TechFlow news — On December 4, according to Decrypt, Nasdaq-listed Bitcoin miner Hive Digital announced the purchase of 13,480 new mining rigs to expand its operations in South American countries. Valued at over $60 million, this deal will help secure 2% of the global Bitcoin network's hash rate. The mining machines—Bitmain Antminer S21+ Hydros—deliver a combined hash rate of 4.3 exahashes per second (EH/s).
The company has also secured an option to purchase additional units of the same model, amounting to 4.3 EH/s, exercisable within one year. If fully exercised, Hive’s mining fleet would grow to 8.6 EH/s, with the goal of reaching a total mining hash rate of 15 EH/s by summer 2025.
Executive Chairman Frank Holmes stated that once fully deployed, Hive’s mining capacity will scale to 15 EH/s, “driving annualized revenue in excess of $300 million and mining profits over $200 million based on current mining economics.”
