It appears that HIVE Digital Technologies Ltd. has decided to throw caution to the wind and has gallantly sailed past the 16 exahash per second (EH/s) mark in the global Bitcoin hashpower seas, bravely paddling towards an audacious target of 25 EH/s by U.S. Thanksgiving. How charming! 🍗
Bitcoin Miner HIVE Targets 25 EH/s, Stock Climbs 10% in 5 Days
In what seems to be a miraculous transformation worthy of a stage play, since May, the ambitious HIVE has managed to more than double its daily bitcoin (BTC) output, which now generously ticks past the 8 BTC mark. This delightful increase is courtesy of the speedy rollout of the next-generation Bitmain S21+ Hydro miners at their charmingly-named Yguazú facility in Paraguay. Who knew mining could be so glamorous?
With more than 5 EH/s of capacity already humming in Phase 2, and new shiny rigs arriving on a weekly basis like overenthusiastic birthday presents, HIVE is keen to kick off Phase 3 at its Valenzuela site in September. Yes, the grand finale of their fully funded expansion plan is expected to elevate daily production to nearly 12 BTC, depending on the capriciousness of today’s network difficulty. A real cliffhanger, don’t you think? 🎢
The company has also set its sights on sharpening its global fleet efficiency to about 18.4 joules per terahash (J/TH), which sounds impressively technical. With bitcoin currently frolicking about at roughly $113,000 a coin and network difficulty standing firm at 129T, HIVE cheekily estimates its mining margin, after the pesky electricity expenses, hovers close to a delightful 60%. Who could ask for more? 💡
Founded in 2017, HIVE Digital Technologies has embraced the noble quest of building and running sustainable blockchain and AI data centers that run solely on glorious renewable hydroelectric energy. They have gracefully stretched their green tendrils across Canada, Sweden, and Paraguay. Year-to-date, the stock is down 8%, but fret not! It has bounced back with a sprightly leap of more than 10% over the past five trading days. Bravo! 🎉
With a market capitalization ballooning to $557 million and 214,305,000 shares in circulation, HIVE is positively gliding along. According to Treasury data, our endearing friends hold roughly 610 BTC, charmingly valued at over $68 million! Talk about making a name for themselves! 🥳
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2025-08-25 19:27