HIVE Amends Bitcoin HODL Value, Details Equity Sales
Company Announcements

HIVE Amends Bitcoin HODL Value, Details Equity Sales

HIVE Digital Technologies (TSE:HIVE) has released an update.

HIVE Digital Technologies Ltd. has corrected its August 2024 Bitcoin holdings to 2,567 BTC valued over $151 million, acknowledging a previous error in the count and valuation. The company also detailed its At-The-Market equity program transactions, selling over 1.3 million shares for approximately $4.46 million, which will fund data center equipment, BTC assets, and working capital. HIVE emphasizes its commitment to green energy in blockchain infrastructure and has plans to expand its mining hashrate after upgrades at its Paraguay facility.

For further insights into TSE:HIVE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyCrypto Currents: CleanSpark acquires two bitcoin mining sites in Mississippi
TheFlyNorthland starts ‘cost-effective operator’ Hive Digital at Outperform
TheFlyHive Digital initiated with an Outperform at Northland
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App