HIVE Digital Technologies has successfully grown its
Bitcoin mining capacity to an impressive 16 EH/s, with a goal of reaching 18 EH/s. This surge has bolstered its Bitcoin output to 8 BTC daily, a doubling from previous estimates, leading to a record Q1 revenue. The company's relocation to Texas, a hotbed for digital currencies, also highlights the increasing importance of geographical location in the crypto sector.
Further developments involve HIVE purchasing the Paraguay site from Bitfarms for a substantial $85M and doubling down on its Bitcoin hodl strategy, indicative of confidence in their crypto operations. HIVE's targeting of a $100M run rate by 2026, a result from its shift from Bitcoin mining to High Performance Computing (HPC), also underpins its long-term strategic vision.
Artificial Intelligence has emerged as a key pursuit for HIVE, with envisioned GPU support for Canada’s sovereign AI cloud and a transition toward AI data centers. They've secured a former Apple executive to lead their Cloud Unit in a mighty $100 million push. HIVE's advancements have not only seen the company reap record revenues and profits but also earned it a glowing recommendation from billionaires as one of the best
Bitcoin stocks to buy.
HIVE Coin News Analytics from Wed, 25 Mar 2020 07:00:00 GMT to Tue, 26 Aug 2025 21:00:05 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -1
