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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Production / Operations

HIVE Digital Technologies Achieves 290% Year-Over-Year Hashrate Growth, Strengthening Its Position as a Global Leader in Green-Powered Digital Infrastructure

By The Northwire Desk — AI Analysis Feb 05, 2026 · 01:01 HIVE · 3.12 HIVE Digital Technologies Ltd.
HIVE · Price

Executive Summary

  • HIVE Digital Technologies reported a 290% YoY increase in hashrate to 22.2 EH/s and produced 297 BTC in January 2026, a 191% rise over the prior year.
  • The company executed cashless exercises of its 2025 Bitcoin pledge, realizing ≈ $7.4 M and redeploying proceeds to acquire 2,667 Bitmain S21 XP ASIC miners for its Paraguay site.
  • Total renewable‑powered capacity stands at 440 MW, with an additional 100 MW contracted for Q3 2026, bringing the portfolio to 540 MW and positioning HIVE for future AI/HPC workloads.

Key Details

  • Production Metrics (January 2026)
  • Bitcoin Produced: 297 BTC (+191% YoY vs. 102 BTC in Jan‑25).
  • Average Daily Production: 9.6 BTC/day.
  • Hashrate: 22.2 EH/s average, peaking at 23.7 EH/s (+290% YoY vs. 5.7 EH/s).
  • Fleet Efficiency: 17.5 J/TH (targeting improvement to 17 J/TH after new miner install).
  • BTC per EH/s: 13.4 BTC.

  • Global Bitcoin Network Share: >2% of worldwide hashrate.

  • Cashless Exercise of Bitcoin Pledge

  • Exercised 480 BTC at an average price of ≈ $102,000/BTC (including some exercises at $110,000).
  • Total value realized: ≈ $7.4 M.

  • Proceeds used to purchase 2,667 Bitmain S21 XP ASIC miners delivered to Yguazú, Paraguay.

  • Equipment Upgrade

  • New Bitmain S21 XP ASIC miners installed in Paraguay, replacing legacy Buzzminer units.
  • Expected post‑install hashrate: 25.5 EH/s globally.

  • Anticipated fleet efficiency improvement to 17 J/TH, lowering cost per hash and boosting margins.

  • Renewable Energy Capacity

  • Current operational renewable capacity: 440 MW.
  • Additional contracted renewable energy: 100 MW slated for deployment in Q3 2026.

  • Total future portfolio: 540 MW, supporting both Bitcoin mining and potential AI/HPC workloads.

  • Strategic Outlook

  • Management emphasizes disciplined capital management, downside protection via the pledge, and flexibility to expand into AI/high‑performance computing.
  • No cash calls required for Bitcoin pledge redemption; the pledge provides upside participation when BTC price exceeds strike.

Notable Quotes

“Our strength comes from our people and our disciplined execution… With 290% year‑over‑year growth and more than 2% of the global hashrate, HIVE continues to benefit from economies of scale while maintaining flexibility.” – Frank Holmes, Executive Chairman

“January's results validate our strategy and provide a strong foundation as we expand further into AI and high‑performance computing infrastructure.” – Aydin Kilic, President & CEO

Read the original news release →

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