THE MINING POD: Hive’s 25 EH Plan and Paraguay Expansion w/ Aydin Kilic
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 29 July 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
Hive is expanding its Paraguay mining sites with a target of 25 EH/s by year’s end.
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Welcome back to The Mining Pod! Today, Aydin Kilic, CEO of Hive Blockchain joins us to talk about their plan to scale to 25 EH/s by year end, the Paraguay expansion using new Bitmain hydro units, the company’s ATM funding strategy, and their pivot into HPC.
**Notes:**
• Scaling from 12 to 25 exahash by year end
• 200MW Paraguay site bought for $400k/MW
• 18% share dilution in Q1 from ATM usage
• $500M mining margin target at 25 EH/s
• 50% gross mining margins currently
• $40M profit on Bitcoin pledge trade
Timestamps:
00:00 Start
03:02 NYC trip
04:58 25 Exahash goal
07:35 Surviving bear markets
18:20 Fractal Bitcoin
18:59 ATM
24:05 Next steps 2025
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Transcript
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| 0:57.7 | Hey everyone, Charlie here. |
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| 1:18.1 | Link in the show notes. Hey, welcome back to the mining pod presented by fractal Bitcoin, a little bit more about them later on during the show. Today we're joined by Iden Killick. He is the CEO and president |
| 1:23.5 | of Hive blockchain. We've had the Hive team on a few times over the past few years, |
| 1:28.2 | normally with Frank Holmes, the chairman as well. This show was reported at the PubKee |
| 1:33.1 | bar in New York. Thank you to PubKee for making this show possible. This show is also recorded |
| 1:39.9 | during the four-year anniversary party for Hive of their NASDAQ listing. |
| 1:44.4 | So we got to join the Hive team and many others to celebrate that achievement at NASDAQ this week. |
... |
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