HIVE Digital Technologies Reports October Production of 289 BTC, Achieves 24 EH/s, and Completes Paraguay Expansion While Fueling Canada's Tier III+ AI Data Center Growth
HIVE (TSXV: HIVE; NASDAQ: HIVE) reported October 2025 production of 289 BTC, a month-over-month increase of 8% and a year-over-year increase of 147%. The company's operational hashrate averaged 21.9 EH/s, peaked at 23.6 EH/s, and HIVE says it has surpassed 24 EH/s of operational capacity supported by 300 MW in Paraguay.
HIVE completed its 100 MW Phase 3 Valenzuela expansion in Paraguay two weeks early, bringing installed capacity to 25 EH/s. Fleet efficiency averaged 17.7 J/TH. The company is reinvesting mining cash flow to convert Canadian campuses to Tier III+ AI/HPC facilities, including a 70 MW Grand Falls campus (20 MW Phase 1 liquid-cooled) and a 7.2 MW Toronto site. Q2 2026 results will be released on Nov 14, 2025 with a webcast on Nov 17, 2025.
HIVE (TSXV: HIVE; NASDAQ: HIVE) ha riportato una produzione di ottobre 2025 di 289 BTC, con un aumento mensile dell'8% e un aumento annuo dell'147%. L'hashrate operativo dell'azienda ha mediamente 21.9 EH/s, ha toccato un picco di 23.6 EH/s, e HIVE afferma di aver superato 24 EH/s di capacità operativa supportata da 300 MW in Paraguay.
HIVE ha completato la sua espansione 100 MW Phase 3 Valenzuela in Paraguay due settimane prima, portando la capacità installata a 25 EH/s. L'efficienza della flotta ha mediamente 17.7 J/TH. L'azienda sta reinvestendo il flusso di cassa minerario per convertire i campus canadesi in strutture AI/HPC di livello Tier III+, tra cui un campus Grand Falls da 70 MW (20 MW Phase 1 raffreddato a liquido) e un sito a Toronto da 7.2 MW. I risultati del secondo trimestre 2026 saranno pubblicati il 14 nov 2025 con una trasmissione web il 17 nov 2025.
HIVE (TSXV: HIVE; NASDAQ: HIVE) informó una producción de octubre de 2025 de 289 BTC, un aumento mes a mes del 8% y un incremento interanual del 147%. El hashrate operativo de la empresa promedió 21.9 EH/s, alcanzó un máximo de 23.6 EH/s, y HIVE dice haber superado 24 EH/s de capacidad operativa soportada por 300 MW en Paraguay.
HIVE completó su expansión de 100 MW Phase 3 Valenzuela en Paraguay dos semanas antes, llevando la capacidad instalada a 25 EH/s. La eficiencia de la flota promedió 17.7 J/TH. La empresa está reinvirtiendo el flujo de caja minero para convertir campus canadienses en instalaciones AI/HPC de Tier III+, incluyendo un campus Grand Falls de 70 MW (20 MW Fase 1 refrigerado en líquido) y un sitio en Toronto de 7.2 MW. Los resultados del Q2 2026 se publicarán el 14 de nov 2025 con una transmisión web el 17 de nov 2025.
HIVE (TSXV: HIVE; NASDAQ: HIVE)는 2025년 10월 생산량 289 BTC를 보고했으며, 전월 대비 8%, 전년 대비 147% 증가를 기록했습니다. 회사의 운용 해시레이트는 평균 21.9 EH/s였고, 피크는 23.6 EH/s에 달했으며, HIVE는 파라과이에서 300 MW의 전력으로 지원되는 운용 용량이 24 EH/s를 초과했다고 밝혔습니다.
HIVE는 파라과이의 100 MW Phase 3 Valenzuela 확장을 2주 앞당겨 완료했으며, 설치 용량을 25 EH/s로 끌어올렸습니다. 플릿 효율은 평균 17.7 J/TH였습니다. 이 회사는 캐나다 캠퍼스를 Tier III+ AI/HPC 시설로 전환하기 위해 채굴 현금 흐름을 재투자하고 있으며, 70 MW Grand Falls 캠퍼스(20 MW Phase 1 액체 냉각)와 토론토의 7.2 MW 사이트를 포함합니다. 2026년 2분기 실적은 2025년 11월 14일에 발표되며, 2025년 11월 17일에 webcast가 예정되어 있습니다.
HIVE (TSXV: HIVE; NASDAQ: HIVE) a annoncé une production d'octobre 2025 de 289 BTC, soit une hausse mensuelle de 8% et une hausse annelle de 147%. Le hashrate opérationnel de la société a été en moyenne de 21,9 EH/s, a atteint un pic de 23,6 EH/s, et HIVE indique avoir dépassé 24 EH/s de capacité opérationnelle soutenue par 300 MW au Paraguay.
HIVE a terminé son expansion 100 MW Phase 3 Valenzuela au Paraguay avec deux semaines d'avance, portant la capacité installée à 25 EH/s. L'efficacité de la flotte a été en moyenne de 17,7 J/TH. L'entreprise réinvestit les flux de trésorerie miniers pour convertir des campus canadiens en installations AI/HPC Tier III+, y compris un campus Grand Falls de 70 MW (20 MW Phase 1 refroidi par liquide) et un site à Toronto de 7,2 MW. Les résultats du 2e trimestre 2026 seront publiés le 14 novembre 2025, avec une diffusion web le 17 novembre 2025.
HIVE (TSXV: HIVE; NASDAQ: HIVE) berichtete eine Produktion im Oktober 2025 von 289 BTC, eine monatliche Steigerung von 8% und eine jährliche Steigerung von 147%. Die operative Hashrate des Unternehmens lag im Durchschnitt bei 21,9 EH/s, erreichte einen Höchstwert von 23,6 EH/s, und HIVE sagte, es habe 24 EH/s an operativer Kapazität überschritten, unterstützt von 300 MW in Paraguay.
HIVE hat seine 100 MW Phase 3 Valenzuela-Erweiterung in Paraguay zwei Wochen früher abgeschlossen und die installierte Kapazität auf 25 EH/s erhöht. Die Flotteneffizienz lag durchschnittlich bei 17,7 J/TH. Das Unternehmen reinvestiert den Mining-Cashflow, um kanadische Campus in Tier III+ AI/HPC-Einrichtungen umzuwandeln, darunter ein Grand Falls-Campus mit 70 MW (20 MW Phase 1 flüssigkeitsgekühlt) und einen Standort in Toronto mit 7,2 MW. Die Ergebnisse für Q2 2026 werden am 14. Nov 2025 veröffentlicht, mit einem Webcast am 17. Nov 2025.
HIVE (TSXV: HIVE; NASDAQ: HIVE) أبلغت عن إنتاج أكتوبر 2025 بمقدار 289 BTC، بزيادة شهرية قدرها 8% وزيادة سنوية قدرها 147%. بلغ معدل الهاش التشغيلي للشركة 21.9 EH/s كمتوسط، وبلغ ذروته 23.6 EH/s، وتذكر HIVE أنها تجاوزت 24 EH/s من الطاقة التشغيلية المدعومة بــ 300 MW في باراغواي.
أكملت HIVE توسيعها 100 MW Phase 3 Valenzuela في باراغواي قبل أسبوعين من الموعد، مما رفع القدرة المركبة إلى 25 EH/s. بلغت كفاءة أسطولها 17.7 J/TH. إعادة استثمارها لتدفق النقد miner من أجل تحويل الحرم الجامعي الكندي إلى مرافق AI/HPC من المستوى Tier III+، بما في ذلك حرم Grand Falls بقدرة 70 MW (المرحلة 1 من 20 MW مبردة بالسائل) وموقع تورونتو بقدرة 7.2 MW. ستصدر نتائج الربع الثاني 2026 في 14 نوفمبر 2025 مع بث مباشر عبر الويب في 17 نوفمبر 2025.
- October production of 289 BTC (+8% MoM, +147% YoY)
- Operational hashrate averaged 21.9 EH/s, peaking at 23.6 EH/s
- Paraguay capacity 300 MW; Phase 3 (100 MW) completed two weeks early
- Installed global capacity reached 25 EH/s
- Canadian conversion: 70 MW Grand Falls with 20 MW Phase 1 liquid cooling
- Acquired and upgrading a 7.2 MW Toronto facility for Tier III+ AI
- Network difficulty at all-time highs, pressure on future BTC output
- Intermittent curtailment at Canadian facilities delayed full operational hashrate
Insights
HIVE expanded Paraguay capacity, raised October Bitcoin production, and is converting Canadian sites to Tier III+ AI data centers.
HIVE increased October Bitcoin production to 289 BTC and averaged 21.9 EH/s, with installed capacity reaching 25 EH/s and operational hashrate above 24 EH/s. The company commissioned the final 100 MW Phase 3 Valenzuela build in Paraguay, bringing total Paraguay capacity to 300 MW and delivering month-over-month hashrate growth of
Dependencies and risks include continued network conditions and Bitcoin price, plus operational timing for Canadian curtailment and optimization. The release notes production outperformed network difficulty growth and cites fleet efficiency near 17.5–17.7 J/TH, which supports margin claims but depends on sustained low-cost hydro power and stable operations across sites. Watch the
San Antonio, Texas--(Newsfile Corp. - November 10, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, is pleased to report October 2025 Bitcoin production results and confirms that it has now surpassed 24 EH/s of global mining capacity, supported by 300 megawatts ("MW") of capacity in Paraguay. Strong mining performance continues to power HIVE's expansion into Tier III+ AI and high-performance computing ("HPC") data centers across Canada.
October 2025 Production Highlights
Bitcoin Produced: 289 BTC (up
8% month-over-month from 267 BTC in September 2025; up147% year-over-year from 117 BTC in October 2024)Average Daily Production: 9.3 BTC/day
Hashrate: Averaged 21.9 Exahash per Second ("EH/s"), peaking at 23.6 EH/s
Fleet Efficiency: 17.7 Joules per Terahash ("J/TH")
BTC per EH/s: 13.2 BTC
HIVE's network share now exceeds
Phase 3 Valenzuela Complete
Following a summer of rapid progress, HIVE is pleased to announce that its 100 MW Phase 3 Valenzuela expansion in Paraguay is now fully complete. The Company has successfully commissioned the final ASICs and containers, bringing the entire 300 MW of Paraguay capacity online approximately two weeks ahead of schedule. With this milestone, HIVE now has 25 EH/s of installed global Bitcoin mining capacity and has surpassed 24 EH/s of operational hashrate.
As the last ASICs came online and the project transitioned from rack-up to full optimization, HIVE delivered:
13% Hashrate Growth: from 19.4 EH/s in September to 21.9 EH/s in October.Network Outperformance: Production growth (+
8% ) outpaced Bitcoin network difficulty (+3% ).Record Production: 289 BTC — a year-to-date high — achieved despite network difficulty at all-time highs.
The Company expects to reach approximately 25 EH/s of operational hashrate this week, following the conclusion of intermittent curtailment at its Canadian facilities, with an average efficiency of approximately 17.5 J/TH.
Canadian Growth: From Tier I to Tier III+ Infrastructure
As Bitcoin mining operations deliver record cash flow, HIVE is channelling these proceeds into the Company's "Great Transformation" — upgrading its Canadian footprint from Tier I Bitcoin data centers to Tier III+ AI and HPC facilities through its subsidiary BUZZ High Performance Computing Inc. ("BUZZ HPC").
In New Brunswick, HIVE is converting its 70 MW Grand Falls campus, supported by an 80 MW substation, into a Tier III+ AI data-center complex. Phase 1 (20 MW) of liquid-cooled capacity is engineered to support up to 25,000 next-generation NVIDIA GPUs for enterprise AI and machine-learning workloads.
Complementing this initiative, BUZZ HPC has acquired a 7.2 MW Toronto facility, which will be upgraded for Tier III+ sovereign AI applications, ensuring that Canadian data and compute remain on domestic soil. Together, these projects position HIVE as one of the largest green-energy AI infrastructure developers in Canada, aligning national innovation goals with shareholder value creation.
Management Commentary
Frank Holmes, Executive Chairman, stated: "HIVE's growth in Bitcoin production fuels more than revenue — it fuels transformation. Each BTC we mine strengthens our balance sheet and finances the conversion of our Tier I mining campuses into Tier III+ AI infrastructure across Canada. We're proving that efficiency, sustainability, and innovation can scale together."
Aydin Kilic, President & CEO, added: "Our teams are executing on multiple fronts — from finalizing Phase 3 in Paraguay to accelerating our AI data-center buildout in Canada. We've built a profitable GPU-driven HPC revenue stream over the past three years, and the momentum continues as we scale both sides of our business: Bitcoin mining and AI compute. This twin-engine model allows HIVE to deliver top-tier returns while future-proofing our infrastructure for the AI era."
Craig Tavares, President of BUZZ HPC, noted: "With our Tier III+ AI campuses in New Brunswick and Toronto, we're building the foundation for sovereign AI in Canada — green, scalable, and homegrown. Bitcoin mining was the blueprint; AI is the evolution."
HIVE Fiscal Q2 2026 Earnings Call
HIVE will release its financial results for the six months ended September 30, 2025 on Friday, November 14, 2025, followed by an earnings conference call and webcast on Monday, November 17, 2025, at 8:00 AM EST.
Registration details are available here.
Future Production and Economics
Each additional exahash increases daily Bitcoin production and revenue potential, while operating costs remain stable with fixed-rate hydroelectric power and minimal labor increases. Power expenses scale with machine usage and align with current cost structures. Results may vary depending on network difficulty and Bitcoin prices.
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered exclusively by green energy. Today, HIVE builds and operates next-generation blockchain and AI data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing (HPC) clients. HIVE's twin-turbo engine infrastructure—driven by Bitcoin mining and NVIDIA GPU-accelerated AI computing—delivers scalable, environmentally responsible solutions for the digital economy.
For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain
On Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive Chairman
For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the construction of the Company's site in Valenzuela, Paraguay and its potential specifications and performance upon completion, the timing of it becoming operational; hash rash growth projections; business goals and objectives of the Company; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the prospectivity of the BUZZ HPC operations and the ability of the Company to successfully expand the infrastructure and operate in this sector, the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the possibility of flaws in the implementation of the Paraguay build-out and energization; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; an inability to apply the Company's data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.
The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events will occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273785
FAQ
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