San Antonio, Texas, November 10, 2025 – HIVE Digital Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: YO0) (the “Company” or “HIVE”) reports October 2025 Bitcoin production and confirms completion of the 100 MW Phase 3 Valenzuela expansion in Paraguay. This brings HIVE’s total production capacity in Paraguay to 300 MW, supporting the company’s global operational mining capacity of over 24 EH/s.
HIVE continues to leverage strong mining performance to support expansion into Tier III+ artificial intelligence (AI) and high performance computing (HPC) data centers across Canada.
Highlights of October 2025
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Bitcoin generation: 289 BTC (up 8% from September, 147% YoY)
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Average production per day: 9.3BTC
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Hash rate: Average 21.9 EH/s, peak 23.6 EH/s
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Fleet efficiency: 17.7J/TH
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BTC per EH/sec: 13.2BTC
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Global network share: 2% or more
Paraguay Phase 3 completed
HIVE reached this milestone approximately two weeks ahead of schedule, with the final ASICs and infrastructure fully operational across 300 MW capacity in Paraguay. Once the final optimization steps were completed, HIVE achieved:
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Hashrate increased by 13% from September to October
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BTC production increases by 8% despite Bitcoin network difficulty increasing by 3%
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Recorded monthly production of 289BTC
With the end of intermittent confinement in Canada, HIVE is approx. 25EH/sec The percentage of operational hashrate this week is almost zero, and the efficiency is almost 17.5J/TH.
Expanding Canada’s AI and HPC infrastructure
HIVE is pursuing a “game change” plan to move its Canadian operations from a Tier I Bitcoin mining campus to a Tier III+ AI and HPC facility under its subsidiary BUZZ High Performance Computing Inc.
Main developments:
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New Brunswick: Converting our 70 MW Grand Falls campus into a Tier III+ water-cooled AI center that can accommodate up to 25,000 next-generation NVIDIA GPUs.
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Toronto: Acquire a 7.2 MW facility and upgrade it for Tier III+ infrastructure to support sovereign AI workloads.
These projects position HIVE as a key developer of green domestic AI computing infrastructure in Canada.
executive commentary
Executive Chairman Frank Holmes said the growth in Bitcoin mining continues to strengthen the company’s balance sheet and supports investments in advanced AI data centers.
CEO Aydin Kilic He highlighted that the combination of HIVE’s Bitcoin mining and GPU-based HPC businesses allows it to scale while preparing for long-term demands in AI computing.
Craig TavaresBUZZ HPC President emphasized that these new facilities will support sustainable AI development in the country.
Future financial report
HIVE presents its financial results for the six months ending September 30, 2025. Friday, November 14, 2025followed by a conference call and webcast. Monday, November 17, 2025, 8:00 a.m. ET.
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE is the first publicly traded company to mine digital assets using green energy. Currently, HIVE operates blockchain and AI data centers in Canada, Sweden, and Paraguay. The company’s infrastructure supports both Bitcoin mining and high-performance computing with GPU acceleration.
Detailed information: hivedigitaltech.com
Follow HIVE:
On behalf of HIVE Digital Technologies Ltd.
“Frank Holmes”, Executive Chairman
contact:
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Nathan Fast, Director of Marketing and Branding
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Frank Holmes, Executive Chairman
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Aydin Kilic, President and CEO
Phone number: (604) 664-1078
Notice regarding forward-looking information
This news release contains “forward-looking information” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking information includes statements regarding future operating performance, expansion schedules, hashrate goals, infrastructure upgrades, expected efficiencies, and other statements regarding future plans and expectations. Actual results may differ due to risks including construction delays, regulatory changes, market fluctuations in virtual currency prices, energy availability, technical challenges in data center conversion, and other uncertainties disclosed in our filings. www.sedarplus.ca and www.sec.gov/EDGAR. HIVE does not undertake to update forward-looking information unless required by law.