Hive Digital Technologies Sees Uptick in Bitcoin and HODL Growth in March 2024, Moving to 2,287 Bitcoins

Hive Digital Technologies Executive Chairman Frank Holmes shared unaudited production figures for Hive Digital Technologies for March 2024, along with updates on the company's Bitcoin holdings and mining operations. The company had approximately $160 million worth of Bitcoin on its balance sheet at the end of March 2024, with a HODL position of 2,287 Bitcoin. Hive maintained over 4.5 Exahash ('EH/s') of Bitcoin mining capacity and successfully mined 224 Bitcoin during the month. The company's average hashrate remained consistent at 4.5 EH/s throughout the month, with an 11% increase in the monthly average hashrate compared to previous periods. Hive Digital Technologies continues to lead the blockchain technology sector, focusing on enhancing mining efficiency and expanding its green energy-powered data center facilities across Canada, Sweden, and Iceland.