- Hive Digital produced 289 Bitcoin in October, an 8% increase from the previous month and a 147% rise compared to the same period last year.
- The October results represent the company’s highest Bitcoin production for 2025 so far.
- Hive Digital completed Phase 3 of its Valenzuela facility expansion in Paraguay, raising total mining capacity to over 24 exahashes/second (EH/s).
- Hive stated that strong mining output is helping to support its expansion into Artificial Intelligence and high-performance computing data centers in Canada.
- The company’s stock price rose up to 7% in pre-market trading, but sentiment among retail investors on Stocktwits shifted to ‘extremely bearish.’
Hive Digital, a digital asset mining company, reported record Bitcoin production for October, generating 289 Bitcoin. This level shows an 8% increase from the previous month and a 147% year-over-year boost, setting a new high for the company in 2025. The company’s average operational hashrate for the month was 21.9 EH/s, with a peak of 23.6 EH/s.
The company also announced the completion of its Phase 3 Valenzuela expansion in Paraguay, which increased its total operational mining capacity to more than 24 EH/s. Hashrate refers to the overall computational power used to validate and process blockchain transactions, measured in exahashes per second (EH/s).
Hive Digital attributed its ongoing expansion into higher-tier artificial intelligence (AI) and high-performance computing (HPC) data centers across Canada to the strength of its mining performance.
Following the announcement, the company’s stock rose by as much as 7% in pre-market trading. Despite positive production news, retail investor sentiment on Stocktwits turned “extremely bearish” from “bearish” over the previous day, as noted in updates to this developing story.
For additional details, see the source’s coverage.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Jim Chanos Doubles Profit Shorting MSTR, Goes Long Bitcoin
- GlassWorm Malware Targets VS Code with New Malicious Extensions
- Saudi Arabia Nears Launch of State-Backed Stablecoin, Pioneering Fintech
- OpenAI Eyes Healthcare, Aims to Solve Personal Health Record Puzzle
- Jim Chanos Ends MSTR Short, Signals Bitcoin Treasury Bottom
