HIVE Stock Gains Pre-Market As Bitcoin Production Hits 2025 Record

• Hive Digital produced 289 BTC in October, up 8% month-over-month and 147% year-over-year.
• Phase 3 Valenzuela expansion in Paraguay brings operational mining capacity to over 24 EH/s.
• Hive’s production growth outpaced Bitcoin network difficulty increase.

Hive Digital’s (HIVE) stock jumped in pre-market trade on Monday after the company announced its highest Bitcoin (BTC) production numbers this year.

The company also confirmed the completion of its Phase 3 Valenzuela expansion in Paraguay, bringing total operational mining capacity to over 24 exahashes/second (EH/s). The company said the expansion happened ahead of schedule and contributed to its record production.

HIVE’s stock jumped as much as 7% in pre-market trade. However, retail sentiment on Stocktwits dipped to ‘extremely bearish’ from ‘bearish’ over the past day.

Highest Bitcoin Production In 2025

Hive produced 289 Bitcoin in October, which is an 8% increase from last month and a 147% year-over-year rise, marking a new high for 2025. The company said its production growth of 8%, outpaced Bitcoin network difficulty, which increased by 3%.

Hive added that its strong mining performance is what is allowing the company to continue its expansion into Tier III+ artificial intelligence (AI) and high-performance computing (HPC) data centers across Canada. An initiative that the company calls the “Great Transformation.”

“Our teams are executing on multiple fronts — from finalizing Phase 3 in Paraguay to accelerating our AI data-center buildout in Canada,” said Hive President & CEO, Aydin Kilic. “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.” 

Operational Hashrate And Earnings Outlook

Later this week, Hive expects to reach approximately 25 EH/s of operational hashrate, once the intermittent curtailment at its Canadian facilities gets wrapped up. The miner is expected to report earning later this week on November 14. According to Koyfin data, Wall Street is expecting Hive to report earnings per share of $0.02 on revenue of $81 million.

Read also: OpenAI Reportedly Exploring Consumer Healthcare Push With AI Assistants And Data Tools

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