Core Insights - Hive Digital Technologies reported significant year-over-year growth in Bitcoin production for January 2026, producing a total of 297 Bitcoin, which is a 191% increase compared to the same period last year [1] - The company's average daily production was approximately 9.6 Bitcoin per day, with an average hashrate of 22.2 exahash per second (EH/s), peaking at 23.7 EH/s, marking a 290% year-over-year increase [1] - The performance improvements are attributed to ongoing infrastructure investments, disciplined fleet upgrades, and a geographically diversified operating model [1] Production and Efficiency - The addition of 2,667 new Bitmain S21 XP ASIC miners is expected to enhance operational efficiency and overall performance [1] - These new miners are being installed at the Yguazú facility in Paraguay, replacing older Buzzminer ASICs [1] - Once fully installed, the new miners are projected to increase the company's installed global hashrate to approximately 25.5 EH/s and improve global average fleet efficiency to about 17 joules per terahash (J/TH) [1] Strategic Positioning - The upgrades position Hive to continue delivering competitive production results while focusing on efficient, scalable, and sustainable digital asset infrastructure [1]

Core Insights - HIVE Digital Technologies reported strong performance in January 2026, with a significant increase in Bitcoin production and hashrate growth [1][2] Group 1: Production and Performance - The company produced 297 Bitcoin in January 2026, a 191% increase from 102 Bitcoin in January 2025 [1] - Average daily production reached 9.6 BTC despite a 30% year-over-year increase in global Bitcoin mining difficulty [1] - HIVE's average hashrate for January was 22.2 EH/s, peaking at 23.7 EH/s, representing a 290% increase from 5.7 EH/s a year earlier [2] Group 2: Operational Efficiency - Fleet efficiency averaged 17.5 J/TH, with production of 13.4 Bitcoin per EH/s [2] - The company maintained over 2% of the global Bitcoin network hashrate during January [2] - HIVE's geographically diversified operating model across three continents helped sustain performance during severe cold weather [3] Group 3: Financial Performance - HIVE realized approximately $7.4 million in value through cashless exercises tied to 480 Bitcoin, with an average value of about $102,000 per coin [3] - The company expects its global hashrate to rise to 25.5 EH/s following the installation of new mining equipment [5] Group 4: Renewable Energy and Future Plans - HIVE currently operates 440 MW of renewable-powered energy capacity, with an additional 100 MW scheduled for deployment in Q3 2026 [6] - The added capacity may support Bitcoin mining expansion and potential future AI and HPC computing workloads [6] Group 5: Leadership Perspective - The executive chairman emphasized the company's strength comes from its people and disciplined execution [7]

Core 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].