HIVE Digital Technologies .(US:HIVE) Newsfile·2025-10-06 05:00Core Insights - HIVE Digital Technologies reported a significant increase in Bitcoin production for September 2025, producing 267 BTC, which is an 8% increase month-over-month and a 138% increase year-over-year [5][2] - The company’s average daily Bitcoin production reached 9 BTC, with a hashrate averaging 19.4 EH/s and peaking at 21.7 EH/s [5][6] - HIVE's Phase 3 Valenzuela facility is nearing completion ahead of schedule, with civil works finished and hydro containers installed [4][2] Production Highlights - Bitcoin production for September 2025 was 267 BTC, up from 247 BTC in August 2025 and 112 BTC in September 2024 [5] - The average daily production was 9 BTC, with a hashrate of 19.4 EH/s, which represents a 19% increase from 16.3 EH/s in August [5] - Despite a 16% increase in Bitcoin network difficulty, HIVE achieved record production, underscoring operational strength [5] Facility Update - The Phase 3 Valenzuela facility, with a capacity of 100 MW, is progressing ahead of schedule, with approximately 50% of the hashrate capacity now online [4][7] - The company plans to scale its hashrate to 25 EH/s by U.S. Thanksgiving, with additional ASICs expected to come online in October [6][7] Management Commentary - Frank Holmes, Co-Founder and Executive Chairman, emphasized the effectiveness of HIVE's dual-engine strategy, highlighting the company's commitment to sustainability and operational excellence [7] - Aydin Kilic, President & CEO, noted that disciplined energy management and optimized fleet efficiency have contributed to the current production levels, with plans for further expansion in 2026 [7] Future Production and Economics - HIVE expects future growth to align with the economics of its Paraguay operations, where each additional exahash increases daily Bitcoin production and revenue potential [10] - Operating costs are expected to remain stable due to fixed-rate hydroelectric power and minimal labor increases [10]