HIVE Digital Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: YO0) (the “Company” or “HIVE”) reports its Bitcoin production figures for October 2025 and confirms the completion of its 100 MW Phase 3 Valenzuela expansion in Paraguay. This brings HIVE’s total Paraguay capacity to 300 MW and supports the Company in surpassing 24 EH/s of global operational mining capacity.
HIVE continues to leverage strong mining performance to support its expansion into Tier III+ artificial intelligence (AI) and high-performance computing (HPC) data centres across Canada.
October 2025 Highlights
- •Bitcoin Produced: 289 BTC (an increase of 8% from September and 147% year-over-year)
- •Average Daily Production: 9.3 BTC
- •Hashrate: Averaged 21.9 EH/s, peaking at 23.6 EH/s
- •Fleet Efficiency: 17.7 J/TH
- •BTC per EH/s: 13.2 BTC
- •Global Network Share: Above 2%
Completion of Phase 3 in Paraguay
HIVE has fully commissioned the final ASICs and infrastructure across its 300 MW of Paraguay capacity, reaching this milestone roughly two weeks ahead of schedule. As the final optimization steps were completed, HIVE delivered:
- •13 percent growth in hashrate from September to October
- •8 percent growth in BTC production despite Bitcoin network difficulty rising 3 percent
- •Record monthly production of 289 BTC
With intermittent curtailment in Canada ending, HIVE expects to reach approximately 25 EH/s of operational hashrate this week, with efficiency near 17.5 J/TH.
Expansion of Canadian AI and HPC Infrastructure
HIVE is advancing its “Great Transformation” plan, transitioning Canadian operations from Tier I Bitcoin mining campuses to Tier III+ AI and HPC facilities under its subsidiary BUZZ High Performance Computing Inc.
Key developments:
- •New Brunswick: Conversion of the 70 MW Grand Falls campus into a Tier III+ liquid-cooled AI center capable of housing up to 25,000 next-generation NVIDIA GPUs.
- •Toronto: Acquisition of a 7.2 MW facility to be upgraded for Tier III+ infrastructure supporting sovereign AI workloads.
These projects position HIVE as a significant developer of green, domestic AI compute infrastructure in Canada.
Executive Commentary
Frank Holmes, Executive Chairman, stated that Bitcoin mining growth continues to strengthen the Company’s balance sheet and supports the investment into advanced AI data centers.
CEO Aydin Kilic highlighted that HIVE’s combined Bitcoin mining and GPU-based HPC businesses allow the Company to scale while preparing for long-term demand in AI computing.
Craig Tavares, President of BUZZ HPC, emphasized that these new facilities support domestic, sustainable AI development.
Upcoming Financial Results
HIVE will release financial results for the six months ended September 30, 2025, on Friday, November 14, 2025, followed by a conference call and webcast on Monday, November 17, 2025, at 8:00 AM EST.
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE was the first public company to mine digital assets using green energy. Today, HIVE operates blockchain and AI data centers across Canada, Sweden, and Paraguay. The Company’s infrastructure supports both Bitcoin mining and GPU-accelerated high-performance computing.
More information: hivedigitaltech.com
Forward-Looking Information Notice
This news release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws. Forward-looking information includes future operational performance, expansion timelines, hashrate targets, infrastructure upgrades, expected efficiencies, and other statements about future plans or expectations. Actual results may differ due to risks including construction delays, regulatory changes, market volatility in cryptocurrency prices, energy availability, technical challenges in data center conversion, and other uncertainties disclosed in the Company’s filings at www.sedarplus.ca and www.sec.gov/EDGAR. HIVE does not undertake to update forward-looking information unless required by law.