HIVE Digital wants to mine 12 Bitcoin a day with just 25 employees, CEO says

HIVE Digital wants to mine 12 Bitcoin a day with just 25 employees, CEO says originally appeared on TheStreet.

HIVE Digital Technologies CEO Frank Holmes says the company is way ahead of schedule — and that its mining operations in Paraguay are scaling faster than anyone expected.

Speaking to Scott Melker on TheStreet Roundtable, Holmes said, “This quarter we’re way ahead of schedule with people expected us to be hitting 11 exahash. That means our daily cash flow or revenue is pushing $650,000 a day.”

HIVE's growth comes with a small but focused team. “By Thanksgiving, we hope to be at 12 Bitcoin a day. So that’s more than $1.2 million a day with 25 key employees. That’s really efficient. That’s a high revenue per employee,” Holmes added.

For context, an exahash is a measure of computing power used in Bitcoin mining. One exahash equals one quintillion (1,000,000,000,000,000,000) hashes per second — that’s the number of attempts a machine can make per second to solve the cryptographic puzzle required to add new Bitcoin blocks. The higher the exahash, the more powerful the mining operation.

Holmes believes the company is headed for a stock re-rating, especially as HIVE ramps up both its Bitcoin mining and its AI-powered computing services.

“It’s very, very exciting. And our high-performance computing AI, that’s ripping too,” he said. “We just found out that we have 10,000 people around the world that use our service because we don’t lock them down. Like when you get a Bloomberg terminal... it’s very expensive every month for two years.”

Unlike AWS or other platforms, HIVE rents out Nvidia chips on an hourly basis — a more flexible model for AI developers and startups. “We have people that get funded and they need the machines for three months where they got place to go to. So that’s growing rapidly with the introduction of our H200 Nvidia chips. So we’re really blowing and going.”

HIVE expects to hit 25 exahash by the end of the year — roughly 3% of Bitcoin’s global network — and plans to build up its Bitcoin treasury as prices hover near $100,000.

“We’ll have over 2,000 coins on our Bitcoin inventory,” Holmes said. “It’s exponential growth that we’re going to be able to generate for the shareholders.”

HIVE is also gearing up for a major Bitcoin conference in Paraguay this September, where Holmes will meet with the country’s president to discuss bringing more U.S. investment into the region.

HIVE Digital wants to mine 12 Bitcoin a day with just 25 employees, CEO says first appeared on TheStreet on Jun 23, 2025

This story was originally reported by TheStreet on Jun 23, 2025, where it first appeared.

View Comments