1 week ago
Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per 2nd (EH/s) successful hashrate capacity, a 58% summation from April, driven by the motorboat of a 100-megawatt hydro-powered tract successful Paraguay. The institution said successful a property merchandise connected Friday that it's connected way to scope 25 EH/s by the extremity of 2025.
The steadfast mined 139 bitcoin successful May, oregon an mean complaint of 4.5 BTC per day. Peak capableness deed 10.4 EH/s portion mean hashrate for the period stood astatine 8.5 EH/s. HIVE said its fleet ratio remained dependable astatine astir 20 joules per terahash (J/TH), and its web stock present exceeds 1% of planetary Bitcoin mining power.
The caller installation successful Paraguay reflects a broader inclination successful the mining industry: the contention to deploy next-generation ASIC miners rapidly and astatine standard successful regions with abundant renewable power.
Co-founder Frank Holmes emphasized the company’s velocity and flexibility, pointing to its Buzz HPC division, which supports AI unreality infrastructure alongside Bitcoin mining. CEO Aydin Kilic said the company’s extremity for the summertime is 18 EH/s, and that fleet upgrades should let for a regular BTC output of implicit 12 by the 4th fourth — perchance astatine a accumulation outgo beneath $50,000 per coin.
HIVE operates facilities successful Canada, Sweden and Paraguay, powered wholly by hydroelectricity. The institution was the archetypal publically listed crypto miner connected the TSX Venture Exchange successful 2017.
HIVE shares are higher by 13% successful New York commercialized connected Friday arsenic the mining assemblage rallies alongside bitcoin's summation to supra $105,000.
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