Programming

You don't actually need to "split" anything, you just read from different offsets per thread. Mmap might be the most efficient way to do this (or at least the easiest)

Whether or not that's going to run into hardware bottlenecks is a separate issue from designing a parallel algorithm. Idk what OP is trying to accomplish, but if their hardware is known (eg this is an internal tool meant to run in a data center), they'll need to read up on their hardware and virtualization architecture to squeeze the most IO performance.

But if parsing is actually the bottleneck, there's a lot you can do to optimize it in software. Simdjson would be a good place to start.

If the task to just read the data quickly without processing it(doing calculations, sorting, transformation, etc.), then yes, reading line by line is the fastest way. But the OP mentioned some processing operations on data, which may require additional time and computing power, thus it will be efficient to firstly load file into ram splitting it into chunks, give each thread a chunk to process and then combine results.

In fact, my first comment suggested that you can read file line by line and once enough lines were read in RAM, thread 1 can start processing them while thread 0 still reads new lines from hard drive. Once another chunk is ready, thread 2 can start processing it and so on.

In conclusion, it all depends on what exactly you need to do with data. Simply transferring it from HDD to RAM must be done by reading line by line. But processing of data can be split among cores of CPU to maximize the speed of computations.