HIVE Digital Technologies .(US:HIVE) TMX Newsfile·2026-02-05 11:00Core Viewpoint - HIVE Digital Technologies Ltd. reported significant growth in Bitcoin production and operational efficiency, driven by a decentralized and renewable-powered infrastructure, positioning itself as a leader in the blockchain and AI sectors [2][11]. Production Highlights - In January 2026, HIVE produced 297 BTC, representing a 191% increase year-over-year from 102 BTC in January 2025, despite a 30% increase in Bitcoin mining difficulty [14]. - The company achieved a hashrate of 22.2 EH/s, with a peak of 23.7 EH/s, marking a 290% year-over-year growth from 5.7 EH/s in January 2025 [14]. - Average daily production was 9.6 BTC, with fleet efficiency recorded at 17.5 J/TH [14]. Operational Resilience - HIVE's geographically diversified operations across nine time zones and three continents allowed it to maintain steady performance during severe cold fronts in January, while other mining networks faced curtailments [4][5]. - The company has a total operational capacity of 440 MW of renewable energy, with an additional 100 MW scheduled for deployment in Q3 2026, bringing the total to 540 MW [10]. Strategic Execution - HIVE realized approximately $7.4 million through cashless exercises of 480 BTC tied to its 2025 Bitcoin pledge, preserving treasury flexibility and extending redemption timelines [7]. - The company has no cash calls required for Bitcoin buybacks under the pledge, providing downside protection while allowing for potential upside through cashless exercises [8]. Infrastructure Upgrades - HIVE is installing 2,667 new Bitmain S21 XP ASIC miners in Paraguay, which is expected to increase its global hashrate to 25.5 EH/s and improve fleet efficiency to 17 J/TH, enhancing operational efficiency and lowering costs [9]. Management Commentary - Management emphasized the importance of disciplined execution and a decentralized team, which has enabled HIVE to scale efficiently and remain profitable through various market cycles [11].