Bitcoin Miner Hive Digital Technologies (Hive) exceeds 10 exahash per second (eh/s) in the hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company Says In a press release on Friday on the track reached 25 eh/s by the end of 2025.
The firm mined 139 Bitcoin in May, or an average rate of 4.5 BTC per day. The peak capacity hits 10.4 eh/s while the average hashrate for the month stands at 8.5 eh/s. Hive said the efficiency of its armada remained stable around 20 Joules per Tehash (J/Th), and part of its network exceeded 1% of the global Bitcoin mining power.
The new Paraguay facility reflects a broader trend in the mining industry: the race to deploy future ASIC miners and the size of regions with richly renewable power.
Co-founder Frank Holmes emphasized the company’s speed and flexibility, pointing to the Buzz HPC division, which supports the AI Cloud infrastructure next to Bitcoin mining. The CEO Aydin Kilic said the company’s purpose for the tag -day is 18 eh/s, and that the Armada upgrades should be allowed for a BTC’s daily output of more than 12 in the four quarter -potential in a production cost below $ 50,000 per coin.
Hive operates facilities in Canada, Sweden and Paraguay, which is fully strengthened by hydroelectricity. The company was the first publicly listed Crypto Miner at the TSX Venture Exchange in 2017.
Hive shares were 13% higher in the New York trade on Friday as the mining sector rallies with the benefit of Bitcoin up to more than $ 105,000.
