HIVE Digital Technologies announced a 62% increase in its monthly Bitcoin production during the fourth quarter of 2026. For the fiscal year ending March 31, 2026, the company mined a record 2,885 BTC, a 104% increase from the previous year. This surge in production contributed to a 158% year-over-year revenue increase, reaching $297.8 million.
The company's expansion in Paraguay, which utilizes hydroelectric power, was a key factor in boosting its hashrate to 22.2 exahashes per second by January. This news comes as a HIVE director, Dave Perrill, recently sold 100,000 shares of the company's stock. Analyst ratings for HIVE remain generally positive, with some firms recently raising their price targets.