Hive Digital Shares Gain on Hashrate and Revenue Update

Zinger Key PointsHive Digital surpasses 12 EH/s in global Bitcoin mining hashrate, doubling from earlier this year.The company exceeds a $250 million annualized revenue run rate, fueled by rapid expansion in Paraguay.Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up OnHive Digital TechnologiesHIVEshares are trading higher after the company provided updates on its hashrate and run rate revenue.What To Know:Hive announced it has surpassed 12 exahash per second (EH/s) of global Bitcoin mining hashrate, doubling from 6 EH/s at the start of the year. The company also exceeded a $250 million annualized run rate revenue, driven by its rapid expansion in Paraguay.Additionally, the company is currently constructing three hydro-powered data center campuses in Yguazú. Phase 2 of the project is underway, with 1 EH/s of next-generation Bitmain S21+ Hydro ASIC miners already hashing. Hive expects to hit 6.5 EH/s at the site by late August, 18 EH/s globally by summer's end, and 25 EH/s by Thanksgiving."With this momentum, the Company remains on track to achieve 18 EH/s by summer’s end and 25 EH/s by American Thanksgiving 2025," Hive said.President and CEOAydin Kilicsaid the company is now mining more than 6 BTC per day at a 55% margin. Once 18 EH/s is reached, Hive expects $400 million in annualized revenue with mining margins approaching 60%.See Also:Shiba Inu Skyrockets 9%: The ‘Real Rally’ Is About To Begin, Analysts SayHIVE Price Action:At the time of writing, HIVE shares are trading 0.43% higher at $2.325, according to data fromBenzinga Pro.Loading...Loading...HIVEHIVE Digital Technologies Ltd$2.330.22%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum13.06Growth32.63QualityN/AValue50.30Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:NewsMoverswhy it's moving