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HIVE Digital Boosts Bitcoin Holdings and Efficiency

HIVE Digital Boosts Bitcoin Holdings and Efficiency

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

HIVE Digital Technologies Ltd. reported a productive June 2024, mining 119 Bitcoin and increasing their holdings by 2% to 2,496 BTC, with a robust mining capacity of over 4.7 Exahash per second. The company also announced an operational upgrade with 2,150 S21 Pro miners expected to enhance their hashrate to 5.5 EH/s upon installation by the end of July. HIVE’s executive team highlighted their efficiency and low operational costs in the competitive cryptocurrency mining landscape.

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

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