Leading cryptocurrency company, **HIVE Digital Technologies** plans to expand its Bitcoin mining operations in North America, as it continues mining investment growth. In their latest attempt, HIVE secured an order from **Canaan**, a renowned Bitcoin hardware maker, aiming to escalate mining efficiency and digital currency holdings. Their effort to boost the hash rate and minimize mining costs appears to be paying off as they've grown their Bitcoin holdings by 50% in the past year. They are also strategizing to intensify their hash rate twofold by the next year. Furthermore, HIVE Digital is pivoting from traditional crypto mining, channeling their focus towards **AI data centers**. With AI-hungry tech giants struggling to keep pace with demand, HIVE aims to utilize their surplus resources to bridge the gap. In an effort to democratize knowledge about cryptocurrencies and negate Bitcoin fear, uncertainty, and doubt, HIVE Digital has launched the **FUD Fighters educational initiative** jointly with Bitcoin Magazine. Interestingly, HIVE Digital is showing a wider market interest with its venture into social-media buzz, demonstrated by their **Hive Cash** initiative. Despite ending Q3 with losses attributed to Ethereum's merge-reduced revenue, HIVE continues steadfastly, acquiring a Swedish data center in a European expansion move. Impressively, ownership of **$68M worth of BTC** and no outstanding costs on their equipment, HIVE is successfully managing their balance sheet. Looking to the future, HIVE plans on purchasing **4,800 Bitmain S19k Bitcoin miners** to further bolster their mining power.
HIVE Coin News Analytics from Fri, 20 Oct 2017 07:00:00 GMT to Wed, 20 Nov 2024 14:43:53 GMT -
Rating 8
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- Information 9
- Rumor -2
