Because the Bitcoin mining trade matures and faces each new alternatives and challenges, some corporations are doubling down on worldwide progress, sustainability, and strategic positioning. Hive Blockchain is considered one of them.
CryptoPotato caught up with Aydin Kilic, CEO of Hive Blockchain at Paris Blockchain Week 2025, to speak concerning the firm’s daring enlargement plans, how U.S. political shifts beneath Trump would possibly reshape mining, and why Paraguay — not Texas — is the place the corporate is placing its largest bets.
Worldwide Mining Effort and Trump’s Affect on the Market
Hive has traditionally been often known as a Canadian participant. However as Kilic identified, the company middle of gravity is shifting.
“We not too long ago introduced that our HQ is shifting from Vancouver to San Antonio, however we nonetheless have the workplace in Vancouver,” Kilic shared. “We’ve been listed on NASDAQ since 2021, and being domiciled within the U.S. helps us qualify for U.S. indexes. That’s vital for publicity and investor positioning.”
But regardless of the headline transfer, Kilic emphasised that their mining operations stay worldwide. He stated they’re not mining within the US, which spares them from the tariffs as a result of they don’t seem to be importing ASICs into the US.
When requested concerning the political panorama, particularly beneath Trump, Kilic didn’t hesitate to attach the dots between coverage and mining outcomes.
“Bitcoin shot as much as all-time highs after Trump’s win — we noticed $108,000 Bitcoin, which was phenomenal,” Kilic recalled. “There was numerous pleasure within the trade that his administration would usher in pro-Bitcoin, pro-mining insurance policies.”
One symbolic second stood out to him: Trump’s look on the Nashville Bitcoin convention. “It’s the primary time ever {that a} presidential candidate, and now a president, has spoken on the Bitcoin convention,” Kilic stated. “That signaled huge issues.”
Kilic launched the idea of the American electro-dollar, a brand new framing for the U.S. greenback’s evolution.
“The U.S. greenback was once backed by gold, then it turned the petrodollar, backed by oil,” he defined. “However now, with Bitcoin rising and America as a hub for mining — backed by vitality — you may have the American electro-dollar. I prefer it. I feel it’s cool.”
Paraguay: Hive’s New Mining Powerhouse
Whereas the U.S. attracts consideration, Hive’s actual operational pleasure is centered in South America.
“We expanded into Paraguay — 300 megawatts. Very thrilling,” Kilic stated with enthusiasm. “We simply energized final week. We have now about 1,000 machines operating at 100 petahash, and we’re putting in 1000’s extra each week.”
By October, Hive expects to succeed in about 25 Exahash, representing roughly 3% of the worldwide Bitcoin community.
What makes Paraguay so enticing? Kilic factors to its renewable vitality capability.
“The Itaipu Dam is a ten.4 gigawatt hydro dam, and it feeds our web site,” he defined. “We have now two websites: one at 100 megawatts, one at 200 megawatts, for a complete of 300 megawatts of hydro vitality. It’s outstanding.”
However Hive’s native involvement isn’t simply industrial. Kilic highlighted the corporate’s efforts to present again. He outlined that within the province of Cordillera, the place their 100 megawatt web site is positioned, there are 18 colleges that want electrical energy. They’ve up to now accomplished 4 of those and will probably be rolling extra all through 2025 and the next years – an initiative he describes as a part of their sustainable mannequin.
Cracking the ASIC {Hardware} Problem
One in all Hive’s extra progressive strikes has been its collaboration with Intel to provide customized ASIC miners, the BuzzMiners.
“We constructed 10,000 BuzzMiners — a hedge so we weren’t fully reliant on the massive three: Bitmain, MicroBT, and Canaan,” Kilic defined.
Drawing on his background as {an electrical} engineer, Kilic approached the undertaking with technical precision.
“We despatched our personal high quality assurance result in reside within the manufacturing facility city for 2 months,” he shared. “Individuals don’t understand — it’s not simply concerning the chip. You want system integration: ASIC on a PCB, energy provide, management circuitry, thermodynamics. Simpler stated than completed.”
Regardless of Intel ultimately exiting the mining chip market, Hive made the undertaking worthwhile.
“We’ve ROI’d on two of the three batches, and the machines are nonetheless mining right this moment,” Kilic stated. “We’re sending them to Paraguay now to mine by means of their full lifecycle.”
What’s Subsequent: A Transformative 12 months Forward
Wanting on the highway forward, Kilic is bullish on Hive’s near-term trajectory. He stated they’re aiming for 25 Exahash, which represents 4 occasions (4x) progress, which, in keeping with him, will push the corporate north of $1 billion market cap by scale.
He additionally expects the broader market to warmth up as soon as political and financial volatility settles.
“All of the good trade guys are hoping for an $80 to $120 hash value. We’re at about $40 now,” Kilic stated. “Traditionally, after a halving occasion, the bull market drives hash value two to a few occasions larger. We’re excited.”
Kilic plans to personally go to Paraguay a number of occasions over the approaching months as new phases of their enlargement go reside.
Even amid world shifts and bold targets, Kilic stays grounded.
“I’ll at all times stay bullish on the U.S. as a jurisdiction to do enterprise,” he stated. “However for us proper now, it’s all about Paraguay. It’s all about scale, renewable vitality, and constructing for the long run.”
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