HIVE mines 2,311 bitcoin in 2025, targets Q3 for 100 MW Paraguay expansion

Jan 07, 2026
By Edwin Ziheng Wang

HIVE (NASDAQ: HIVE) mined 306 Bitcoin in December 2025, marking a 197% increase compared to the same month in the prior year. 

HIVE’s bitcoin mining output rose 6% from November and 23% from the previous quarter, driven by rising hashrate and improved fleet efficiency.

For the full calendar year in 2025, HIVE mined 2,311 bitcoin, a 31% increase from 1,770 bitcoin in 2024.

HIVE averaged a hashrate of 23.3 EH/S in December, with a peak of 24 EH/s and a fleet efficiency of 17.5 J/TH.

The company said that severe winter weather in the “Northern Hemisphere” – likely meaning Canada, given December’s winter storm events in North America – temporarily hindered HIVE’s hashrate during the month. 

Regarding future capacity, HIVE is developing a 100 MW expansion at its Yguazú campus in Paraguay and targeting an online date of Q3 2026.

Upon completion, the company expects its energy footprint to span approximately 540 MW. This total includes 400 megawatts in Paraguay and 140 MW across Canada and Sweden.

At the time of publication, HIVE’s stock is up 3.6% on the day.

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