HIVE Digital Technologies completed its 300‑MW Phase 3 Valenzuela expansion in Paraguay, bringing total installed capacity to 25 EH/s and operational capacity to 24 EH/s—two weeks ahead of schedule. The milestone places HIVE at more than 2 % of the global Bitcoin network hash rate, reinforcing its competitive position and supporting higher revenue generation.
October 2025 Bitcoin production reached 289 BTC, an 8 % month‑over‑month increase and 147 % year‑over‑year growth, averaging 9.3 BTC per day. The jump reflects efficient use of Paraguay’s low‑cost hydroelectric power and the company’s fleet efficiency of 17.7 J/TH, a key driver of profitability in a high‑difficulty environment.
The expansion also underpins HIVE’s dual‑engine strategy. The company is converting existing mining campuses into Tier III+ AI data centers and recently acquired a 7.2‑MW facility in Toronto to support sovereign AI infrastructure. These moves diversify revenue streams and position HIVE to capture growth in the AI and high‑performance computing markets, which are projected to outpace traditional mining returns.
While the announcement focuses on operational metrics, HIVE’s financial outlook remains cautious. The company will report its six‑month results for September 30, 2025, on November 14, 2025. Analysts expect the company to maintain strong cash flow from mining operations, but note that the capital intensity of AI expansion could pressure margins in the near term.
CEO Aydin Kilic emphasized the “twin‑engine model” as a way to fund AI growth with mining revenue. He noted that the Paraguay expansion demonstrates HIVE’s execution capability and that the company is well positioned to leverage its renewable‑energy advantage to support both Bitcoin mining and AI compute.
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