HIVE Digital Technologies Ltd. (HIVE) delivered some eye-catching Bitcoin mining numbers on Thursday, showing what happens when you triple your computing power in a year.

The company mined 297 Bitcoin (BTC) in January 2026, which works out to a 191% increase from January 2025. That's 9.6 Bitcoin per day on average. The real story, though, is in the hashrate—the computational horsepower behind those coins.

The Numbers Behind the Growth

HIVE's hashrate averaged 22.2 EH/s (exahashes per second) for the month, peaking at 23.7 EH/s. That represents a 290% increase from the same month last year. The company now commands over 2% of the entire global Bitcoin network share, which is no small feat in an increasingly competitive mining landscape.

Fleet efficiency clocked in at 17.5 J/TH (joules per terahash), a metric that matters because lower numbers mean you're burning less electricity to generate the same computing power. Speaking of which, HIVE credits its geographically diversified setup—operations spread across nine time zones on three continents—for maintaining high uptime even when weather turns nasty.

The company isn't resting on these results. HIVE picked up 2,667 Bitmain S21 XP ASIC miners to push its global hashrate to 25.5 EH/s and squeeze more efficiency out of its fleet. That's about improving margins and lowering costs as the mining game gets tougher.

Executive Chairman Frank Holmes pointed to disciplined execution and economies of scale as key drivers. President and CEO Aydin Kilic noted that renewable energy and high-efficiency hardware made January's performance possible, setting the stage for expansion into AI and high-performance computing.

Price Action: HIVE shares traded down 1.75% at $2.25 in Thursday's premarket session.