Proactive - Interviews for investors

Hive Digital Technologies reports January BTC production, expands capacity with Paraguay acquisition

Episode Summary

Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to share the company’s unaudited production results for January 2025. HIVE mined 102 BTC, bringing its HODL portfolio to 2,657 BTC, valued at $271 million as of January 31, 2025, based on a Bitcoin price of approximately $102,000. The company’s BTC holdings grew 34% year-over-year, though month-over-month holdings declined due to strategic BTC sales to fund capital investments, including the acquisition of Bitfarms’ 200 MW hydro-powered Bitcoin mining assets in Paraguay. Daubaras highlighted that HIVE maintained an average mining capacity of 5.7 Exahash per Second (EH/s), with fleet efficiency at 22 Joules per Terahash (J/TH). The company achieved a peak BTC-only hashrate of 6 EH/s and a peak BTC-equivalent hashrate of 6.4 EH/s, producing an average of 3.3 BTC per day or 18 BTC per Exahash. A key development in January was HIVE’s acquisition of a 200 MW hydro-powered mining facility in Paraguay from Bitfarms Ltd. The acquisition is expected to significantly boost HIVE’s global Bitcoin mining hashrate to an anticipated 25 EH/s by September 2025, marking a 317% increase from the current 6 EH/s. HIVE estimates a total net cost of $400,000 per MW to complete the Bitfarms site, which, alongside existing operations in Canada and Sweden, will increase the company’s total operational capacity to approximately 430 MW by Q3 2025. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #BitcoinMining #CryptoExpansion #GreenEnergy #Paraguay #BTC #CryptoInvesting #BitcoinETFs #Blockchain #MiningTechnology