HIVE Digital Technologies
Projects 150% growth by 2025, with Bitcoin mining capacity of 15 EH/s, following a 47% operational increase in 2024.
This milestone, reached on January 2, 2025, reaffirms HIVE’s position as a leader in sustainable blockchain infrastructure.
The Vancouver-based company has increased its operating throughput to 6.0 EH/s, a significant growth from 4.08 EH/s at the end of 2023, driven by the use of Canaan’s Avalon miners, which improved operational efficiency.
HIVE has managed to reduce electricity costs in Sweden to less than 2 cents per kilowatt hour, which is key to its ambitious expansion plans. To support its 15 EH/s goal, it is developing a 100 MW hydroelectric project in Paraguay, which will optimize the efficiency of its fleet to 17 J/TH.
This strategy seeks to increase Bitcoin mining capacity and profitability in a challenging environment.
HIVE's focus is on optimizing operational efficiency and expanding its fleet using state-of-the-art Avalon ASIC miners, minimizing energy consumption.
Sweden's low electricity tariff and stabilization of its energy positions provide predictability in expenses.
CEO Frank Holmes is optimistic about the company's future, foreseeing transformative growth by 2025.
