HIVE Digital Technologies .(HIVE) Newsfile·2025-05-15 10:00Core Viewpoint - HIVE Digital Technologies has surpassed 8 EH/s of Bitcoin mining hashrate and is on track to reach 25 EH/s by Q4 2025, driven by the completion of a hydro-powered facility in Paraguay [2][3]. Group 1: Company Growth and Expansion - HIVE has achieved a total operating hashrate of 8.3 EH/s and aims to reach 11.5 EH/s by the end of June 2025 [2][4]. - The company plans to expand its capacity to 18 EH/s by Q3 2025, with additional infrastructure coming online in Paraguay [3][4]. - HIVE's second 100 MW facility in Paraguay is expected to be completed this summer, facilitating growth from 11.5 EH/s to 18 EH/s [3]. Group 2: Financial Performance and Revenue Potential - At 18 EH/s, HIVE anticipates mining approximately 10 Bitcoin per day, potentially generating nearly US100,000 [4]. - HIVE's average cost of Bitcoin production is projected to decrease by 10-20% by autumn 2025 due to lower energy prices and improved fleet efficiency [4]. Group 3: Strategic Use of Bitcoin Treasury - HIVE has utilized a portion of its Bitcoin treasury to acquire next-generation ASIC mining equipment, securing an option to repurchase Bitcoin at US$87,000 per BTC [5][6]. - The company currently holds 610 BTC in its treasury and aims to rebuild its holdings while expanding its mining capacity to 25 EH/s [7]. - HIVE's strategy involves deploying BTC mined at lower prices to fund growth while retaining the option to reclaim BTC as prices appreciate [7]. Group 4: Operational Efficiency - HIVE is expected to achieve a global fleet efficiency of 20 J/TH at 11.5 EH/s and 19 J/TH at 18 EH/s, leading to reduced energy requirements per Bitcoin mined [4]. - The company is committed to scaling operations responsibly with green energy, enhancing its environmental footprint [8].