Overview

• HIVE mined 267 BTC in September, an 8% month-over-month increase and roughly 138% higher than a year earlier.
• The company’s average hashrate rose to 2.8 EH/s from 2.2 EH/s in August as daily output reached about nine BTC.
• Phase 3 of the Valenzuela, Paraguay facility is coming online ahead of schedule with roughly half of its hashrate capacity now operational.
• Shares jumped roughly 23% to 25% following the update, with the stock closing at $5.57 on October 6.
• Management guides to a total hashrate target of 25 EH/s by US Thanksgiving with projected fleet efficiency near 17.5 J/TH, while expanding AI cloud and HPC services.