Hive is expanding its Paraguay mining sites with a target of 25 EH/s by year’s end.

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more:  https://t.me/blockspacenews

Welcome back to The Mining Pod! Today, Aydin Kilic, CEO of Hive Blockchain joins us to talk about their plan to scale to 25 EH/s by year end, the Paraguay expansion using new Bitmain hydro units, the company’s ATM funding strategy, and their pivot into HPC.

Subscribe to our newsletter! 

**Notes:**

• Scaling from 12 to 25 exahash by year end

• 200MW Paraguay site bought for $400k/MW

• 18% share dilution in Q1 from ATM usage

• $500M mining margin target at 25 EH/s

• 50% gross mining margins currently

• $40M profit on Bitcoin pledge trade

Timestamps:

00:00 Start

03:02 NYC trip

04:58 25 Exahash goal

07:35 Surviving bear markets

18:20 Fractal Bitcoin

18:59 ATM

24:05 Next steps 2025

👉 Fractal Bitcoin, Is Bitcoin’s most active scaling solution already here?

Fractal’s rapid hashrate growth and transaction growth suggest it might be. A new report by Blockspace Media breaks down Fractal Bitcoin. Read the full report here.

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.