HIVE Digital Technologies .(US:HIVE) Newsfileยท2024-12-03 06:00Core Viewpoint - HIVE Digital Technologies Ltd. has announced a significant acquisition of 8.6 EH/s of Bitmain S21+ Hydro Chips, which is expected to increase its Bitcoin mining hashrate to 15 EH/s by summer 2025, potentially generating $300 million in annual revenue and representing 2% of the global Bitcoin mining network [2][4][5]. Group 1: Acquisition Details - The acquisition includes 13,480 units, providing 4.3 EH/s of hashrate capacity, with delivery scheduled for April and May 2025 at a competitive price of $14/TH [6]. - HIVE has a call option to purchase an additional 13,480 units within one year, which could bring the total order to 26,960 units, equating to 8.6 EH/s of mining capacity [6]. Group 2: Financial Projections - Once fully deployed, the strategic expansion to 15 EH/s is projected to yield over $300 million in annualized revenue and more than $200 million in mining margin based on current mining economics [5]. - HIVE anticipates producing approximately 9 Bitcoin per day at the current difficulty level, supporting its vision for scaling operations while utilizing green hydro energy [5]. Group 3: Mining Efficiency and ROI - The new miners will operate at an industry-leading efficiency of 15 J/TH, with a blended fleet efficiency of 17 J/TH upon full execution of the Bitmain order [4][7]. - The company projects a return on investment (ROI) of approximately 10 months, considering current hashrate economics of $60/PH per day after accounting for operational costs [8]. Group 4: Environmental and Operational Considerations - Field research indicates that hydro ASIC miners perform exceptionally well in Paraguay's environmental conditions, enhancing the ROI of HIVE's green-energy-powered mining initiatives [9]. - HIVE is committed to advancing sustainable blockchain infrastructure, with data centers located in Canada, Sweden, and soon Paraguay [10].