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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Production / Operations

RETRANSMISSION: HIVE Digital Technologies September Bitcoin Production at 267 BTC, Climbs 8% MoM and 138% YoY, Surpassing 21 EH/s and Now Producing 9 BTC Per Day

By The Northwire Desk — AI Analysis Oct 06, 2025 · 06:01 HIVE · 6.24 HIVE Digital Technologies Ltd.
HIVE · Price

Executive Summary

  • HIVE Digital Technologies reported September 2025 Bitcoin production of 267 BTC, an 8% month‑over‑month increase and a 138% year‑over‑year rise.
  • The company’s Phase 3 Valenzuela 100 MW mining facility is ahead of schedule; civil works are complete, hydro containers installed, control center live, and ASIC energization underway.
  • Hashrate grew to 19.4 EH/s (up 19% MoM), positioning HIVE for a target of ~25 EH/s by U.S. Thanksgiving with an expected fleet efficiency of ~17.5 J/TH.

Key Details

  • September Production Highlights
  • Bitcoin Produced: 267 BTC (↑8% MoM, ↑138% YoY)
  • Average Daily Production: 9 BTC/day
  • Hashrate: 19.4 EH/s average (peak 21.7 EH/s)
  • Fleet Efficiency: 18 J/TH

  • BTC per EH/s: 13.8 BTC

  • Phase 3 Valenzuela Commissioning

  • 100 MW build nearing completion; civil works finished, hydro containers installed, control center operational.
  • ASIC integration in progress; ~50% of hashrate capacity already online.

  • Expected to reach 25 EH/s by U.S. Thanksgiving (late November) with efficiency improving to ≈17.5 J/TH.

  • Hashrate Growth & Network Context

  • Month‑over‑month hash rate increase: 19% (16.3 EH/s → 19.4 EH/s).

  • Bitcoin network difficulty rose 16% (130 T → 151 T) during the same period; HIVE’s production outpaced this rise.

  • Global Fleet & Energy Source

  • Total fleet now at 21.8 EH/s, powered entirely by renewable hydroelectric energy.

  • Additional ASICs scheduled for October deployment.

  • Management Commentary

  • Frank Holmes (Co‑Founder & Executive Chairman) highlighted the dual‑engine strategy, AI cloud expansion, and sustainability focus.

  • Aydin Kilic (President & CEO) emphasized on‑track commissioning, cash flow generation from mining to fund HPC/AI growth, and a goal of leading sector ROIC.

  • Future Production & Economics

  • All Phase 3 ASIC purchases funded and shipped; future growth tied to stable hydroelectric power costs and fixed labor.
  • Revenue potential scales with added exahash, while operating expenses remain largely fixed.

Notable Quotes

“Our September milestones demonstrate the power of a focused, dual‑engine strategy as our global Bitcoin mining fleet now produces over 9 BTC per day.” – Frank Holmes, Co‑Founder & Executive Chairman

“With disciplined energy management and optimized fleet efficiency, our current 9 BTC/day production… demonstrates the resilience of our Paraguay‑based engineering and technical teams.” – Aydin Kilic, President & CEO

Read the original news release →

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