Hive Digital mines 18% more Bitcoin in June; Phase 2 scale-up and AI expansion drive growth
8Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to announce that the company achieved an 18% increase in Bitcoin production in June 2025 compared to the previous month, signaling strong momentum as it advances its ambitious global scale-up strategy.
The company mined 164 Bitcoin in June, fueled largely by the early success of its newly energized 100-megawatt Phase 1 operation in Paraguay. This facility is central to Hive’s goal of reaching 12 Bitcoin per day in production by the end of 2025, driving improved revenue generation and cash flow margins.
Holmes shared that the Phase 2 expansion is now underway. As of today, 0.4 exahash per second (EH/s) of new-generation Bitmain S21+ Hydro machines are already online, representing over 5% of the total Phase 2 capacity. Once fully energized, Phase 2 is expected to deliver 6.5 EH/s, pushing Hive’s global mining fleet past 25 EH/s by U.S. Thanksgiving, with an industry-leading efficiency of ~18.5 J/TH.
Hive's overall hashrate stood at 11.4 EH/s in June, nearly doubling since the end of March. Holmes described this scale-up as the “most ambitious growth trajectory in Hive’s history,” positioning the company among the global leaders in Bitcoin mining.
Meanwhile, Hive’s high-performance computing division, BUZZ HPC, is also scaling aggressively to support sovereign Canadian AI infrastructure. In June, BUZZ HPC signed a purchase agreement for a 7.2 MW Tier 3 data center campus in Toronto, capable of hosting up to 5,000 next-gen GPUs. This facility adds a critical building block to Hive’s long-term strategy of balancing Bitcoin mining with AI-driven high-performance computing solutions across its Canadian and European operations.
With dual momentum in crypto mining and AI infrastructure, Hive is executing a vertically integrated model focused on high-efficiency, high-margin digital infrastructure growth.
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