HIVE Digital Technologies Mines Record Bitcoin Amount Amid Tripled Hashrate
In its fiscal first quarter of 2027, HIVE Digital Technologies mined a record 1,004 Bitcoin (BTC), up from 406 BTC in the same period last year. This significant increase is attributed to nearly tripling its average operational hashrate to 24.0 exahash per second (EH/s) compared to 8.7 EH/s previously. At a current price of $77,480 for Bitcoin, this haul amounts to roughly $78 million in value. The growth is especially impactful because the block reward for mining has remained unchanged at 3.125 BTC per block since 2024 and won't change again until around 2028. This means output now depends largely on a miner's share of total network computing power, or hashrate. HIVE operates clean-energy-powered data centers in Canada, Sweden, and Paraguay and is expanding into AI through its BUZZ HPC subsidiary while maintaining mining as the core revenue driver.
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