Bitcoin Miner Hive Digital Technologies (HIVE) exceeded 10 exams per second (EH / S) in Hashrate capacity, an increase of 58% compared to April, driven by the launch of a hydroelevé site of 100 megawatts in Paraguay. Friday, the company said in a press release that he was on the right track to reach 25 EH / S at the end of 2025.
The company has undermined 139 bitcoin in May, or an average rate of 4.5 BTC per day. The advanced capacity reached 10.4 EH / S while the average hash for the month was 8.5 eh / s. Hive said that its effectiveness of the fleet had remained stable at around 20 Joules by Terahash (J / TH), and that its network share now exceeds 1% of the world power of Bitcoin.
The new installation in Paraguay reflects a broader trend in the mining industry: the race to quickly deploy the new generation ASIC minors and on a large scale in regions with abundant renewable power.
The co-founder Frank Holmes highlighted the speed and flexibility of the company, stressing its Buzz HPC division, which supports Cloud AI infrastructure alongside Bitcoin. CEO Aydin Kilic said that the company’s objective for summer is 18 eh / s, and that fleet upgrades should allow daily BTC production from more than 12 to fourth quarter – potentially at a production cost of less than $ 50,000 per room.
Hive operates installations in Canada, Sweden and Paraguay, entirely supplied by hydroelectricity. The company was the first Crypto minor listed on the TSX Venture Exchange in 2017.
On Friday, Hive shares are more than 13% in New York trade while the mining sector is gather alongside Bitcoin gain at more than $ 105,000.
