HIVE Digital Technologies Ltd. (NASDAQ:HIVE) revealed impressive Bitcoin mining results for January 2026, showcasing a dramatic enhancement in operational capacity and output compared to the same month in the previous year. The company recorded a 290% increase in hashrate, a critical measure of mining power, underscoring its accelerated growth within the competitive digital asset mining space.
Specifically, HIVE produced 297 Bitcoins during January, marking a 191% rise over January 2025. This yields an average daily production rate of approximately 9.6 Bitcoins, indicating sustained mining activity and strong system utilization throughout the month.
Delving deeper into the technical metrics, the average hashrate logged was 22.2 exahashes per second (EH/s), with peak levels reaching 23.7 EH/s. This level of computational power stands as a robust increase of 290% compared to the prior year, demonstrating a pronounced scaling of the company’s mining capacity. Fleet efficiency, measured at 17.5 joules per terahash (J/TH), reflects the energy consumption relative to mining output, indicating HIVE’s focus on maintaining energy-efficient operations.
Furthermore, HIVE sustained its share of the global Bitcoin network above 2%, a significant benchmark given the expanding size and difficulty of the Bitcoin ecosystem. Holding over 2% of worldwide Bitcoin hashrate signifies the company’s substantive role in the network’s mining activities.
The company attributes its performance achievements in part to its strategy of distributing mining operations across nine time zones and three continents. This geographically diverse footprint provides resilience and operational continuity, helping to mitigate operational risks such as severe weather disruptions that can impact localized mining facilities.
In a forward-looking development, HIVE recently augmented its mining infrastructure through the acquisition of 2,667 Bitmain S21 XP ASIC miners. This strategic hardware investment is projected to elevate the company’s global hashrate capacity to approximately 25.5 EH/s and further enhance the energy efficiency of its fleet. Such upgrades are integral to HIVE’s objectives to optimize operating margins by increasing throughput while controlling costs.
Executive Chairman Frank Holmes underscored the importance of disciplined, methodical execution in scaling the business, highlighting economies of scale as a critical factor supporting both growth in market share and operational performance. Meanwhile, President and CEO Aydin Kilic emphasized that integrating renewable energy sources with high-efficiency mining technology was instrumental in achieving the robust January results. He also noted that these gains form a foundation for HIVE’s ongoing expansion into adjacent high-performance computing markets such as artificial intelligence.
Despite the positive operational updates, the financial markets reacted cautiously. Shares of HIVE Digital Technologies experienced a decline of 1.75% in premarket trading, closing at $2.25 on the Nasdaq. This movement highlighted some investor hesitation amid the dynamic and volatile environment of cryptocurrency-linked equities.
Bitcoin prices themselves saw a 3.48% decrease, trading around $70,474, reflecting broader market fluctuations on the day of HIVE’s corporate announcement.
In summary, HIVE Digital Technologies has shown notable progress in scaling its Bitcoin mining operations through strategic geographic distribution, significant hardware investments, and a focus on energy-efficient performance. While these operational metrics signal strong momentum, market prices for the company’s stock and Bitcoin remain volatile, underscoring the inherent uncertainties associated with cryptocurrency mining enterprises.