HIVE delivers record dual-engine growth as Bitcoin hashrate surges and BUZZ HPC demand accelerates

Proactive - Interviews for investors

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to the most recent quarter represents the strongest period of dual-engine growth in the company’s history, driven by rapid expansion in both its Bitcoin mining operations and its high-performance computing (HPC) business. Holmes highlighted that the company successfully scaled its Bitcoin mining fleet to 16.2 EH/s by September 30, 2025, and has since reached 25 EH/s currently operational, marking one of the most aggressive efficiency and capacity expansions in the sector. This contributed to digital currency mining revenue of $82.1 million, a 101.2% sequential increase, supported by an 86.2% quarter-over-quarter rise in average hashrate and a modest lift in Bitcoin prices. Direct mining costs totaled $42.1 million, with approximately 88% tied directly to energy, underscoring the company’s ongoing focus on cost discipline and optimized power management. Holmes emphasized that this was a defining quarter for HIVE, with both business pillars—Bitcoin mining and the BUZZ HPC division—achieving record revenue. He noted that while Bitcoin hashprice rose only about 25% year-over-year, HIVE’s revenue surged 285% thanks to aggressive hashrate growth and operational efficiencies. He also underscored the company’s deployment capabilities, pointing to the rapid construction of 300 MW of infrastructure in Paraguay within just six months, demonstrating HIVE’s ability to build at global scale with speed and precision. Holmes also announced a new milestone for HIVE’s subsidiary BUZZ High Performance Computing. BUZZ has signed an agreement with Dell Technologies to deploy its next major wave of AI infrastructure and has formalized operating agreements with Bell for Phase 1 of the BUZZ and Bell AI Fabric rollout. Under the new agreement, BUZZ will deploy a 63-node cluster of liquid-cooled Dell PowerEdge XE9680L servers, powered by 504 next-generation GPUs specifically optimized for AI computing. These systems will be delivered using Dell’s Integrated Rack Scalable Systems (IRSS) architecture, with full installation scheduled at the Bell AI Fabric data center. This deployment builds on BUZZ’s expanding collaboration with Bell and supports the continued development of BUZZ’s sovereign AI Cloud, designed to meet the rising demand for advanced, domestic AI compute capacity. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #CryptoMining #GreenEnergy #BuzzHPC #AIInfrastructure #NvidiaH200 #QuebecDataCenter #SustainableTech #GPUCluster #TorontoTech #AITraining #HiveDigital #LiquidCooling #Supercomputing #GreenEnergyAI #Exahash #HighPerformanceComputing