HIVE Expands Bitcoin-Mining Power to Record Levels

HIVE Digital Technologies ($HIVE) shares rose 6% after the company announced it has surpassed 22 exahash per second (EH/s) in global bitcoin-mining capacity, marking a 267% year-to-date growth rate.

This milestone underscores HIVE’s rapid scaling of its high-performance digital infrastructure, positioning it among the top publicly traded bitcoin miners globally.

Operational Highlights

Current production: ~9.5 BTC per day
Fleet efficiency: ~17.8 joules per terahash (J/TH)
Mining margin: ~55% at a $47 hashprice

HIVE attributed the strong performance to recent ASIC fleet expansions and optimization of energy-efficient operations across its facilities.

Future Outlook

The company expects to:

Reach 25 EH/s by U.S. Thanksgiving, supported by new high-efficiency ASIC miners coming online.
Improve overall efficiency to ~17.5 J/TH, maintaining strong profitability margins.

Management emphasized that exahash capacity growth directly drives revenue and cash flow, with digital infrastructure valuations often tied to hashrate expansion and efficiency metrics.

Strategic Positioning

As bitcoin prices stabilize and institutional mining demand rises, HIVE’s expansion strengthens its competitive edge among North American miners such as Riot Platforms, CleanSpark, and Marathon Digital.
The company’s focus on energy-efficient growth also aligns with broader industry trends toward sustainable mining economics.