Hive Digital announces 112 bitcoin produced in September

HIVE Digital Technologies announces its unaudited production results for September 2024. The company mined 112 Bitcoin, increasing its HODL portfolio by 1.4%, on a month over month basis, reaching a total of 2,604 BTC. HIVE maintained strong Bitcoin mining capacity, ending the month with 5.6 Exahash per second and an average capacity of over 5.3 EH/s, utilizing primarily hydroelectric power. Aydin Kilic, President and CEO, added, “Our primary focus is on upgrading our ASIC fleet, currently operating at 128 MW. Over the next six months, we’ll be enhancing efficiency by replacing older ASICs with S21 Pro models. This upgrade is expected based on factors known today to lower our Bitcoin production cost to approximately $28,500 at current difficulty levels.”