(MENAFN- Newsfile Corp) San Antonio, Texas--(Newsfile Corp. - November 10, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, is pleased to report October 2025 Bitcoin production results and confirms that it has now surpassed 24 EH/s of global mining capacity, supported by 300 megawatts ("MW") of capacity in Paraguay. Strong mining performance continues to power HIVE's expansion into Tier III+ AI and high-performance computing ("HPC") data centers across Canada.

October 2025 Production Highlights

• Bitcoin Produced: 289 BTC (up 8% month-over-month from 267 BTC in September 2025; up 147% year-over-year from 117 BTC in October 2024)

• Average Daily Production: 9.3 BTC/day

• Hashrate: Averaged 21.9 Exahash per Second ("EH/s"), peaking at 23.6 EH/s

• Fleet Efficiency: 17.7 Joules per Terahash ("J/TH")

• BTC per EH/s: 13.2 BTC

HIVE's network share now exceeds 2% of the global Bitcoin network, reinforcing its position among the world's most efficient and sustainable digital-asset operators.

Phase 3 Valenzuela Complete

Following a summer of rapid progress, HIVE is pleased to announce that its 100 MW Phase 3 Valenzuela expansion in Paraguay is now fully complete. The Company has successfully commissioned the final ASICs and containers, bringing the entire 300 MW of Paraguay capacity online approximately two weeks ahead of schedule. With this milestone, HIVE now has 25 EH/s of installed global Bitcoin mining capacity and has surpassed 24 EH/s of operational hashrate.

As the last ASICs came online and the project transitioned from rack-up to full optimization, HIVE delivered:

• 13% Hashrate Growth: from 19.4 EH/s in September to 21.9 EH/s in October.

• Network Outperformance: Production growth (+8%) outpaced Bitcoin network difficulty (+3%).

• Record Production: 289 BTC - a year-to-date high - achieved despite network difficulty at all-time highs.

The Company expects to reach approximately 25 EH/s of operational hashrate this week, following the conclusion of intermittent curtailment at its Canadian facilities, with an average efficiency of approximately 17.5 J/TH.

Canadian Growth: From Tier I to Tier III+ Infrastructure

As Bitcoin mining operations deliver record cash flow, HIVE is channelling these proceeds into the Company's "Great Transformation" - upgrading its Canadian footprint from Tier I Bitcoin data centers to Tier III+ AI and HPC facilities through its subsidiary BUZZ High Performance Computing Inc. ("BUZZ HPC").

In New Brunswick, HIVE is converting its 70 MW Grand Falls campus, supported by an 80 MW substation, into a Tier III+ AI data-center complex. Phase 1 (20 MW) of liquid-cooled capacity is engineered to support up to 25,000 next-generation NVIDIA GPUs for enterprise AI and machine-learning workloads.

Complementing this initiative, BUZZ HPC has acquired a 7.2 MW Toronto facility, which will be upgraded for Tier III+ sovereign AI applications, ensuring that Canadian data and compute remain on domestic soil. Together, these projects position HIVE as one of the largest green-energy AI infrastructure developers in Canada, aligning national innovation goals with shareholder value creation.

Management Commentary

Frank Holmes, Executive Chairman, stated: "HIVE's growth in Bitcoin production fuels more than revenue - it fuels transformation. Each BTC we mine strengthens our balance sheet and finances the conversion of our Tier I mining campuses into Tier III+ AI infrastructure across Canada. We're proving that efficiency, sustainability, and innovation can scale together."

Aydin Kilic, President & CEO, added: "Our teams are executing on multiple fronts - from finalizing Phase 3 in Paraguay to accelerating our AI data-center buildout in Canada. We've built a profitable GPU-driven HPC revenue stream over the past three years, and the momentum continues as we scale both sides of our business: Bitcoin mining and AI compute. This twin-engine model allows HIVE to deliver top-tier returns while future-proofing our infrastructure for the AI era."

Craig Tavares, President of BUZZ HPC, noted: "With our Tier III+ AI campuses in New Brunswick and Toronto, we're building the foundation for sovereign AI in Canada - green, scalable, and homegrown. Bitcoin mining was the blueprint; AI is the evolution."

HIVE Fiscal Q2 2026 Earnings Call

HIVE will release its financial results for the six months ended September 30, 2025 on Friday, November 14, 2025, followed by an earnings conference call and webcast on Monday, November 17, 2025, at 8:00 AM EST.

Registration details are available here.

Future Production and Economics

Each additional exahash increases daily Bitcoin production and revenue potential, while operating costs remain stable with fixed-rate hydroelectric power and minimal labor increases. Power expenses scale with machine usage and align with current cost structures. Results may vary depending on network difficulty and Bitcoin prices.

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered exclusively by green energy. Today, HIVE builds and operates next-generation blockchain and AI data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing (HPC) clients. HIVE's twin-turbo engine infrastructure-driven by Bitcoin mining and NVIDIA GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.

For more information, visit hivedigitaltech, or connect with us on:

X:
YouTube: @HIVEDigitalTech
Instagram:
LinkedIn:

On Behalf of HIVE Digital Technologies Ltd.

"Frank Holmes"
Executive Chairman

MENAFN10112025004218003983ID1110319756