Bitcoin Miner Hive Digital Technologies (HIVE) has surpassed 10 Exahash per day. Second (EH/S) in hashrate capacity, an increase of 58% from April, driven by the launch of a 100-megawatt hydro-driven place in Paraguay. The company said in a press release on Friday that it is about to reach 25 EH/S by the end of 2025.
The company extracted 139 Bitcoin in May or an average rate of 4.5 BTC per year. Day. High capacity hit 10.4 EH/S, while the average hashrat for the month stood at 8.5 EH/S. Hive said its naval efficiency remained stable at about 20 Joules per day. Terahash (J/th), and its network share now exceeds 1% of the global Bitcoin mining.
The new facility in Paraguay reflects a broader trend in the mining sector: The race to implement the next generation of Asic-Mine Workers quickly and in scale in regions with ample persistent power.
Co-founder Frank Holmes emphasized the company’s speed and flexibility and pointed to his Buzz HPC division, which supports AI Cloud infrastructure along with Bitcoin mining. CEO Aydin Kilic said the company’s targets for the summer are 18 EH/S and that naval upgrades should allow for a daily BTC production of over 12 in the fourth quarter – potentially for a production cost below $ 50,000 per year. Coin.
HIVE drives facilities in Canada, Sweden and Paraguay, driven completely by hydropower. The company was the first publicly listed Crypto mines at TSX Venture Exchange in 2017.
HIVE shares are higher with 13% in New York trading on Friday as the mining sector gather with Bitcoin’s win to over $ 105,000.
