Hive Blockchain Technologies Ltd (TSE:HIVE) has released an update.
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HIVE Blockchain Technologies Ltd. has reported a substantial increase in its Bitcoin mining operations for April 2024, achieving a 4% growth in its Bitcoin holdings to a total of 2,377 BTC and a mining capacity of 5 Exahash. The company’s strategy to accumulate Bitcoin assets is in anticipation of rising demand, and it emphasizes operational efficiency, with plans to leverage its technology for expanding into high-performance computing and AI data services. HIVE’s financial health is underscored by its significant Bitcoin assets, valued at about $150 million, marking a more than 100% increase from the previous year.
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