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HIVE Digital Technologies Reports Significant Increase in Bitcoin Production
HIVE Digital Technologies has announced a remarkable 62% increase in its monthly Bitcoin production, culminating in a record output of 2,885 BTC for the fiscal year 2026, which ended on March 31, 2026. This figure represents a 104% increase from the 1,414 BTC mined in the previous year, with revenue soaring to $297.8 million, marking a 158% year-over-year growth.
The company's production ramp began in July 2025, when it mined 203 BTC, reflecting a 24% increase from June. By September 2025, production rose to 267 BTC, an 8% gain from the previous month and a 138% improvement compared to September 2024. January 2026 saw the peak monthly production of 297 BTC, a significant jump from just 102 BTC mined in January 2025, indicating a year-over-year increase of 191%.
HIVE's expansion efforts in Paraguay, where it has been building data center capacity powered by hydroelectric energy, have been pivotal to this growth. By January 2026, the company's average hashrate reached 22.2 exahashes per second, with peaks of 23.7 EH/s. HIVE operates facilities in multiple countries, but Paraguay has emerged as its primary growth engine.
Despite mining nearly 2,900 BTC during the fiscal year, HIVE's Bitcoin treasury stood at only 150 BTC by March 31, 2026. The company has opted to sell its mined Bitcoin to finance its expansion into high-performance computing and AI infrastructure, differentiating its strategy from other firms that focus on accumulating Bitcoin as a core part of their business model.
Source: KLEA News