HIVE Digital Technologies (NASDAQ:HIVE) reported a massive jump in January production, fueled by a tripling of its mining capacity and the rapid deployment of high-efficiency hardware at its flagship South American facilities.
The Vancouver-based digital infrastructure company produced 297 Bitcoin in January 2026, a 191% increase from the same month last year.
The surge was underpinned by a 290% year-over-year rise in average hashrate, which reached 22.2 exahashes per second (EH/s).
HIVE’s global footprint now accounts for more than 2% of the total Bitcoin network, a critical threshold as the industry consolidates following the 2024 halving.
The company is currently aggressively upgrading its fleet, having recently integrated 2,667 Bitmain S21 XP miners into its Paraguay operations.
This push for efficiency brought the company’s average energy consumption down to 17.5 J/TH, with management projecting an improvement to 17 J/TH as the rollout nears completion.
The expansion isn't limited to hardware; HIVE is on track to increase its total renewable energy capacity from 440 megawatts to 540 megawatts by the third quarter of 2026, diversifying its portfolio to support burgeoning demand for AI and high-performance computing (HPC) workloads alongside its core mining business.