HIVE Blockchain Technologies (TSE:HIVE) has released an update.
HIVE Digital Technologies Ltd. has reported a successful May 2024 with a 3% increase in Bitcoin holdings, now at 2,451 BTC, and the maintenance of a positive operating margin post-April halving. The company also announced the acquisition of 1,000 new Bitmain S21 Pro Antminers, boosting its mining capacity and efficiency, evidenced by an average daily production of 3.8 BTC. Executive Chairman, Frank Holmes, highlighted HIVE’s resilience and continued focus on profitable, green energy-powered mining amidst macroeconomic challenges.
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