Hive Demonstrates That Bitcoin Mining Can Generate Both Revenue and Environmental Benefits

Hive Digital Technologies, a company listed on the stock exchange,

mining firm, now controls 2% of the worldwide Bitcoin network’s capacity, marking a major achievement in its growth plan. The company’s operations at its Phase 3 site in Paraguay are fully powered by renewable hydroelectric energy, currently running at a hashrate of 20 exahash per second (EH/s). With this capability, Hive mines about 9 Bitcoin each day and reports a 55% margin after accounting for electricity expenses. This accomplishment highlights the increasing importance of sustainable power in digital asset mining, a field often criticized for its environmental footprint.

Adopting green energy is at the heart of Hive’s business model. The Paraguay facility utilizes hydroelectricity, which supplies 90% of the nation’s power grid. This strategy fits with Hive’s broader goal to expand internationally using renewable energy. In February 2025,

announced it had mined 89 Bitcoin, with its total reserves valued at $220 million as of February 28. The company’s average mining rate of 5.6 EH/s and a peak of 6.2 EH/s showcase its improved efficiency, achieved through targeted infrastructure investments.

Hive’s move into Paraguay has played a crucial role in its recent growth. The company started with a 100-megawatt project in the country and has since revealed plans to expand to 420 megawatts, representing a 400% increase within eight months. This growth is made possible by Paraguay’s plentiful hydroelectric resources and supportive regulatory climate. President Johanna Thörnblad and other leaders at Hive have stated that this expansion cements the company’s reputation as a pioneer in sustainable mining. The facility’s scalability and low running costs are expected to boost profits as Bitcoin’s value changes.

Financial experts have recognized Hive’s advancements. Analysts at Stifel increased their price target for Hive’s stock after several key developments, such as acquiring advanced ASIC mining equipment and growing its data center assets. Hive’s liquidity, which stands at roughly $100 million in cash and Bitcoin, further fuels its expansion plans. The company is targeting a global hashrate of 15 EH/s by the close of 2025, aiming for an efficiency of 17 J/TH, which would place Hive among the industry’s top miners.

Hive’s dedication to eco-friendly practices is also changing how Bitcoin mining is viewed. Executive Chairman Frank Holmes pointed to creative solutions like repurposing excess heat from mining to provide warmth for buildings in Montreal and Sweden. These efforts are in line with broader industry moves to address environmental issues. Holmes argued that criticisms of Bitcoin’s energy use are outdated, noting that corporate adoption of renewables is a sign of real progress. Hive’s achievements in using green energy could set a standard for the industry’s shift toward sustainability.

Reaching 2% of the global mining capacity demonstrates Hive’s commitment to both efficiency and environmental stewardship. As Bitcoin’s energy-heavy proof-of-work system faces worldwide scrutiny, Hive’s approach shows that it is possible to balance profitability with sustainability. With ongoing expansion in Paraguay and plans for further hashrate increases, Hive is positioning itself as a leader in the rapidly changing crypto mining sector.