RETRANSMISSION: HIVE Digital Technologies Reports November Production of 290 BTC, Achieves 25 EH/s as Tier III+ AI Data Center Growth Accelerates into 2026

Rhea-AI Summary

HIVE (NASDAQ: HIVE) reported November 2025 Bitcoin production of 290 BTC (up 182% YoY) and averaged 23.5 EH/s hash rate, peaking at 25.4 EH/s. The company commissioned the final ASICs at its Valenzuela Phase 3 campus two weeks early, bringing 300 MW Paraguay capacity online and raising installed global mining capacity to 25 EH/s with fleet efficiency of 17.5 J/TH. HIVE says its network share exceeds 2%. The company plans an additional 100 MW hydroelectric data center at Yguazú with full commissioning targeted for Q3 2026. BUZZ HPC ranked #1 worldwide for network download speed and HIVE is upgrading Tier III+ AI/HPC capacity with phased GPU deployments into Q1 2026.

Positive

• Bitcoin production 290 BTC in November (+182% YoY)
• Installed global mining capacity reached 25 EH/s
• Paraguay 300 MW capacity fully commissioned two weeks early
• Fleet efficiency averaged 17.5 J/TH
• BUZZ HPC ranked #1 for network download speed

Negative

• None.

News Market Reaction

-0.93%

1 alert

-0.93% News Effect

On the day this news was published, HIVE declined 0.93%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Bitcoin produced: 290 BTC BTC YoY growth: 182% Average hashrate: 23.5 EH/s +5 more

8 metrics

Bitcoin produced 290 BTC November 2025 monthly production

BTC YoY growth 182% Increase vs 103 BTC in November 2024

Average hashrate 23.5 EH/s November 2025 average, peaking at 25.4 EH/s

Fleet efficiency 17.5 J/TH Global Bitcoin mining fleet efficiency

Paraguay capacity 300 MW Fully deployed across Valenzuela and Yguazú campuses

Total footprint 540 MW Renewable infrastructure across Paraguay, Canada, Sweden

Planned Yguazú expansion 100 MW New hydro-powered data center targeted for Q3 2026

BUZZ GPUs (Toronto) 2,000 GPUs Tier III+ sovereign AI upgrades at 7.2 MW Toronto facility

Market Reality Check

Price: $3.04 Vol: Volume 7,511,240 is at 0....

low vol

$3.04 Last Close

Volume Volume 7,511,240 is at 0.41x the 20-day average of 18,259,058, indicating lighter trading ahead of this update. low

Technical Shares at 3.26 were trading above the 200-day MA of 2.78, reflecting a positive longer-term trend into this news.

Peers on Argus

Pre-news, HIVE was down 0.93% while peers were mixed: BTBT up 6.96%, BITF up 2.0...

Pre-news, HIVE was down 0.93% while peers were mixed: BTBT up 6.96%, BITF up 2.08%, AMRK up 2.17%, and FUFU down 2.01%, suggesting stock-specific positioning.

Historical Context

5 past events · Latest: Nov 25 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 25	ATM equity program	Negative	-1.3%	Announced up to US$300M at-the-market equity program for common shares.
Nov 17	Earnings results	Positive	+7.5%	Reported record Q2 FY2026 revenue growth and higher Bitcoin and BUZZ HPC metrics.
Nov 17	AI cloud expansion	Positive	+7.5%	BUZZ AI cloud expansion with Dell cluster and multi-site GPU growth plans.
Nov 10	Monthly production	Positive	+0.6%	October BTC production record with Paraguay expansion to 25 EH/s capacity.
Nov 07	Earnings date notice	Neutral	-1.5%	Announced timing of fiscal Q2 2026 financial results and earnings call.

Pattern Detected

Recent news generally aligned with price reactions, including strong positive moves on major crypto/AI growth updates and a modest decline on the ATM announcement.

Recent Company History

Over the past few months, HIVE has focused on rapid Bitcoin hashrate expansion and Tier III+ AI/HPC growth. On Oct 27 and early November, the company highlighted surpassing 22–23 EH/s, Paraguay-funded growth, and Sweden Tier-3 conversions. The October production update on Nov 10 showed 289 BTC mined and completion of Paraguay’s 25 EH/s buildout. Mid-November brought record Q2 FY2026 revenue of $87.3M and BUZZ AI expansion plans, followed by a $300M ATM program on Nov 25. Today’s November production and AI data center update extend this same growth trajectory.

Market Pulse Summary

This announcement highlighted record November Bitcoin production of 290 BTC, average hashrate of 23....

Analysis

This announcement highlighted record November Bitcoin production of 290 BTC, average hashrate of 23.5 EH/s, and full deployment of 300 MW in Paraguay, bringing total renewable infrastructure to 540 MW. It also emphasized BUZZ HPC’s Tier III+ AI data center upgrades in Toronto and Sweden and the rollout of thousands of next-generation GPUs into 2026. Investors may track future monthly production, progress on the planned 100 MW Yguazú expansion, execution of AI/HPC conversions, and any capital-raising activity under existing programs.

Key Terms

exahash per second, joules per terahash, tier iii+, high-performance computing, +4 more

8 terms

exahash per second technical

"Hashrate: Averaged 23.5 Exahash per Second ("EH/s"), peaking at 25.4 EH/s"

Exahash per second (EH/s) is a measure of computing power used in cryptocurrency mining equal to one quintillion (10^18) hashing operations every second; think of it like the number of lottery tickets being checked each second. For investors, a higher exahash rate signals a stronger, more secure network and greater competition among miners, which can influence mining profitability, network transaction costs, and the energy intensity tied to the asset.

joules per terahash technical

"Fleet Efficiency: 17.5 Joules per Terahash ("J/TH")"

Measure of energy required to perform one terahash (one trillion hash attempts) of cryptographic work, expressed in joules; a lower joules-per-terahash number indicates more energy-efficient mining equipment. Investors monitor it because it directly affects a miner’s electricity costs, profitability and environmental footprint—similar to miles per gallon for cars, better efficiency lowers running costs and can improve competitive and regulatory standing.

tier iii+ technical

"record cash flows from Bitcoin mining are funding Tier I to Tier III+ upgrades"

Tier III+ is a classification used mostly for data centers and other critical infrastructure to indicate a high level of uptime and redundancy beyond the standard Tier III benchmark. It means the facility is designed so key systems can be serviced without shutting down operations, reducing the risk of costly interruptions — like having backup engines and parallel systems ready — which matters to investors because lower downtime risk protects revenue, assets and service reputation.

high-performance computing technical

"BUZZ High Performance Computing Inc. ("BUZZ HPC"), a Canadian-based leader in high-performance computing"

A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.

gpu technical

"operating 2,000 next-generation GPUs. Parallel upgrades in Boden, Sweden, expand Tier III+ capacity"

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

asic technical

"the Company commissioned the final ASICs at its Phase 3 Valenzuela campus"

ASIC is Australia’s corporate, markets and financial services regulator that enforces rules for companies, financial advisers and market operators; think of it as the referee and rulebook keeper for financial activity. It matters to investors because ASIC’s oversight, investigations and enforcement actions affect company credibility, legal risk and market fairness—actions that can change stock prices, investor confidence and the safety of financial products.

hashrate technical

"7% Hashrate Growth: Increasing from 21.9 EH/s in October to 23.5 EH/s"

Hashrate is a measure of how quickly a computer network can process and verify transactions, often expressed as the number of calculations it can perform in a second. Think of it like the engine power of a car; the higher the hashrate, the more work the network can do in a given time. For investors, a higher hashrate generally indicates a more secure and robust network, which can influence confidence and the value of related digital assets.

roic financial

"The Company will evaluate the optimal return-on-invested-capital ("ROIC") strategy for this new capacity"

Return on invested capital (ROIC) measures how well a company turns the money it uses to run and grow the business into profit, expressed as a percentage. Think of it like how much fruit a tree yields for each seed and watering dollar invested: higher ROIC means management is extracting more value from each dollar put into the company. Investors use it to compare how efficiently different companies deploy capital and whether returns justify the risk of holding the stock.

AI-generated analysis. Not financial advice.

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated October 31, 2025.

San Antonio, Texas--(Newsfile Corp. - December 10, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, reports November 2025 Bitcoin production results, highlighted by year-to-date highs in Bitcoin output and all-time highs in global mining capacity, supported by 300 megawatts ("MW") of capacity in Paraguay.

November 2025 Production Highlights

• Bitcoin Produced: 290 BTC (up 182% year-over-year from 103 BTC in November 2024)

• Average Daily Production: 9.7 BTC/day

• Hashrate: Averaged 23.5 Exahash per Second ("EH/s"), peaking at 25.4 EH/s

• Fleet Efficiency: 17.5 Joules per Terahash ("J/TH")

• BTC per EH/s: 12.3 BTC

HIVE's network share continues to exceed 2% of the global Bitcoin network, reinforcing its position as one of the world's most efficient and sustainable digital-asset operators.

Full Deployment in Paraguay Achieved

In November, two weeks ahead of schedule, the Company commissioned the final ASICs at its Phase 3 Valenzuela campus, bringing the full 300 MW of Paraguay capacity online. This milestone represents 25 EH/s of installed global Bitcoin mining capacity with an average efficiency of approximately 17.5 J/TH.

November highlights include:

• 7% Hashrate Growth: Increasing from 21.9 EH/s in October to 23.5 EH/s in November.

• Record Production: 290 BTC, a year-to-date high.

Building on this momentum, HIVE plans to develop an additional 100 MW hydroelectric-powered data center at its Yguazú campus in early 2026, with full commissioning targeted for calendar Q3 2026. The Company will evaluate the optimal return-on-invested-capital ("ROIC") strategy for this new capacity as it comes online. Once complete, HIVE's total renewable infrastructure footprint will reach 540 MW across three continents, including 400 MW in Paraguay and 140 MW across Canada and Sweden.

Location	Installed Hash	Pipeline Hash	MW Capacity	Status
New Brunswick, Canada	3.2 EH/s	3.2 EH/s	65 MW	Online
Lachute, Canada	1.4 EH/s	1.4 EH/s	35 MW	Online
Sweden	1.9 EH/s	1.9 EH/s	40 MW	Online
Valenzuela	6.7 EH/s	6.7 EH/s	100 MW	Online
Yguazú Phase 1	5.1 EH/s	5.1 EH/s	100 MW	Online
Yguazú Phase 2	6.7 EH/s	6.7 EH/s	100 MW	Online
Yguazú Phase 3	-	-	100 MW	Calendar Q3 2026
Total	25.0 EH/s		540 MW

 

Fast-Tracking HPC Infrastructure for the AI Supercycle

In November, HIVE's subsidiary BUZZ High Performance Computing Inc. ("BUZZ HPC"), a Canadian-based leader in high-performance computing, ranked number one worldwide for network download speed in the latest SemiAnalysis ClusterMAX™ 2.0 report, a trusted independent benchmark for GPU cloud platforms.

To meet the global surge in compute demand, the Company is accelerating hyperscaler-ready AI and HPC infrastructure on a renewable-energy backbone as record cash flows from Bitcoin mining are funding Tier I to Tier III+ upgrades across its global footprint.

In Toronto, BUZZ HPC is upgrading its 7.2 MW facility for Tier III+ sovereign AI applications, keeping data and compute domestic through operating 2,000 next-generation GPUs. Parallel upgrades in Boden, Sweden, expand Tier III+ capacity to operate an additional 2,000 GPUs for BUZZ HPC operations. This is further complemented by the 2,000 next-generation GPUs that are coming online in BUZZ's partnership with Bell Canada, with the first shipment of 504 GPUs expected to be operational in calendar Q1 2026.

These strategic expansions position HIVE at the forefront of green-energy AI infrastructure, delivering large-scale, high-efficiency compute across North America and Europe. Plans to convert the HIVE New Brunswick Tier I facility to Tier III+ for hyperscaler co-location are also being advanced, with design development and site planning moving forward.

Management Insights

"As we prepare to enter calendar 2026, there is a global arms race as the demand for compute continues to accelerate," said Executive Chairman Frank Holmes. "Our renewable campuses enable low-cost, rapid deployment in months - not years. With Bitcoin's next cycle and AI demand surging, our dual engine model is positioned to capture both supercycles in real time with cash flow from Bitcoin operations driving exponential HPC growth."

Aydin Kilic, President & CEO, added: "HIVE's Paraguay buildout, expanding our global footprint from 6 to 25 EH/s in just six months, has become our model for future growth and our playbook for creating large-scale, renewable digital infrastructure. With one of the world's most efficient Bitcoin mining fleets at 17.5 J/TH and BUZZ HPC ranked number one globally for AI cloud network download speed, we have created a growth flywheel poised to accelerate even further in 2026 and beyond. Our dual engines of growth in data center development for both Tier I Bitcoin mining and Tier III+ HPC conversion compliment our strategy to maximize ROIC in capital deployment."

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 Yguazu, 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/277552

FAQ

How much Bitcoin did HIVE produce in November 2025 (HIVE)?

HIVE reported 290 BTC produced in November 2025, a 182% year-over-year increase.

What hashing capacity did HIVE reach after the Paraguay commissioning (HIVE)?

HIVE's installed global mining capacity reached 25 EH/s, averaging 23.5 EH/s in November and peaking at 25.4 EH/s.

When will HIVE's additional 100 MW Yguazú data center be commissioned (HIVE)?

HIVE targets full commissioning of the additional 100 MW Yguazú data center in calendar Q3 2026.

What is HIVE's reported mining fleet efficiency (HIVE)?

HIVE reported fleet efficiency of approximately 17.5 J/TH.

What AI/HPC capacity expansions did HIVE disclose and when will GPUs be operational (HIVE)?

HIVE is upgrading Tier III+ sites in Toronto and Boden with 2,000 GPUs each and expects the first 504 GPUs from the Bell partnership operational in Q1 2026.

How much of the global Bitcoin network does HIVE claim to control (HIVE)?

HIVE reports its network share continues to exceed 2% of the global Bitcoin network.