Core Insights - HIVE Digital Technologies reported a Bitcoin production of 289 BTC in October 2025, 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 expanding into Tier III+ AI and high-performance computing data centers in Canada [1][4][8] Production Highlights - Bitcoin production reached 289 BTC, with an average daily production of 9.3 BTC/day [6] - The 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 upgrading its Canadian facilities from Tier I to Tier III+ AI data centers, including a 70 MW campus in New Brunswick and a 7.2 MW facility in Toronto [8][10] Management Commentary - Management emphasized that the growth in Bitcoin production is not only enhancing revenue but also funding the transformation of mining campuses into AI infrastructure [11] - The dual focus on Bitcoin mining and AI computing is expected to deliver strong returns while preparing for future demands in the AI sector [11] Future Outlook - Each additional exahash is projected to increase daily Bitcoin production and revenue potential, with stable operating costs due to fixed-rate hydroelectric power [13] - The company is positioned as a significant player in green-energy AI infrastructure development in Canada, aligning with national innovation goals [10]