Bitcoin News Today: HIVE's Hydro-Powered Expansion Drives 138% Bitcoin Production Surge


HIVE Digital Technologies Ltd. reported a record BitcoinBTC-- production of 267 BTC in September 2025, marking a 138% year-over-year increase and an 8% month-over-month rise from 247 BTC in August. The company's average daily output reached 9 BTC/day, driven by a 19% monthly increase in hashrate to 19.4 exahash per second (EH/s), with a peak of 21.7 EH/s. The results highlight HIVE's ability to outpace the 16% rise in Bitcoin's network difficulty, which climbed to 151 trillion (T) from 130 T in August[1].
The growth was fueled by the completion of civil works and hydro container installations at HIVE's 100 MW Phase 3 Valenzuela facility in Paraguay, now 50% operational. The company's global Bitcoin mining fleet now totals 21.8 EH/s, with an efficiency of 18 joules per terahash (J/TH). HIVEHIVE-- aims to scale to 25 EH/s by U.S. Thanksgiving 2025, maintaining an average efficiency of 17.5 J/TH[1]. The expansion is underpinned by renewable hydroelectric energy, aligning with the company's sustainability strategy.
HIVE's performance in September followed a 24% month-over-month production increase in July, when the company mined 203 BTC. The July output was driven by the deployment of 4 EH/s of next-generation Bitmain S21+ hydro-cooled ASICs at its Yguazú facility[2]. By August, the company's average daily production had risen to 7.5 BTC/day, with its global hashrate surpassing 15 EH/s[2].
The company's management emphasized its dual-engine strategy, combining Bitcoin mining with high-performance computing (HPC) initiatives under BUZZ HPC. Frank Holmes, Executive Chairman, noted that HIVE's operations span nine time zones across Canada, Sweden, and Paraguay, leveraging green energy and operational efficiency to drive long-term value[1]. Aydin Kilic, President & CEO, highlighted the disciplined deployment of ASICs and the anticipated 25 EH/s target by late 2025, which would generate approximately 12 BTC/day under current network difficulty[1].
Future production is expected to follow the economic model of HIVE's Paraguay operations, where each additional exahash increases daily revenue while keeping operating costs stable. The company's Bitcoin "pledge strategy," which secures expansion funding by temporarily pledging $200 million worth of Bitcoin to suppliers, has enabled growth without equity dilution[2]. HIVE's cash flow from mining operations is projected to fund further expansion into HPC and GPU AI cloud services in 2026[1].
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