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Production / Operations

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

By The Northwire Desk — AI Analysis Nov 10, 2025 · 01:01 HIVE · 6.57 HIVE Digital Technologies Ltd.
HIVE · Price

Executive Summary

  • HIVE Digital Technologies reported October 2025 Bitcoin production of 289 BTC, an 8% month‑over‑month increase and a 147% year‑over‑year rise, with average daily output of 9.3 BTC.
  • The company completed its 100 MW Phase 3 Valenzuela expansion in Paraguay, bringing total Paraguayan capacity to 300 MW and raising operational hashrate to ~25 EH/s (24 EH/s reported).
  • HIVE announced the conversion of Canadian mining sites into Tier III+ AI/HPC data centers (70 MW Grand Falls campus and a newly acquired 7.2 MW Toronto facility), positioning itself as a major green‑energy AI infrastructure provider in Canada.

Key Details

  • Bitcoin Production – October 2025
  • Produced 289 BTC (↑8% MoM, ↑147% YoY).
  • Average daily production: 9.3 BTC/day.
  • Hashrate averaged 21.9 EH/s (peak 23.6 EH/s).
  • Fleet efficiency: 17.7 J/TH; BTC per EH/s: 13.2 BTC.

  • Network share now >2% of global Bitcoin network.

  • Paraguay Phase 3 Valenzuela Expansion

  • 100 MW Phase 3 completed, fully commissioning final ASICs and containers ~2 weeks ahead of schedule.
  • Total Paraguayan capacity online: 300 MW.

  • Operational hashrate increased from 19.4 EH/s (Sept) to 21.9 EH/s (Oct), a 13% growth.

  • Global Hashrate Outlook

  • Company expects ~25 EH/s operational hashrate this week after curtailments at Canadian sites are resolved.

  • Anticipated average efficiency of ~17.5 J/TH.

  • Canadian AI/HPC Expansion (“Great Transformation”)

  • Grand Falls, NB: converting 70 MW mining campus (supported by 80 MW substation) to Tier III+ AI data center; Phase 1 adds 20 MW liquid‑cooled capacity for up to 25,000 NVIDIA GPUs.

  • Toronto acquisition: 7.2 MW facility slated for Tier III+ sovereign AI applications.

  • Management Commentary

  • Executive Chairman Frank Holmes highlighted that Bitcoin production fuels balance‑sheet strength and funds the AI infrastructure build‑out.

  • President & CEO Aydin Kilic emphasized the “twin‑engine” model of mining cash flow supporting AI compute expansion.

  • Upcoming Financial Disclosure

  • HIVE will release Q2 2026 earnings (six months ended Sep 30 2025) on Friday, Nov 14 2025, with a conference call on Mon, Nov 17 2025 at 8:00 AM EST.

Notable Quotes

  • “Our growth in Bitcoin production fuels more than revenue — it fuels transformation.” – Frank Holmes, Executive Chairman
  • “The twin‑engine model allows HIVE to deliver top‑tier returns while future‑proofing our infrastructure for the AI era.” – Aydin Kilic, President & CEO
Read the original news release →

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