Hive scales hashrate to 21 EH/s with Paraguay expansion

Core Insights - HIVE Digital Technologies reported a significant increase in Bitcoin production for September 2025, with an output of 267 BTC, marking an 8% month-over-month increase and a 138% year-over-year growth [1] - The company attributes much of this output increase to the opening of its 100 MW Phase 3 Valenzuela plant in Paraguay, with nearly half of the facility's hashrate capacity now operational [2] - HIVE's average hashrate rose by 19% from August to September, increasing from 16.3 EH/s to 19.4 EH/s, and briefly reaching 21.7 EH/s [3] Production and Efficiency - The firm's Bitcoin mining fleet currently produces an average of 9 BTC per day, and the company has managed to maintain operational efficiency despite rising mining difficulties, which increased by 16% across the Bitcoin network [4] - HIVE expects to reach a hashrate of 25 EH/s by U.S. Thanksgiving, with a projected average fleet efficiency of 17.5 joules/terahash (J/TH) [4] Future Outlook - All ASIC purchases for Phase 3 have been shipped, and the company anticipates revenue growth to align with future increases in hashrate [5] - HIVE considers Paraguay a scalable market due to stable energy costs and fixed infrastructure, contributing to its operational efficiency [5] - Following the announcement, HIVE's stock surged over 25%, closing at $5.57 on October 6 [5]