Curated News
By: NewsRamp Editorial Staff
May 08, 2024
Hive Digital Reports Strong Bitcoin Production and Operational Growth
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- Hive Digital successfully mined 212 Bitcoins, increasing its total holdings by 4% to 2,377 Bitcoins, maintaining a competitive edge in the industry.
- Hive Digital achieved an average of 43.6 Bitcoin per Exahash with an average mining capacity of over 4.9 Exahash throughout the month.
- HIVE emphasizes ethical sustainability by exclusively using green energy for its mining operations, making the world a better place.
- Hive Digital is expanding its footprint in artificial intelligence using Nvidia GPU chips, driving significant increases in positive operating income.
Impact - Why it Matters
The news highlights Hive Digital's significant increase in Bitcoin production, reflecting the company's strategic efforts to meet the growing demand for Bitcoin. The use of green energy for mining operations also emphasizes the company's commitment to ethical sustainability, which is increasingly important in the context of environmental concerns surrounding cryptocurrency mining.
Summary
Hive Digital Technologies Executive Chairman Frank Holmes revealed that the company mined 212 Bitcoins in April 2024, increasing its total holdings by 4% to 2,377 Bitcoins. The company sustained an average mining capacity of over 4.9 Exahash throughout the month, achieving an average of 43.6 Bitcoin per Exahash.
Hive Digital's growth aligns with its strategic goals to meet the anticipated increased demand for Bitcoin, especially following the launch and approval of spot Bitcoin ETFs. The company emphasizes ethical sustainability by using green energy for its mining operations and is expanding its footprint in artificial intelligence (AI) using Nvidia GPU chips.
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 Operational Growth
