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RETRANSMISSION: HIVE Digital Technologies Surpasses 13 EH/s as Scalable Growth and Revenue Expansion Accelerate in Paraguay and Reaches $300 Million ARR
Newsfile· 2025-07-24 10:00
Core Insights - HIVE Digital Technologies has surpassed 13 EH/s in Bitcoin mining hashrate, achieving over 6.5 Bitcoin mined daily, driven by the deployment of next-generation hydro-cooled facilities in Paraguay [2][3] - The company has reached an annualized run-rate revenue (ARR) of $300 million from its Bitcoin mining and HPC operations, with profit margins around 55% [9][10] - HIVE aims to reach 18 EH/s by the end of August 2025, with a fully-funded roadmap to expand to 25 EH/s by U.S. Thanksgiving 2025 [11] Company Growth and Expansion - The buildout of Phase 2 at the Yguazú campus is progressing, with over 2 EH/s of new Bitmain S21+ Hydro ASIC miners currently active [3][5] - Upon full deployment, Phase 2 is expected to host approximately 6.5 EH/s, contributing to the company's goal of 18 EH/s [3][6] - HIVE's global ASIC fleet efficiency is projected to improve from approximately 20 J/TH to 18.5 J/TH upon completion of Phase 2 [7][8] Financial Performance - HIVE has achieved an ARR of $300 million, with expectations to reach approximately $400 million upon achieving 18 EH/s [9][10] - At 18 EH/s, the company anticipates mining margins near 60% after electrical costs, based on current hash prices [11] - The company estimates an ARR of $550 million at 25 EH/s, with mining margins also projected to be around 60% [11] Strategic Positioning - HIVE emphasizes its commitment to building high-quality, sustainable data center infrastructure powered by renewable energy [12] - The company is positioned as a highly efficient Bitcoin miner and AI/HPC infrastructure provider, leveraging engineering expertise and a renewable energy strategy [10][12] - HIVE's operations in Paraguay are noted for their discipline and industry-leading performance in Bitcoin mining [10]
HIVE Digital Technologies Surpasses 13 EH/s as Scalable Growth and Revenue Expansion Accelerate in Paraguay and Reaches $300 Million ARR
Newsfile· 2025-07-24 05:00
Core Insights - HIVE Digital Technologies has surpassed 13 EH/s in Bitcoin mining hashrate, achieving over 6.5 Bitcoin mined daily, driven by the deployment of next-generation hydro-cooled mining facilities in Paraguay [2][3] - The company has reached an annualized run-rate revenue (ARR) of $300 million from Bitcoin mining and HPC operations, with profit margins around 55% [9][10] Expansion and Growth - The buildout of Phase 2 at the Yguazú campus is progressing, with over 2 EH/s of new Bitmain S21+ Hydro ASIC miners operational, aiming for a total of approximately 6.5 EH/s upon full deployment [3][5] - HIVE anticipates reaching a global hashpower of 18 EH/s by the end of August 2025, with a fully-funded roadmap to expand to 25 EH/s by U.S. Thanksgiving [11] Efficiency and Cost Management - The efficiency of the new Bitmain S21+ Hydro miners is 15 J/TH, which is expected to improve the global average ASIC fleet efficiency from 20 J/TH to 18.5 J/TH upon completion of Phase 2 [7][10] - A 10% improvement in ASIC efficiency correlates to a 10% reduction in Bitcoin production costs, enhancing profitability [8] Future Projections - HIVE projects an ARR of approximately $400 million at 18 EH/s and $550 million at 25 EH/s, with mining margins expected to approach 60% after accounting for electrical costs [11]
X @Decrypt
Decrypt· 2025-07-23 16:40
MARA Stock Dives as Bitcoin Miner Reveals Plan to Raise $850 Million to Buy More BTC► https://t.co/eR3ofI3hcE https://t.co/eR3ofI3hcE ...
BitFuFuPool Surpasses 20 EH/s, Ranks Among Top Global Bitcoin Mining Pools
Globenewswire· 2025-07-23 12:00
Core Insights - BitFuFu Inc. has achieved a significant milestone with its private-label Bitcoin mining pool, BitFuFuPool, surpassing 20 exahashes per second (EH/s) in hashrate, ranking it among the top 11 largest Bitcoin mining pools globally [1][4][5] Company Overview - BitFuFu Inc. is recognized as a world-leading Bitcoin miner and innovator in mining services, focusing on empowering the global Bitcoin network through its advanced cloud mining platform and rapidly scaling infrastructure [10] BitFuFuPool Performance - BitFuFuPool's current hashrate is 20.86 EH/s, contributing to a theoretical production of approximately 10 BTC per day, valued at around $1.18 million based on current market prices [2][4] - The pool operates under a Full Pay-Per-Share (FPPS) reward model, ensuring miners receive fixed payouts for their contributed hashrate, regardless of block mining success [6] Technological Advancements - The pool utilizes cutting-edge technologies such as BitFuFuOS and the Aladdin management system, which enhance mining efficiency by optimizing hashrate allocation based on real-time network conditions [8] - BitFuFuPool offers a seamless experience with features like real-time performance metrics and automatic daily Bitcoin payouts, supported by a distributed infrastructure capable of connecting millions of mining machines [7] Growth and Infrastructure - As of June 30, 2025, BitFuFu managed a total hashrate of 36.2 EH/s, with a power capacity of 728 MW and holding 1,792 BTC, indicating robust growth and operational capacity [9]
X @Documenting ₿itcoin 📄
Documenting ₿itcoin 📄· 2025-07-21 18:15
Bitcoin Mining - Global Bitcoin mining hashrate increases above 900 quintillion (900,000,000,000,000,000,000) hashes per second [1]
X @CoinDesk
CoinDesk· 2025-07-18 14:34
RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧 Catch the latest episode of 'THE MINING POD: WhiteFiber’s IPO, Public Miner Executive Comp, BIT Mining’s Ethiopia Expansion,’ in partnership with @blockspacepod!Welcome back to The Mining Pod! Today, Colin, Charlie, and Matt talk Bitcoin's surge to $123K and its impact on mining economics, Bit Digital's WhiteFiber IPO prospectus and pivot to an Ethereum treasury strategy, public miner executive compensation, BIT Mining’s Ethiopia expansion, and the https://t.c ...
X @Bitcoin Archive
Bitcoin Archive· 2025-07-18 09:52
Bitcoin Adoption in Europe - Europe is behind US adoption of Bitcoin [1] - Discussion on Bitcoin Treasury Company valuations in Europe [1] - Exploration of Nuclear-powered Bitcoin Mining [1]
Canaan Inc. to Produce A15Pro Miners for Cipher Mining
Prnewswire· 2025-07-17 20:35
Core Insights - Canaan Inc. has entered a purchase agreement to supply approximately 6,840 Avalon A15Pro miners to Cipher Mining's Black Pearl facility, expected to enhance the facility's hashrate in Q3 2025 [1][4] - This agreement signifies Canaan's commitment to large-scale domestic manufacturing support for U.S.-based bitcoin mining customers, driven by increasing demand amid bitcoin's price surge [2][3] Company Developments - The Avalon A15Pro miners provide an average hash rate of 221 terahashes per second (TH/s) with a power efficiency of approximately 16.6 joules per terahash (J/TH), contributing to a significant increase in operational hashrate at Cipher's facility [4] - Canaan's manufacturing advantages and logistics strategies are pivotal for its global growth, as the company adapts to changing market conditions and customer needs [2][3] Market Context - The demand for bitcoin mining solutions is rising as bitcoin prices reach new all-time highs, prompting customers to reassess their supply chain strategies [3] - Canaan's partnership with Cipher reflects a strong vote of confidence in its technology and delivery capabilities, marking Cipher's fourth order from Canaan [4]
X @Decrypt
Decrypt· 2025-07-17 20:10
Bitcoin Mining Firm Stock Spikes After $500 Million Raise for Dogecoin Treasury► https://t.co/9nmfYnu0fm https://t.co/9nmfYnu0fm ...