HIVE Digital Technologies enhances Bitcoin mining capacity | 2023-12-22 | Investing News

• HIVE Digital Technologies (TSXV:HIVE) recently purchased 7,000 units of the new Bitmain S21 Antminer to fortify its Bitcoin mining capacity
• The units, which will be delivered between Jan. and June 2024, will add 1.4 Exahash to the company’s operations, bringing its total ASIC capacity to 8 Exahash
• HIVE Digital Technologies offers exposure to Bitcoin and the high-performance computing industry
• HIVE Digital Technologies stock (TSXV:HIVE) is up by 194.55 per cent year-over-year, and by 362.86 per cent over the past five years

HIVE Digital Technologies (TSXV:HIVE) recently purchased 7,000 units of the new Bitmain S21 Antminer to fortify its Bitcoin mining capacity.

The units, which will be delivered between Jan. and June 2024, will add 1.4 Exahash to the company’s existing 140 MW of green energy infrastructure, increasing its average fleet efficiency to 25 J/TH and 5.8 ExaHash.

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In combination with HIVE’s ASIC inventory fleet of 6.6 Exahash, the new miners delivery brings the company’s total ASIC capacity to 8 Exahash.

HIVE’s plans to expand production to 8 Exahash in 2024, HODL its Bitcoin production and continue to expand its high-performance computing platform through its growing investment in Nvidia chips.

The order brings HIVE’s purchases of new-generation ASICs in November to 16,800 Bitmain ASICs, including 5,000 S19 kPro Antminers, 4,800 S19 kPro Antminers, and the new 7,000 S21 Antminers. Its investment coincides with a crypto bull market led by Bitcoin’s 158.54-per-cent rise year-to-date, bringing the price of one coin to an astounding C$58,103.29.

HIVE Digital Technologies is the first cryptocurrency mining company listed on the TSXV with a sustainable green energy focus. The company is dedicated to building a bridge between the digital currency and blockchain sectors and traditional capital markets through its green energy-powered data center facilities in Canada, Sweden and Iceland.

HIVE Digital Technologies (TSXV:HIVE) last traded at C$6.48 per share. The stock is up by 194.55 per cent year-over-year, and by 362.86 per cent over the past five years.

Join the discussion: Find out what everybody’s saying about this small-cap crypto stock on the HIVE Digital Technologies Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

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