HIVE Digital Technologies .(US:HIVE) Newsfile·2025-09-08 10:00Core Viewpoint - HIVE Digital Technologies reported a 22% month-over-month increase in Bitcoin production for August 2025, driven by operational strength and expansion efforts in Paraguay [2][6]. Production Highlights - HIVE achieved over 18 EH/s of global mining capacity in August, producing more than 8.5 BTC per day using renewable hydroelectric energy [4]. - The company has completed Phase 2 of the Yguazú Project and is now deploying ASICs at the Phase 3 Valenzuela site, with a total global fleet capacity of 18.5 EH/s [5][6]. - HIVE anticipates reaching a daily Bitcoin production of approximately 12 BTC upon completion of Phase 3, representing about 2.5-3% of the global Bitcoin mining network [6]. Management Commentary - Co-Founder and Executive Chairman Frank Holmes highlighted a production increase from 203 BTC in July to 247 BTC in August, with an average daily production of 8 BTC [7]. - President & CEO Aydin Kilic emphasized the company's commitment to accelerating deployment at Valenzuela and achieving a target of 25 EH/s by U.S. Thanksgiving 2025 [8]. - CFO Darcy Daubaras noted that hashrate expansions and daily Bitcoin production are critical indicators of growth and operational efficiency in the Bitcoin mining sector [8]. Operational Outlook - HIVE expects 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 contributes to daily Bitcoin production and revenue potential, while power expenses 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].