CandleFocus This Wall Street Bitcoin Miner Buys 11,500 New Rigs, While BTC Approaches $100,000
2024-11-21
Author: Content Editor
HIVE Digital Technologies, a publicly listed Bitcoin miner, has announced a significant expansion of its mining capabilities with the purchase of 5,000 new Avalon A15-194T ASIC miners. This follows a previous order of 6,500 miners earlier in the month, bringing HIVE's total purchases to 11,500 units. The company expects these upgrades to increase its operational capacity to 6.4 exahash per second (EH/s) by the end of 2025. The new miners will improve energy efficiency and replace older equipment. HIVE is focused on operational optimization and improving financial performance, with a net loss before tax of $7.3 million in Q3 2024. The company also provided updates on the construction of its facility in Paraguay and plans to cement its position as a leading Bitcoin miner.
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