Curated News
By: NewsRamp Editorial Staff
July 09, 2024
Hive Digital Reports Strong Bitcoin Production and Expands Mining Capacity
TLDR
- Hive Digital Technologies increased its Bitcoin holdings by 2%, reaching a total of 2,496 Bitcoin on the balance sheet.
- The company reported mining 119 Bitcoin in June, with an average mining capacity of over 4.7 Exahash ("EH/s").
- Hive Digital Technologies' expansion in mining capacity and Bitcoin holdings demonstrates growth and competitiveness in the cryptocurrency mining industry.
- The upgrade of 1,150 S21 Pro miners and the purchase of 1,000 additional miners will significantly boost the company's total operational hashrate.
Impact - Why it Matters
This news matters as it showcases Hive Digital's significant Bitcoin production and expansion plans, indicating its commitment to growth and competitiveness in the cryptocurrency mining industry.
Summary
Hive Digital Technologies reported mining 119 Bitcoin in June, increasing its holdings by 2% to a total of 2,496 Bitcoin. The company also confirmed the readiness to ship and upgrade of S21 Pro miners, with plans to deploy new machines to reach a total operational hashrate of 5.5 EH/s by the end of July. These advancements position Hive for continued growth and increased competitiveness in the cryptocurrency mining industry.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Hive Digital Reports Strong Bitcoin Production and Expands Mining Capacity
