Bitcoin News Today: HIVE Surpasses 13 EH/s Hashrate Drives $300M ARR with 55% Profit Margin

HIVE Digital Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: YO0) announced on July 24, 2025, that it has exceeded 13 exahashes per second (EH/s) in global hashrate, a milestone achieved through the deployment of next-generation hydro-cooled mining facilities at its Yguazú campus in Paraguay. This growth translates to a daily Bitcoin mining output of over 6.5 BTC and an annualized run-rate revenue (ARR) of $300 million from Bitcoin mining and high-performance computing (HPC) operations, reflecting a 55% profit margin [1]. The company is on track to reach 18 EH/s by late August 2025, with Phase 2 of its Paraguay expansion already activating 2 EH/s of Bitmain S21+ Hydro ASIC miners. Full deployment of Phase 2 is expected to add 6.5 EH/s, while Phases 2 and 3 collectively aim to scale the company’s global hashrate to 25 EH/s by U.S. Thanksgiving 2025.

The expansion is underpinned by a renewable energy strategy and engineering expertise, with the company’s global ASIC fleet efficiency improving from 20 J/TH in Phase 1 to an anticipated 18.5 J/TH at 18 EH/s. This efficiency boost, combined with reduced power costs, is projected to drive mining margins toward 60% after electrical costs, based on a current hashprice of $59 per PH per day. At 25 EH/s, HIVE anticipates an ARR of $550 million, with efficiency further declining to 17.5 J/TH [1]. Executives emphasized that each EH/s increment reduces unit costs and amplifies Bitcoin’s value proposition, aligning with the company’s goal of operational excellence and sustainable infrastructure.

Management highlighted Paraguay’s role in accelerating growth, with the Yguazú site’s hydro-cooled systems achieving industry-leading performance and minimal downtime. The company’s renewable energy-driven model, spanning Canada, Sweden, and Paraguay, positions it as a leader in green Bitcoin mining and AI/HPC infrastructure. With a fully funded roadmap and projected $400 million ARR at 18 EH/s, HIVE aims to compound shareholder value while maintaining disciplined operations and capital deployment [1].

Source: [1] [HIVE Digital Technologies Surpasses 13 EH/s as Scalable Growth and Revenue Expansion Accelerate in Paraguay and Reaches $300 Million ARR] [https://coinmarketcap.com/community/articles/6881fe3ec73a4f6cb7112d04/]