HIVE Digital Technologies Surpasses 10 EH/s Hashrate Capacity in May
HIVE Digital Technologies (HIVE) has exceeded 10 exahash per second (EH/s) in hashrate capacity, marking a 58% increase since April. This growth is attributed to a new 100-megawatt hydro-powered site in Paraguay. HIVE aims to reach 25 EH/s by the end of 2025.
- 139 bitcoin mined in May, averaging 4.5 BTC per day
- Peak capacity at 10.4 EH/s; average monthly hashrate at 8.5 EH/s
- Fleet efficiency steady at 20 joules per terahash (J/TH)
- Network share exceeds 1% of global Bitcoin mining power
- Goal for summer set at 18 EH/s with plans for over 12 BTC daily output by Q4
- Production cost projected below $50,000 per coin
- Facilities powered entirely by hydroelectricity in Canada, Sweden, and Paraguay
HIVE shares rose by 13% in New York trading as the mining sector benefits from Bitcoin's rise above $105,000.