HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that it produced 290 Bitcoin in November, marking a year-to-date monthly high and a 182% increase from the same month in 2024.
The company said average daily production was 9.7 BTC, with hashrate averaging 23.5 exahash per second (EH/s) and peaking at 25.4 EH/s. Fleet efficiency was 17.5 joules per terahash.
HIVE said its network share remained above 2% of the global Bitcoin network.
The company attributed its results in part to the full deployment of 300 megawatts (MW) of capacity at its Paraguay operations, achieved two weeks ahead of schedule following commissioning of the final ASICs at the Phase 3 Valenzuela campus. This brought HIVE’s installed mining capacity to 25 EH/s.
HIVE plans to build an additional 100 MW hydroelectric-powered data center at its Yguazú campus in early 2026, targeting full commissioning in the third quarter of 2026.
The expansion would bring the company’s renewable-energy infrastructure to 540 MW across Paraguay, Canada, and Sweden.
HIVE also highlighted growth in its high-performance computing division.Its subsidiary BUZZ High Performance Computing Inc. ranked first globally for network download speed in the SemiAnalysis ClusterMAX 2.0 benchmark, according to the company.
HIVE said it is accelerating development of Tier I to Tier III+ AI and HPC infrastructure, funded by cash flows from mining operations.
Upgrades are underway at BUZZ HPC’s 7.2 MW Toronto facility to support 2,000 next-generation GPUs, with similar Tier III+ expansion in Boden, Sweden.
The partnership with Bell Canada is expected to bring 2,000 additional GPUs online, with the first 504 scheduled to be operational in the first quarter of 2026.
HIVE said it is also advancing plans to convert its New Brunswick Tier I facility to Tier III+ co-location standards.
"As we prepare to enter calendar 2026, there is a global arms race as the demand for compute continues to accelerate," HIVE’s executive chairman Frank Holmes said in a statement.
"Our renewable campuses enable low-cost, rapid deployment in months - not years. With Bitcoin's next cycle and AI demand surging, our dual engine model is positioned to capture both supercycles in real time with cash flow from Bitcoin operations driving exponential HPC growth."
Aydin Kilic, HIVE CEO, added that the company’s Paraguay buildout, which expanded its global footprint from 6 to 25 EH/s in six months, has become its playbook for creaking large-scale renewable digital infrastructure.
“With one of the world's most efficient Bitcoin mining fleets at 17.5 J/TH and BUZZ HPC ranked number one globally for AI cloud network download speed, we have created a growth flywheel poised to accelerate even further in 2026 and beyond,” Kilic said.
“Our dual engines of growth in data center development for both Tier I Bitcoin mining and Tier III+ HPC conversion compliment our strategy to maximize ROIC in capital deployment."