HIVE stock at four-month high amid historic Bitcoin rally

HIVE stock at four-month high amid historic Bitcoin rally originally appeared on TheStreet.

The HIVE Digital Technologies (Nasdaq: HIVE) stock reached $2.47 on July 11, piggybacking on the phenomenal all-time high (ATH) Bitcoin reached this week.

The stock is at its four-month high, as it last reached $2.52 on Feb. 24.

HIVE Digital is one of the most prominent Bitcoin mining firms in the world. Crypto mining is the process of validating and adding transactions to a blockchain by solving cryptographic problems called hashes.

On July 10, the firm announced it has surpassed a $250 million annualized run rate revenue. It has also surpassed 12 exahash per second (EH/s) of global Bitcoin mining hashrate, twice its output at the beginning of 2025.

Hashrate measures how fast a miner executes cryptographic functions to solve blocks in a chain. It is calculated in terms of hashes per second, i.e., the number of hash operations executed per second.

"Once we hit 18 EH/s, we expect approximately $400 million in annual run rate revenue," HIVE President & CEO Aydin Kilic said.

Operations in Paraguay expanding

While HIVE has facilities in Canada and Sweden, the firm is making a bold bet on its expanding facility in Paraguay.

On July 7, the firm announced a series of milestones it has achieved in Bitcoin production.

HIVE said it mined 164 Bitcoin in June, in contrast to 139 Bitcoin in May.

In fact, it mined 15 Bitcoin per EH/s and 5.5 Bitcoin on a daily basis in June.

Co-founder and executive chairman Frank Holmes is counting on the Paraguay facility to reach an even higher target of 12 BTC a day by the end of 2025.

HIVE stock at four-month high amid historic Bitcoin rally first appeared on TheStreet on Jul 11, 2025

This story was originally reported by TheStreet on Jul 11, 2025, where it first appeared.