HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced it has exceeded 12 Exahash per second (EH/s) of global Bitcoin mining hashrate, doubling from 6 EH/s at the start of the year, and has reached a $250 million annualized run rate revenue. The milestone follows rapid progress at the company's Yguazú, Paraguay development, where HIVE is constructing three hydro-powered data center campuses.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced an 18% month-over-month increase in Bitcoin production in June, mining 164 Bitcoin compared to 139 in May. The increased output was driven by progress at HIVE's 100 megawatt (MW) Phase 1 facility in Paraguay, the company said on Tuesday.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes talked with Proactive about the company's strategic growth through its expansion into Paraguay and the scaling of its high-performance computing (HPC) capabilities. Holmes outlined how HIVE increased its electricity capacity from 100MW to over 300MW in Paraguay by acquiring Bitfarms' operation.
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Financial - Capital Markets Industry | Financial Services Sector | Aydin Kilic CEO | XSTU Exchange | CA4339211035 ISIN |
CA Country | 20 Employees | - Last Dividend | 24 May 2022 Last Split | 12 Jan 2018 IPO Date |
HIVE Digital Technologies Ltd., originally established in 1987 and headquartered in Vancouver, Canada, stands as a pioneering figure in the realm of cryptocurrency mining, operating across Canada, Sweden, and Iceland. This company, which was known as HIVE Blockchain Technologies Ltd. before rebranding to its current name in July 2023, specializes in the mining and sale of various digital currencies. By firmly positioning itself within the dynamic and ever-evolving cryptocurrency industry, HIVE Digital Technologies continues to leverage cutting-edge technologies to solidify its presence and influence in the global market.
HIVE Digital Technologies Ltd. engages in the high-powered mining of leading digital currencies, including Ethereum Classic, Bitcoin, and an array of other coins. Through strategic operations in geographically advantageous locations like Canada, Sweden, and Iceland, the company ensures optimal mining conditions, leveraging the regions' colder climates to enhance mining efficiency and reduce cooling costs.
As a backbone to its mining operations, HIVE operates state-of-the-art data centers equipped with advanced infrastructure designed to sustain high-level cryptocurrency mining activities. These centers are crafted to support the intense computational demand required for mining operations, ensuring reliability, high availability, and superior performance.
The company doesn’t just mine cryptocurrencies; it also offers robust infrastructure solutions. This involves providing the necessary hardware, software, and expert consultations required to set up and manage efficient mining operations. These services cater to a wide range of clients, from individual enthusiasts to large-scale enterprises, looking to enter or expand within the cryptocurrency mining sector.