Popular Bitcoin mining company HIVE Digital Technologies (Nasdaq: HIVE) reported strong results for January 2026, driven by significant hashrate growth, improved fleet efficiency, and stable operations across its global data center network.
The company shared an update on Feb. 5 as per which it produced 297 Bitcoin during the month, up 191% from 102 Bitcoin in January 2025. Average daily production reached 9.6 BTC, even as global Bitcoin mining difficulty increased 30% year over year.
Related: What is Bitcoin mining? Explained
HIVE’s average hashrate for January was 22.2 exahash per second (EH/s), with a peak of 23.7 EH/s. This represents a 290% increase from 5.7 EH/s a year earlier. Fleet efficiency averaged 17.5 joules per terahash (J/TH), with production of 13.4 Bitcoin per EH/s.
In fact, the company sustained more than 2% of the global Bitcoin network hashrate during the month.
The company said its geographically diversified operating model, spanning three continents and nine time zones, helped maintain consistent performance during severe cold weather in the northern hemisphere.
During January, HIVE realized approximately $7.4 million in value through cashless exercises tied to 480 Bitcoin under its 2025 pledge, at an average value of about $102,000 per coin, including exercises at $110,000.
The company said the structure provides Bitcoin downside protection without requiring cash to buy back Bitcoin.
Popular on TheStreet Roundtable:
-
Treasury Secretary Bessent reveals new plan to finance U.S. government
-
Cathie Wood buys crypto stocks aggressively as Bitcoin crashes
-
Analyst predicts Bitcoin drop to $40K following $1T market wipeout
HIVE expects its global hashrate to rise to 25.5 EH/s
Some of the proceeds were used to purchase 2,667 Bitmain S21 XP ASIC miners. These air-cooled units have been delivered to Paraguay and are being installed at the Yguazú facility, replacing older equipment. Once fully deployed, HIVE expects its installed global hashrate to rise to 25.5 EH/s and average fleet efficiency to improve to 17 J/TH.
HIVE currently operates 440 megawatts (MW) of renewable-powered energy capacity. An additional 100 MW of contracted renewable energy is scheduled for deployment in the third quarter of 2026, bringing total capacity to 540 MW.
The company said the added capacity may support both Bitcoin mining expansion and potential future artificial intelligence (AI) and high-performance (HPC) computing workloads.
“Our strength comes from our people and our disciplined execution,” said executive chairman Frank Holmes.
“With 290% year-over-year growth and more than 2% of the global hashrate, HIVE continues to benefit from economies of scale while maintaining the flexibility to navigate volatility while growing our business,” he added.
President and CEO Aydin Kilic said the results reflect long‑term investments in infrastructure, renewable energy, and a decentralized global team.
“January’s results validate our strategy and provide a strong foundation as we expand further into AI and high-performance computing infrastructure,” he added.
Founded in 2017, HIVE Digital builds and operates next‑generation Tier‑1 and Tier‑3 data centers across Canada, Sweden, and Paraguay.