HIVE Digital Technologies, a publicly listed Bitcoin miner from Wall Street, reported lower crypto output in November but announced plans to triple its mining capacity by mid-2025. Despite a decline in production, HIVE's total holdings of Bitcoin grew by 67% year-over-year. The company plans to expand its operations and increase efficiency to reduce production costs and increase its operating margin. The decline in Bitcoin production among the largest miners is attributed to increasing competition and rising mining difficulty. HIVE aims to reach 15 EH/s of total mining capacity by 2025, potentially generating significant annual revenue and mining margin.



Other News from Today