HIVE Digital’s Ambitious Bitcoin Mining Expansion: Targeting 25 EH/s by 2025
HIVE Digital Technologies has reached a significant milestone, surpassing a hashrate capacity of 10 exahash per second (EH/s) in May, marking a 58% increase from April. This growth is driven by the operational launch of a 100-megawatt hydro-powered mining facility in Paraguay. The company has set an ambitious target of achieving 25 EH/s by the end of 2025. In May alone, HIVE mined 139 Bitcoin, averaging 4.5 BTC daily. This expansion underscores HIVE's commitment to sustainable and scalable Bitcoin mining, leveraging renewable energy sources to fuel its operations. As the cryptocurrency market continues to evolve, HIVE's strategic investments position it as a key player in the industry, with a clear focus on long-term growth and innovation.
HIVE Digital Surpasses 10 EH/s Hashrate, Aims for 25 EH/s by 2025
HIVE Digital Technologies has achieved a milestone with its hashrate capacity exceeding 10 exahash per second (EH/s) in May, marking a 58% increase from April. This growth is fueled by the operational launch of a 100-megawatt hydro-powered mining facility in Paraguay. The company projects an ambitious target of 25 EH/s by the end of 2025.
In May, HIVE mined 139 Bitcoin, averaging 4.5 BTC daily. The peak hashrate reached 10.4 EH/s, while the monthly average settled at 8.5 EH/s. The firm maintains an efficiency of 20 joules per terahash (J/TH), now commanding over 1% of the global Bitcoin mining network.
The Paraguay expansion underscores the industry's shift toward next-generation ASIC deployments in renewable energy-rich regions. Co-founder Frank Holmes highlighted the company's agility, citing its Buzz HPC division, which bridges bitcoin mining and AI cloud infrastructure. CEO Aydin Kilic anticipates reaching 18 EH/s this summer and scaling daily Bitcoin output beyond 12 coins by Q4—potentially at a sub-$50,000 production cost per BTC.
HIVE, operating exclusively with hydroelectric power across facilities in Canada, Sweden, and Paraguay, became the first publicly traded crypto miner on the TSX Venture Exchange in 2017.
Trump Media Files for $12 Billion in New Securities Following Bitcoin Treasury Expansion
Trump Media and Technology Group, the parent company of Truth Social, has submitted an S-3 filing to register up to $12 billion in new securities. The MOVE comes weeks after the firm secured a $2.3 billion Bitcoin treasury deal, signaling aggressive capital allocation toward cryptocurrency.
The filing outlines plans to issue 84.6 million common shares pending SEC approval. This follows earlier denials of a rumored $3 billion Bitcoin investment fund, though the latest action confirms sustained accumulation plans. The company joins firms like MicroStrategy in treating Bitcoin as a Core treasury asset.
Corporate Bitcoin adoption continues gaining momentum, with public companies increasingly leveraging cryptocurrency holdings for balance sheet diversification. Marathon Digital and Japan's Metaplanet have made similar strategic allocations, reflecting growing institutional confidence in Bitcoin's store-of-value proposition.
US Recession Odds Drop to 26%, Bitcoin Shows Resilience
Recession fears for the US in 2025 have eased significantly, with odds dropping to 26% from 56% earlier this month. This shift reflects improved market sentiment, coinciding with heightened activity in the crypto sector.
Bitcoin defied typical recession-correlated behavior, rallying from $100,550 to $105,106 during the probability decline. The cryptocurrency market overall displayed mixed signals—increased trading volume contrasted with sluggish altcoin performance and persistent volatility.
Historical patterns suggest crypto markets react sharply to changes in recession probability. A previous 17-point drop in May correlated with a 2.13% Bitcoin price decline, making the current counter-trend rally particularly noteworthy.
Bitcoin ETF Investments Decline Amid Strategic Portfolio Adjustments
Institutional Bitcoin ETF holdings dropped 23% in Q1 2025, marking the first quarterly decline since their January 2024 launch. 13F filings reveal a reduction from $27.4 billion to $21.2 billion, driven by BTC's 11% price dip and hedge fund profit-taking.
CoinShares frames this as strategic rebalancing rather than institutional retreat. "This reflects position closures and profit-taking after post-election and ETF-driven rallies," analysts noted. BlackRock and Goldman Sachs paradoxically increased their BTC-denominated ETF stakes during the dip.
CFTC Explores 24/7 Crypto Derivatives and Perpetual Trading
The U.S. Commodity Futures Trading Commission (CFTC) is evaluating proposals for round-the-clock trading of derivatives, with a current focus exclusively on crypto products rather than traditional commodities. Acting CFTC Commissioner Caroline Pham emphasized that continuous trading enables market participants to respond swiftly to weekend volatility, mitigating delays and potential losses.
Coinbase Derivatives has already launched 24/7 Bitcoin futures, witnessing robust activity with over 1,000 traders and hundreds of thousands of contracts traded—even on weekends. This underscores growing demand for non-stop access to crypto markets. The CFTC is also examining tokenized assets and stablecoins as collateral to reduce credit risk in perpetual trading environments.
Perpetual futures—derivatives without expiration dates—are under scrutiny, with Bitnomial having introduced Bitcoin perpetual futures in April 2025. While some industry players advocate for more U.S.-regulated crypto perpetuals to cut costs, others remain cautious about their suitability for physical settlements.
Crypto ETF Issuers Urge SEC to Reinstate 'First-to-File' Rule
VanEck, 21Shares, and Canary Capital have jointly petitioned the SEC to revert to its "first-to-file, first-to-approve" policy for crypto exchange-traded products. The asset managers argue that the SEC's recent practice of batch-approving multiple ETFs simultaneously disadvantages early filers and stifles innovation.
The letter highlights ProShares' Bitcoin futures ETF dominance in 2021 as evidence of the first-mover advantage. It also criticizes the January 2024 spot Bitcoin ETF approvals, where late filers benefited equally despite shorter application periods.
"When the Commission plays favorites, it costs ETP sponsors money and makes the ETP marketplace less fair," the firms stated. They warn the current approach incentivizes copycat products over original financial instruments.
