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