HIVE Digital (HIVE) Technologies announces it has surpassed 11 Exahash per second of global Bitcoin mining hashrate, achieving an operational hashrate of 11.4 EH/s. This milestone marks the early and successful completion of Phase 1 of HIVE’s Yguazu site in Paraguay – a step in its mission to scale to 25 EH/s by American Thanksgiving 2025. Over the past five weeks, HIVE has steadily increased its installed hashrate by approximately 1 EH/s per week, reaching 11 EH/s last week. The Company has since grown to 11.5 EH/s and expects to maintain this level under typical operating conditions. As summer temperatures rise across HIVE’s Canadian data centers, minor fluctuations in daily hashrate are expected as the Company optimizes ASIC performance for seasonal conditions.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIVE:
- 3 Best Crypto Stocks to Buy Now, 6/17/25, According to Analysts
- HIVE Digital Technologies to Announce Fiscal Year 2025 Financial Results
- Amazon Drops $20B on Pennsylvania AI as AMZN Stock Jumps
- 3 Best Stocks to Buy Now, 6/9/2025, According to Top Analysts
- U.S. payrolls rise 139,000, Broadcom reports Q2 beat: Morning Buzz