HIVE Digital Technologies .(US:HIVE) Newsfileยท2025-11-10 11:00Core Insights - HIVE Digital Technologies reported October 2025 Bitcoin production of 289 BTC, marking an 8% increase month-over-month and a 147% increase year-over-year [6][7] - The company has surpassed 24 EH/s of operational hashrate, supported by a total of 300 MW capacity in Paraguay, and is now positioned as one of the most efficient digital-asset operators globally [3][4] Production Highlights - Bitcoin production reached 289 BTC, with an average daily production of 9.3 BTC/day [6] - The operational hashrate averaged 21.9 EH/s, with a peak of 23.6 EH/s, reflecting a 13% growth from September [6][7] - Fleet efficiency was recorded at 17.7 J/TH, with production growth outpacing Bitcoin network difficulty [6][7] Expansion and Infrastructure Development - The Phase 3 Valenzuela expansion in Paraguay is complete, bringing the total capacity to 300 MW and operational hashrate to approximately 25 EH/s [4][5] - HIVE is transforming its Canadian operations from Tier I to Tier III+ AI and high-performance computing (HPC) data centers, with significant investments in infrastructure [8][10] - The Grand Falls campus in New Brunswick is being converted into a Tier III+ AI data center, designed to support up to 25,000 NVIDIA GPUs [9] Management Commentary - Management emphasizes that the growth in Bitcoin production is not only enhancing revenue but also funding the transformation of mining campuses into advanced AI infrastructure [11] - The dual focus on Bitcoin mining and AI computing is expected to deliver strong returns while preparing for future technological demands [11] Future Outlook - Each additional exahash is anticipated to increase daily Bitcoin production and revenue potential, with stable operating costs due to fixed-rate hydroelectric power [13] - HIVE aims to continue scaling its operations in both Bitcoin mining and AI computing, aligning with national innovation goals [10][11]