HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) reported an 8% month-over-month increase in Bitcoin production during September, as its Phase 3 Valenzuela site in Paraguay is nearing completion.
The company said in a statement Monday that it produced 267 Bitcoin in September, up from 247 in August.
This marked a 138% jump from 112 Bitcoin in the year-ago month and a year-to-date production high.
Average daily production was 9 Bitcoin, with an average hashrate of 19.4 exahash per second (EH/s) and a peak of 21.7 EH/s. Fleet efficiency stood at 18 joules per terahash (J/TH), with 13.8 Bitcoin produced per EH/s.
Average hashrate increased 19% month-over-month in September, rising from 16.3 EH/s in August to 19.4 EH/s, outpacing the 16% rise in Bitcoin network difficulty during the same period.
"HIVE's September milestones demonstrate the power of a focused, dual-engine strategy as our global Bitcoin mining fleet now produces over 9 BTC per day,” HIVE executive chairman Frank Holmes said.
“With data centers spanning 9 time zones, across Canada, Sweden, and Paraguay, we've built a truly global footprint that reflects our commitment to sustainability, capital efficiency, and long-term value creation."
Meanwhile, HIVE said construction on its 100-megawatt Phase 3 Valenzuela build is nearly complete, with civil works finished, hydro containers installed, and the control center operational. The company is now focusing on energizing ASICs and integrating new units into production.
The company’s global Bitcoin mining fleet now totals 21.8 EH/s, powered entirely by renewable hydroelectric energy, HIVE noted.
Additional ASIC units are scheduled to be deployed in October, with HIVE targeting a total hashrate of 25 EH/s by US Thanksgiving at an expected efficiency of about 17.5 J/TH.
"With construction substantially complete at our Phase 3, 100 MW site in Valenzuela, approximately 50% of the hashrate capacity is now online, with commissioning of the remaining hydro containers well underway,” HIVE CEO Aydin Kilic said in a statement.
“The next wave of ASICs is set for installation next week, keeping us on track for 25 EH/s by American Thanksgiving.”