HIVE Digital Technologies is expanding its
Bitcoin mining operations and integrating
Artificial Intelligence (AI) and High Performance Computing (HPC) into its infrastructure. The company is targeting
3% global Bitcoin production by Thanksgiving, which would be a significant development in the industry. The company aims to reach a capacity of
25 EH/s with a significant contribution from its expansion in Paraguay.
Renewable energy is a key component in HIVE's mining operations, supporting efforts for a more sustainable cryptocurrency market.
The company acquired a Paraguay site from
Bitfarms for $85M and made a massive move into
AI Cloud by purchasing a 7.2MW data center in Toronto, Canada. Meanwhile, HIVE's price surged by 8% as its Bitcoin production hit 247 BTC.
The company sees a future in Bitcoin mining in Paraguay and has hinted at further expansion plans. However, it is facing competition from other miners such as
Hut 8. Other reports involve HIVE mining 2% of the global network, and other major acquisitions related to AI.
The company's stock is considered as one of the top picks in the high-growth tech and crypto spaces. It is on track to double its hashrate by next year.
HIVE Coin News Analytics from Wed, 27 Feb 2019 08:00:00 GMT to Mon, 27 Oct 2025 15:28:06 GMT -
Rating 8
- Innovation 9
- Information 8
- Rumor 7
