HIVE Digital Technologies reported that it mined 290 BTC in November 2025, a 182 % year‑over‑year jump from the 103 BTC mined in November 2024. The company’s average daily production rose to 9.7 BTC, and its global hashrate averaged 23.5 EH/s, peaking at 25.4 EH/s after the full deployment of 300 MW of hydro‑powered capacity at its Paraguay Phase 3 Valenzuela campus. The 25 EH/s benchmark places HIVE among the world’s top five Bitcoin miners and confirms the company’s strategy of scaling through green‑energy‑powered data centers.
The record hashrate expansion was matched by a historic fleet efficiency of 17.5 joules per terahash, the lowest in the industry. This efficiency translates into operating costs that remain below $42,000 per Bitcoin, a figure that underscores the company’s ability to keep mining expenses tightly controlled even as network difficulty rises. The combination of high hashrate and low energy intensity has allowed HIVE to maintain a gross operating margin of 21 % in Q3 FY2025, up from 18 % in the same quarter a year earlier.
Financially, HIVE posted a net profit of $1.3 million for Q3 FY2025, a turnaround from the $1.1 million loss reported in Q2. Revenue for the quarter was $29.2 million, down 4 % YoY but supported by a 12 % increase in Bitcoin mining revenue and a 9 % rise in HPC/AI services. The improvement in profitability is largely attributable to the cost‑control benefits of the new hydro‑powered campus, which reduced energy spend per hash, and to the higher mix of high‑margin AI contracts that offset the lower Bitcoin price during the quarter.
Frank Holmes, Executive Chairman, said the dual‑engine model is “positioning HIVE to capture both the Bitcoin and AI supercycles in real time, with cash flow from mining funding exponential HPC growth.” CEO Aydin Kilic added that the Paraguay buildout “has become our playbook for creating large‑scale, renewable digital infrastructure,” and that the company plans to add a 100 MW hydro‑powered campus at Yguazú in early 2026 to further expand its 25 EH/s footprint.
Analysts have responded positively to the results, citing the company’s aggressive hashrate expansion, its efficient green‑energy strategy, and the strong demand for AI services as key drivers of the upbeat outlook. The announcement has reinforced confidence in HIVE’s ability to sustain high production levels while investing in high‑return AI infrastructure, positioning the firm for continued growth in both the Bitcoin and AI markets.
The 25 EH/s milestone and record production signal that HIVE’s dual‑engine strategy is delivering on its promise: a scalable, low‑cost mining operation that fuels a rapidly expanding AI platform. As the company continues to deploy renewable capacity and deepen its AI offerings, it is poised to capture a larger share of the growing digital infrastructure market while maintaining a competitive cost advantage in Bitcoin mining.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.