HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has reported a 22% month-over-month increase in Bitcoin production for August 2025, supported by expanded operations in Paraguay.
The company produced 247 Bitcoin during the month, up from 203 Bitcoin in July, with an average daily production rate of 8 Bitcoin.
HIVE reported an average hashrate of 16.3 exahash per second (EH/s) in August, reaching a peak of 18.1 EH/s.
Fleet efficiency was approximately 18.5 joules per terahash (J/TH), and the company recorded 15.2 Bitcoin per EH/s.
Following the completion of Phase 2 of its Yguazú Project, HIVE said it surpassed 18 EH/s of global mining capacity, producing more than 8.5 Bitcoin per day using hydroelectric energy.
The company also confirmed progress at its 100-megawatt Phase 3 Valenzuela site, where construction is substantially complete.
Deployment of application-specific integrated circuits (ASICs) has begun, with six Bitmain S21+ Hydro containers, equivalent to about 350 petahash per second (PH/s), now online. This increased HIVE’s global fleet to 18.5 EH/s.
HIVE stated that Phase 3 represents its third 100 MW of energy infrastructure in Paraguay.
The company is targeting 25 EH/s of capacity by US Thanksgiving.
Once Phase 3 deployment is completed, HIVE anticipates daily Bitcoin production of approximately 12 Bitcoin, with an expected share of 2.5% to 3% of the global Bitcoin mining network at around 17.5 J/TH efficiency.
"After starting 2025 at 6 EH/s, our global team has already scaled capacity by 200%. This remarkable achievement highlights our ability to execute across nine time zones, three continents, and three languages,” HIVE executive chairman Frank Holmes said in a statement.
“As we grow, we also remain committed to being responsible stewards, creating economic opportunities in the communities where we operate."
Darcy Daubaras, Hive's CFO, said the company promptly discloses each EH/s increase in recognition of its materiality to investors.
"In the Bitcoin mining sector, investors and analysts are focused on hashrate expansions EH/s and daily Bitcoin production as critical indicators of a company's growth and operational efficiency and potential,” Daubaras said.
“These metrics, particularly EH/s milestones, are the lifeblood of valuation in this industry, as they directly drive revenue potential in a highly competitive and capital-intensive market.”