Hive produces 306 bitcoin in December

Executive Summary

• Hive Digital Technologies reported strong Bitcoin production for December 2025, producing 306 BTC, representing a 197% year-over-year increase and maintaining over 2% of the global Bitcoin network hash rate.
• Full-year 2025 production reached 2,311 BTC, a 31% increase year-over-year, achieved despite a 46% increase in global network difficulty and the impact of the Bitcoin halving.
• The company announced plans to expand its Paraguay hydroelectric data center capacity by 100 MW, targeting full commissioning in Q3 2026, which will bring its total renewable energy footprint to approximately 540 MW.

Key Details

• December 2025 Production:
  • Total Bitcoin Produced: 306 BTC.
  • Year-over-Year Growth: 197% increase (compared to 103 BTC in December 2024).
  • Month-over-Month Growth: 6% increase.
  • Quarter-over-Quarter Growth: 23% increase.
  • Average Daily Production: 9.9 BTC per day.
  • Hash Rate: Averaged 23.3 EH/s, peaking at 24 EH/s.
  • Fleet Efficiency: 17.5 joules per terahash.
  • BTC per EH/s: 13.2 BTC.
• Full-Year 2025 Performance:
  • Total Bitcoin Produced: 2,311 BTC.
  • Year-over-Year Growth: 31% increase (compared to 1,770 BTC in 2024).
  • Network Difficulty: Annual average difficulty was 46% higher in 2025 compared to 2024.
• Expansion and Infrastructure:
  • Planned Expansion: 100 MW of hydroelectric-powered data center capacity at the Yguazu campus in Paraguay.
  • Commissioning Target: Calendar third quarter 2026.
  • Status: Long-lead-time substation components have been ordered.
  • Total Renewable Energy Footprint (Post-Expansion): Approximately 540 MW, comprising:
    • 400 MW in Paraguay.
    • 140 MW across Canada and Sweden.
• Operational Context:
  • Hive operates across three continents, nine time zones, and five languages.
  • Geographically decentralized model maintained high uptime and operational resilience despite extreme cold weather in the northern hemisphere.

Notable Quotes

• Frank Holmes, Executive Chairman: "At Hive, we view bitcoin as bundled, portable energy. Our green data centres convert surplus hydroelectric power into a globally liquid digital asset that can move instantly, without transmission constraints. Maintaining over 2 per cent of the global bitcoin network reflects years of disciplined execution. As bitcoin enters its next cycle and AI compute demand accelerates, our dual-engine model allows us to fund growth organically while maximizing the value of renewable energy."
• Aydin Kilic, President and CEO: "December's results demonstrate the strength of Hive's global operating platform. Seasonal weather events reinforce why we believe in decentralization across multiple geographies. Operating daily across nine time zones allows us to optimize uptime, protect margins and scale efficiently. We are very pleased with the consistent performance and uptime in our Paraguay operations. Our assets generate cash flow today while remaining flexible for tomorrow, positioning Hive to compound value through 2026 and beyond."