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NEWS
HIVE Announces Transformative Acquisition of 8.6 EH/s of Bitmain S21+ Hydro Chips, Projecting 15 EH/s by Summer 2025, Driving $300 Million Revenue and 2% of Global Bitcoin Mining Network
HIVE Digital Technologies has announced a major acquisition of 8.6 EH/s of Bitmain S21+ Hydro chips, aiming to reach 15 EH/s of Bitcoin mining capacity by summer 2025. The initial order includes 13,480 units (4.3 EH/s) for delivery in April-May 2025 at $14/TH, with an option to purchase another 13,480 units within a year. The company projects $300 million in annualized revenue and $200 million in mining margin at current mining economics. By Q1 2025, HIVE will achieve 6.4 EH/s following fleet upgrades, improving global mining efficiency to 19.5 J/TH. The deployment in Paraguay leverages hydro power and is expected to yield an ROI of approximately 10 months.
HIVE Digital Technologies has announced a major acquisition of 8.6 EH/s of Bitmain S21+ Hydro chips, aiming to reach 15 EH/s of Bitcoin mining capacity by summer 2025. The initial order includes 13,480 units (4.3 EH/s) for delivery in April-May 2025 at $14/TH, with an option to purchase another 13,480 units within a year. The company projects $300 million in annualized revenue and $200 million in mining margin at current mining economics. By Q1 2025, HIVE will achieve 6.4 EH/s following fleet upgrades, improving global mining efficiency to 19.5 J/TH. The deployment in Paraguay leverages hydro power and is expected to yield an ROI of approximately 10 months.
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