HIVE Digital (HIVE) Technologies announces its unaudited production results for October 2024. Bitcoin Production: HIVE mined 117 BTC, marking a 1% increase month-over-month and bringing its HODL portfolio to 2,624 BTC, a 51% increase year-over-year. Maintained an average mining capacity of 5.3 EH/s with fleet efficiency at 22.3 Joules per Terahash. hIVE recently began construction of its new 100 MW facility in Paraguay, an hour from the capital city of Asuncion. Frank Holmes, Executive Chairman, commented, “Our team’s prudent capital management, coupled with monthly ASIC upgrades to more energy efficient chips, has allowed us to grow our Bitcoin portfolio, minimize dilution, and cover operational expenses. The Paraguay facility is a critical component of our Bitcoin growth strategy, and it positions HIVE to deliver long-term value to shareholders through sustainable and profitable growth.”
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