HIVE Revenue Jumps 285% on Paraguay Bitcoin Mine

Edgen Crypto·Jan 12 2026, 05:12

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Key Takeaways

HIVE Digital Technologies reported a 285% year-over-year revenue increase to $87.3 million, driven by its new hydro-powered Bitcoin mining facility in Paraguay. The site has reached 300 MW of capacity and over 24 EH/s in hashrate, positioning HIVE for a potential $500 million annual revenue run rate as it captures over 2% of the global Bitcoin network.

Record Financials: The company announced record quarterly revenue of $87.3 million, a 285% year-over-year increase, with a current revenue run rate of $1 million per day.
Paraguay Expansion: HIVE completed 300 MW of new capacity at its hydro-powered facility in Paraguay, achieving an operational hashrate of over 24 EH/s.
Forward Guidance: Management projects a revenue run rate approaching $500 million annually once the company reaches its target of 25 EH/s in Bitcoin mining capacity.

Paraguay Expansion Drives Revenue to Record $87.3 Million

HIVE Digital Technologies reported record quarterly revenue of $87.3 million, a 285% year-over-year surge, directly resulting from its aggressive expansion in Paraguay. The company's current Bitcoin mining revenue run rate is now approaching $400 million annually, or roughly $1 million per day, at an approximate 50% operating margin after power costs. The growth is underpinned by the new facility's access to low-cost hydroelectric power, enabling highly profitable operations.

Mine Reaches 300 MW Capacity and 24 EH/s Hashrate

In just six months, HIVE completed 300 megawatts (MW) of new capacity, powered by Paraguay's massive Itaipú hydroelectric complex. This expansion pushed the company's operational hashrate past 24 exahash per second (EH/s), giving it control of more than 2% of the global Bitcoin network's computing power. The increased capacity led to a significant jump in production, with HIVE mining 289 BTC in October—a 147% increase from the previous year. The fleet maintains a high efficiency of around 17.7 joules per terahash (J/TH).

HIVE Eyes $500M Revenue Rate with 25 EH/s Target

The company is targeting further growth, with President and CEO Aydin Kilic outlining a path to 25 EH/s of hashrate. Achieving this milestone would increase production to nearly 12 Bitcoin per day and could push the annual revenue run rate "closer to $500 million." HIVE's investment also positions it as a key economic partner for the host country. Executive Chairman Frank Holmes highlighted the operation's significance, stating, "Every month, we will become the largest payer of US dollars for this country."