HIVE Digital mines record 289 Bitcoin in October as it scales to 24 Exahash

Proactive - Interviews for investors

HIVE Digital Technologies Ltd chief financial officer Darcy Daubaras talked with Proactive's Stephen Gunnion about the company's latest performance and strategic direction, highlighting the strength of its dual-engine model. The company produced a record 289 Bitcoin in October, up significantly year-over-year, with Daubaras noting that HIVE now operates at 24 Exahash capacity, with 25 installed. He said this scale is providing strong cash flow, enabling further investment into its growing high-performance computing (HPC) segment. "We've got this incredible 24 Exahash of Bitcoin mining capacity, which is pushing off cash from those operations. And we're using that cash to build up our high performance computing data centers," said Daubaras. He explained that the company is leveraging low-cost, hydroelectric power in Paraguay, which supports its green energy goals. At the same time, Bitcoin revenues are helping to fund a phased build-out of Tier 3 HPC data centers across Montreal, Sweden, Toronto, and New Brunswick. The interview also covered operational efficiency, with HIVE maintaining over 2% of the global Bitcoin network at 17.5 joules per terahash. Daubaras emphasized a focus on continuous miner upgrades and proactive efficiency management. The company’s strategy remains focused on sustainability, low leverage, and building out infrastructure using internally generated cash flow, rather than excessive debt. He also noted growing demand in Canada for sovereign data infrastructure, driven by institutional and government-backed customers. Visit Proactive’s YouTube channel for more updates, and don’t forget to like the video, subscribe to the channel, and enable notifications for future content. #HIVEDigital #BitcoinMining #HighPerformanceComputing #DataCenters #CryptoMining #ParaguayExpansion #SustainableMining #GreenEnergy #DarcyDaubaras #GPUComputing #AIInfrastructure #BlockchainTechnology #ProactiveInvestors