HIVE Digital Technologies Provides August 2025 Production Report with 22% Monthly Increase in Bitcoin Production and Phase 3 Expansion

Core Insights - HIVE Digital Technologies reported a 22% month-over-month increase in Bitcoin production for August 2025, indicating operational strength and ongoing expansion in Paraguay [2][6] - The company has completed Phase 2 of the Yguazú Project, achieving over 18 EH/s of global mining capacity and producing more than 8.5 BTC per day using renewable hydroelectric energy [4][6] - HIVE is on track to reach a target of 25 EH/s by U.S. Thanksgiving 2025, with expectations of daily Bitcoin production increasing to approximately 12 BTC [6][8] Production Highlights - HIVE's global fleet has reached a total of 18.5 EH/s, with the deployment of six Bitmain S21+ Hydro containers contributing approximately 350 PH/s [5][6] - The average daily Bitcoin production in August was 8 BTC, with a total of 247 BTC produced compared to 203 BTC in July [7] - The average hashrate for August was 16.3 EH/s, peaking at 18.1 EH/s [7] Management Commentary - Frank Holmes, Co-Founder and Executive Chairman, emphasized the company's 200% increase in capacity since the beginning of 2025, showcasing operational execution across multiple regions [7][8] - Aydin Kilic, President & CEO, highlighted the team's success in exceeding expectations and the focus on accelerating deployment at the Valenzuela site [8] - Darcy Daubaras, CFO, noted the importance of hashrate expansions and daily Bitcoin production as key indicators of growth and operational efficiency in the Bitcoin mining sector [8] Operational Outlook - HIVE anticipates consistent future growth aligned with the economics of its Paraguay operations, with predictable operating costs due to fixed-rate hydroelectric power [9] - Each incremental exahash is expected to contribute to daily Bitcoin production and revenue potential, while power expenses will scale proportionally with machine usage [9] Company Overview - HIVE Digital Technologies Ltd. was founded in 2017 and operates sustainable blockchain and AI infrastructure data centers powered exclusively by renewable hydroelectric energy [10] - The company has a global presence in Canada, Sweden, and Paraguay, focusing on operational excellence and green energy leadership [10]