HIVE Digital Technologies Mines Record Bitcoin in Q2 as Hashrate Triples
In the first quarter of fiscal year 2027, HIVE Digital Technologies mined a record 1,004 Bitcoin (BTC), up from 406 BTC during the same period last year. This represents a significant increase driven by nearly tripling its average operational hashrate to 24.0 exahash per second (EH/s). At Bitcoin's current price of approximately $77,480, this output is valued at around $78 million. The growth in mining output was primarily due to increased computing power directed toward the Bitcoin network rather than changes in block rewards, which have remained fixed since 2024. HIVE’s expansion into AI and high-performance computing through its BUZZ HPC subsidiary complements but does not yet surpass its core mining operations. The company's Paraguay-based data centers play a key role due to their energy efficiency and use of newer-generation machines, contributing significantly to the improved hashrate and profitability.
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