HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE, BVC:HIVECO) told investors it produced 306 Bitcoin in December, up 197% from the 103 Bitcoin produced in the previous year, despite a 40% year-over-year increase in Bitcoin mining difficulty during the month.
Production also rose 6% from November and 23% quarter-over-quarter, supported by higher hashrate and improved fleet efficiency.
HIVE reported average daily production of 9.9 Bitcoin in December.
The company’s hashrate averaged 23.3 exahashes per second, with a peak of 24 exahashes per second, while fleet efficiency averaged 17.5 joules per terahash. Bitcoin production per exahash totaled 13.2 Bitcoin for the month. HIVE said it continued to operate at more than 2% of the global Bitcoin network.
Frank Holmes, HIVE executive chairman, highlighted this achievement, which he said reflects years of disciplined execution.
"At HIVE, we view Bitcoin as bundled, portable energy. Our green data centers convert surplus hydroelectric power into a globally liquid digital asset that can move instantly, without transmission constraints,” Holmes said.
“As Bitcoin enters its next cycle and AI compute demand accelerates, our dual-engine model allows us to fund growth organically while maximizing the value of renewable energy."
The company noted that extreme cold weather in parts of the Northern Hemisphere temporarily affected peak hashrate availability. However, HIVE said its geographically diversified operations, spanning three continents, helped maintain production consistency and high uptime.
“Seasonal weather events reinforce why we believe in decentralization across multiple geographies,” said Aydin Kilic, HIVE CEO.
“Operating daily across nine time zones allows us to optimize uptime, protect margins, and scale efficiently. We are very pleased with the consistent performance and uptime in our Paraguay operations.”
For the full year 2025, HIVE produced 2,311 Bitcoin, a 31% increase from 1,770 Bitcoin in 2024.
The company said the increase was achieved despite the Bitcoin halving and higher network difficulty, with the annual average mining difficulty in 2025 reported to be 46% higher than in the prior year.
Looking ahead, HIVE plans to develop an additional 100 megawatts of hydroelectric-powered data center capacity at its Yguazú campus in Paraguay, with full commissioning targeted for the third quarter of 2026.
The company said long-lead substation components have been ordered. Upon completion, HIVE expects its renewable energy footprint to reach approximately 540 megawatts, including 400 megawatts in Paraguay and 140 megawatts across Canada and Sweden.
Canadian-listed shares of HIVE climbed 3.6% on Wednesday morning, while its Nasdaq-listed shares were up around 1%.