HIVE Digital (NASDAQ: HIVE) Rockets 25.17% on Bitcoin Output Growth, Strategic Expansion Drives 58.24% Rally

HIVE Digital Technologies (NASDAQ: HIVE) surged 25.17% on October 6, extending its six-day winning streak with a cumulative 58.24% rally over the past week. The stock hit its highest intraday level since October 2025, climbing 25.84% amid strong momentum driven by operational progress and strategic expansion.

The rally reflects robust Bitcoin production growth, with the company reporting an 8% month-over-month increase in mined Bitcoin in September 2025. This follows a 138% year-over-year rise in output, supported by a 19% MoM jump in global hash rate to 19.4 EH/s. The expansion of its Phase 3 facility in Paraguay, now operating at 100 MW capacity, is accelerating deployment of additional hashrate, with half of the site already online. Executives project reaching 25 EH/s by November 2025, leveraging stable hydroelectric energy to maintain cost efficiency.

HIVE’s reliance on 100% renewable energy across its Canadian, Swedish, and Paraguayan operations underscores its competitive edge. The company’s 17.5 J/TH energy efficiency metric positions it among the industry’s most cost-effective miners, reducing vulnerability to energy price volatility. This strategy aligns with ESG-focused investor preferences, enhancing long-term capital access and corporate resilience.

Strategic diversification into AI cloud capabilities further strengthens HIVE’s growth narrative. By repurposing high-performance computing resources, the firm is expanding beyond Bitcoin mining to capture demand in AI-driven sectors. This dual-industry exposure mitigates reliance on cryptocurrency price swings while optimizing asset utilization. Leadership guidance, including clear hashrate targets and efficiency benchmarks, reinforces confidence in operational discipline and scalability.

Investor sentiment is bolstered by transparent management communication and tangible milestones, such as the accelerated Phase 3 deployment. The stock’s surge reflects market validation of HIVE’s ability to balance Bitcoin mining profitability with emerging tech opportunities, positioning it as a resilient player in a dynamic market landscape.