HIVE Digital Technologies increases Bitcoin production, hashrate in January

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) reported January 2026 Bitcoin production of 297 BTC, up 191% from 102 BTC a year earlier, as network difficulty increased 30% year over year.

The company said it averaged 9.6 BTC per day during the month.

Average hashrate was 22.2 exahash per second (EH/s), with a peak of 23.7 EH/s, representing 290% year-over-year growth. Fleet efficiency averaged 17.5 joules per terahash, and HIVE reported sustaining more than 2% of the global Bitcoin network hashrate.

HIVE operates mining facilities across Canada, Sweden, and Paraguay, with operations spanning nine time zones and three continents. The company said its geographically distributed model supported consistent performance during January’s cold weather events in the northern hemisphere, with continued uptime at its Paraguayan operations.

“Our operational performance reflects years of focused investment in renewable energy, high-efficiency hardware, and a decentralized global team,” HIVE CEO Aydin Kilic said in a statement.

“January’s results validate our strategy and provide a strong foundation as we expand further into AI and high-performance computing infrastructure.”

The company also disclosed it realized approximately $7.4 million in value from cashless exercises of 480 BTC tied to its 2025 Bitcoin pledge at an average value of about $102,000 per Bitcoin. Proceeds from certain exercises were used to purchase 2,667 Bitmain S21 XP ASIC miners, which are being installed at the Yguazú facility in Paraguay. HIVE expects the upgrades to increase installed global hashrate to 25.5 EH/s and improve average fleet efficiency to 17 J/TH.

HIVE currently operates with 440 megawatts (MW) of renewable-powered energy capacity and has an additional 100 MW scheduled for deployment in the third quarter of 2026, bringing total planned capacity to 540 MW. The company noted that the additional capacity may support future expansion in Bitcoin mining as well as potential AI and high-performance computing workloads.

“Teams operating across nine time zones work with shared purpose and precision, allowing us to scale efficiently and remain profitable through every market cycle,” according to Frank Holmes, HIVE’s executive chairman.

“With 290% year-over-year growth and more than 2% of the global hashrate, HIVE continues to benefit from economies of scale while maintaining the flexibility to navigate volatility while growing our business.”