making us an attractive option for ESG-focused investors.
- Capital Discipline: Growth is financed using our Bitcoin treasury. Strategic acquisitions and redeployment of hardware have reduced capital expenditures and accelerated development.
- Local Impact with Global Reach: In Paraguay, our operations are projected to generate over $100 million in utility revenue across three years. This demonstrates the long-term economic value of sustainable mining.
From renewable-powered data centers in Canada and Sweden to the mighty Itaipu Dam in Paraguay, HIVE harnesses clean energy for efficient and precise Bitcoin mining:
🌊 Hydro-powered
🌎 Globally scaled
⛏️ Built to reshape Bitcoin mining from the ground up
With sustainable operations scaling across three continents, HIVE is redefining the future of decentralized finance and digital freedom every hour of every day.
Best regards,
The HIVE Digital Technologies team