Hive Digital presented an impressive performance in sales increasing by 36%, exploring further into the realm of AI computing. With
Bitcoin halving impending, Hive's expansion involves massive mining facilities in
Paraguay and in
Sweden to bolster their reserve to 2.5k Bitcoin. Their enhanced capacity involves a powerful purchase of 4,800
Bitmain S19k Bitcoin Miners and their reported annual revenue reaching $114.5 Million with 2,287 Bitcoin on their balance sheet. With the surge of Bitcoin past $41,800, Hive has diversified its services into
AI and high-performance computing operations. Hive mining power also proven significant with the acquisition of a Swedish data center and another Swedish demand affecting the
crypto miners tax. Despite the integration of AI and embracing the cloud computing services, Hive Digital's
Q3 revenue suffered a loss due to Ethereum Merge which cut their revenue and mining margin. Hive also decided to drop 'blockchain' from its name to echo its pivot to AI.
Steem community's successful hard folk into Hive network marked significant development. Furthermore, Hive demonstrated resilience by holding on to the
Bitcoin it mined during 2021 while selling some Ether. In conclusion, Hive amassed commendable growth with its Blockchain shares increasing by 100% YTD and deploys Intel's Blockscale Chip for Bitcoin Mining Machines.
HIVE Coin News Analytics from Wed, 25 Oct 2017 07:00:00 GMT to Tue, 13 Aug 2024 15:31:25 GMT -
Rating 7
- Innovation 9
- Information 9
- Rumor -4
