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HIVE Digital Technologies Reports Significant Bitcoin Production Growth
HIVE Digital Technologies announced a Bitcoin production of 290 BTC for November 2025, marking an impressive increase of 182% compared to the same month last year. This new record is attributed to the full ramp-up of mining capacities in Paraguay, showcasing the company's commitment to expanding its operations in the cryptocurrency sector.
"The new high is a direct result of the complete ramp-up of mining capacities in Paraguay," stated the company in their report.
In addition to Bitcoin mining, HIVE is accelerating the expansion of AI data centers across multiple continents to meet the rising demand for computing power. The company has successfully completed the third construction phase at its Valenzuela site, bringing the total planned capacity to 300 megawatts, which enables a mining capacity of 25 exahash per second (EH/s).
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Key Takeaway: HIVE's Bitcoin production has surged significantly, with a production capacity now exceeding 2% of the global Bitcoin network.
Expansion Plans in Paraguay
The company has announced plans to build an additional data center at the existing Yguazú campus, which will have a capacity of 100 megawatts, powered entirely by hydropower. The commissioning of this new facility is scheduled for the third quarter of 2026, which will increase the company's global infrastructure to a total of 540 megawatts, distributed across Paraguay, Canada, and Sweden.
This strategic expansion is expected to further enhance HIVE's position in the market, allowing for increased production and efficiency in Bitcoin mining operations.
Key Takeaway: HIVE is set to expand its infrastructure significantly, with a focus on renewable energy sources for its operations.
BUZZ HPC Achieves Top Ranking in Network Speed
In parallel to its mining expansion, HIVE is investing in its High-Performance Computing (HPC) business. The subsidiary BUZZ HPC achieved the top position in the global SemiAnalysis ClusterMAX 2.0 ranking for network download speed in November. To meet the growing demand for computing power, the existing 7.2-megawatt data center in Toronto will be upgraded to accommodate 2,000 next-generation GPUs.
Similar upgrades are planned for Boden, Sweden, and in partnership with Bell Canada, an additional 2,000 GPUs will be installed, with 504 units expected to be operational in the first quarter of 2026.
Key Takeaway: HIVE's BUZZ HPC is leading in network performance, reflecting the company's commitment to enhancing its computing capabilities.
Management's Dual Strategy for Growth
The Executive Chairman emphasized the significant global demand for computing power, stating that HIVE is well-positioned to implement infrastructure based on renewable energy swiftly. The dual focus on Bitcoin mining and AI infrastructure allows for diversification of revenue streams, with mining serving as a cash flow basis for the data center transformation.
The CEO noted that the rapid expansion in Paraguay from 6 to 25 EH/s within six months will serve as a template for future infrastructure projects, aiming to efficiently develop new sites while maximizing return on investment through sustainable energy and efficient hardware.
Key Takeaway: HIVE's management sees substantial potential in its dual strategy, leveraging Bitcoin mining to support its broader computing infrastructure goals.
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