HIVE Stock Grew in Pre-market on Paraguay Facility Completion

NASDAQ: HIVE is up by 4.03% in the previous market session, and as of writing, it was at $1.94 with an addition of 2.05% in the last trading session. The primary reason behind the sudden spike is the completion of a 100 MW site in Paraguay.

Source: CoinMarketCap

According to data from TradingView, the trading price of HIVE Digital stock fell more than 13.87% in the past 30 days and lost 55.79% in the past six months.

In a press release dated, April 20, 2025, Hive Digital said that “ Is pleased to announce the 100% completion of Phase 1 infrastructure at its flagship Yguazù facility in Paraguay — a 100 megawatt (“MW”) air-cooled data center backed by a fully energized 200 MW substation.”

With this completion, the Bitcoin mining firm has appointed Carlos Anibal as the new operations and project manager in Paraguay. It is worth noting that currently the company is operating 200 petahashes of hashrate at the site, using its proprietary BUZZ Miner, and 8,000 BUZZ Miners.

With this announcement, the Chief Executive Officer of Hive Digital said, “ As of March 31, we secured deposits for 4.3 EH/s of Bitmain S21+ miners, funded through disciplined treasury management. Our fiscal year-end marked a strategic pivot — no debt, just smart execution. Our expansion from 6.5 EH/s to 11.5 EH/s has been paid for, and we’re moving fast.”

By the end of 2nd quarter, Hive Digital aims to boost to 11.5 EH/s globally by the end of 2025 second quarter and it is aiming to achieve 5 EH/s in Paraguay.

Bitcoin mining is becoming more profitable

After the 4th Bitcoin halving several mining firms have reported surged revenue as the reward for mining has reduced but the prices of BTC have enjoyed moments in the past few months.

A few factors that pulled Bitcoin to new heights include the historic victory of Donald Trump which came with dozens of promises for the digital asset market and especially for BTC.

Yet since January 2025 till writing Bitcoin did not show any major corrections, and long term investors are still arguing that it could reach $1 million.

The constant development in the Bitcoin mining industry clearly demonstrates that the revenue of crypto mining companies has surged significantly, and there are some mining companies which are ranked as one of the prominent holders of BTC .

In the coming sessions, it is expected that Bitcoin could steadily surpass the resistance of $100,000 and by 2025 end it might probably revolve near $125,000.