HIVE Digital Technologies reports 62% increase in monthly Bitcoin production

HIVE Digital Technologies has been on a tear. For fiscal year 2026, which ended March 31, 2026, HIVE produced a record 2,885 BTC. That’s a 104% increase over the 1,414 BTC it mined the prior year. Revenue followed suit, hitting $297.8 million for a 158% year-over-year jump.

The production ramp in detail

In July 2025, the firm mined 203 BTC, which itself represented a 24% month-over-month increase from June 2025.

By September 2025, output had climbed to 267 BTC, an 8% gain over the prior month and a 138% improvement compared to September 2024.

January 2026 marked a peak of 297 BTC mined in a single month. For context, HIVE produced just 102 BTC in January 2025, making the year-over-year increase 191%. HIVE’s monthly production reports from late 2025 through early 2026 show output ranging between 247 and 297 BTC.

Paraguay expansion and the hashrate engine

Much of this growth traces back to HIVE’s aggressive expansion in Paraguay, where the company has been building out data center capacity powered by hydroelectric energy. By January 2026, HIVE’s average hashrate reached 22.2 exahashes per second, with peaks touching 23.7 EH/s.

HIVE lists on both the Toronto Stock Exchange and Nasdaq under the ticker HIVE. The company operates facilities across multiple countries, though Paraguay has become its primary growth engine.

The treasury trade-off

Despite mining nearly 2,900 BTC over the fiscal year, the company’s Bitcoin treasury sat at just 150 BTC by March 31, 2026. HIVE has been selling its mined Bitcoin to fund expansion into high-performance computing and AI infrastructure.

This puts HIVE in a different philosophical camp than companies like MicroStrategy (now Strategy), which have made aggressive Bitcoin accumulation the core of their corporate identity.