HIVE Digital is mining $1.2 million a day with simply 25 workers, CEO states

HIVE Digital CEO Frank Holmes states the business is mining nearly $650K a day in Paraguay and anticipates to hit 25 exahash by year-end, with big bets on AI and Bitcoin growth.

Holmes believes the company is headed for a stock re-rating, especially as HIVE ramps up both its Bitcoin mining and its AI-powered computing services. HIVE anticipates to hit 25 exahash by the end of the year– roughly 3% of Bitcoin’s global network– and plans to build up its Bitcoin treasury as prices hover near $100,000. HIVE is likewise tailoring up for a significant Bitcoin conference in Paraguay this September, where Holmes will fulfill with the country’s president to go over bringing more U.S. investment into the area.

Holmes believes the company is headed for a stock re-rating, particularly as HIVE ramps up both its Bitcoin mining and its AI-powered computing services. HIVE anticipates to strike 25 exahash by the end of the year– roughly 3% of Bitcoin’s global network– and plans to construct up its Bitcoin treasury as costs hover near $100,000. “We’ll have over 2,000 coins on our Bitcoin inventory,” Holmes said. HIVE is also tailoring up for a major Bitcoin conference in Paraguay this September, where Holmes will satisfy with the nation’s president to talk about bringing more U.S. investment into the area.

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