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SAN ANTONIO - HIVE Digital Technologies Ltd. (TSXV:HIVE) (NASDAQ:HIVE), a $611 million market cap crypto mining company, reported a 22% month-over-month increase in Bitcoin production for August 2025, mining 247 BTC compared to 203 BTC in July. According to InvestingPro data, the company has shown strong momentum with positive returns over both one and three months, despite the sector’s volatility.
The company’s average daily production reached 8 BTC with an average hashrate of 16.3 EH/s during August, peaking at 18.1 EH/s. HIVE maintained a fleet efficiency of approximately 18.5 J/TH, producing 15.2 BTC per EH/s. With a healthy current ratio of 3.42 and moderate debt levels, HIVE appears well-positioned to sustain its operational expansion.
HIVE has completed Phase 2 of its Yguazú Project in Paraguay and has begun deploying ASICs at its 100 MW Phase 3 Valenzuela site, with the first six Bitmain S21+ Hydro containers now online. The company’s global fleet currently totals 18.5 EH/s.
The Valenzuela site represents HIVE’s third 100 MW green energy infrastructure project in Paraguay. The company aims to reach 25 EH/s by U.S. Thanksgiving 2025, which would represent approximately 2.5-3% of the global Bitcoin mining network.
"After starting 2025 at 6 EH/s, our global team has already scaled capacity by 200%," said Frank Holmes, Co-Founder and Executive Chairman, according to the press release.
HIVE’s President and CEO Aydin Kilic noted that the company is focusing on accelerating deployment at the Valenzuela site, while CFO Darcy Daubaras emphasized the importance of hashrate expansions and daily Bitcoin production as critical indicators for investors.
The company expects future growth to align with the economics of its Paraguay operations, where it uses renewable hydroelectric energy. Each incremental exahash adds to daily Bitcoin production while operating costs remain predictable due to fixed-rate power agreements. With analyst price targets ranging from $5 to $11 and an overall "GOOD" Financial Health Score from InvestingPro, which offers 12+ additional exclusive insights and a comprehensive Pro Research Report for deeper analysis.
In other recent news, HIVE Digital Technologies Ltd. has completed Phase 2 of its Yguazú facility ahead of schedule, achieving over 18 exahash per second (EH/s) of global Bitcoin mining capacity. The company is currently mining more than 8.5 Bitcoin per day, with its operations in Paraguay powered by renewable hydroelectric energy from the Itaipú Dam. Keefe, Bruyette & Woods has reiterated an Outperform rating for HIVE Digital, highlighting improvements in revenue and wider margins in the first quarter of fiscal 2026. Canaccord Genuity has raised its price target for the company to $10.00, maintaining a Buy rating and noting HIVE’s attractive valuation and expected hash rate ramp-up. H.C. Wainwright also reiterated a Buy rating with a $6.00 price target, emphasizing the company’s rapid hash rate expansion and growth in its high-performance computing business. HIVE Digital recently held an investor day at Nasdaq, where management provided updates on its Bitcoin mining and HPC/AI operations. The company has more than doubled its deployed hash rate in less than six months, reaching 12.5 EH/s through rapid energization and rig deployments at its Paraguay datacenter.
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