HIVE Digital Technologies, a leading Canadian cryptocurrency mining firm, has reported strong third-quarter financial results for fiscal year 2024. In its February 11 earnings report, the Vancouver-based firm disclosed $29.2 million in total revenue for the quarter, with Bitcoin mining contributing a significant share. The company produced 322 BTC during ...
Bitfarms Ltd. has signed a binding Letter of Intent (LOI) to sell its 200 MW Bitcoin mining site in Yguazu, Paraguay, to HIVE Digital Technologies Ltd. The deal, valued at $85 million, is set to close in the first quarter of 2025. Under the agreement, Bitfarms will receive $25 million ...
Canadian Bitcoin mining firm HIVE Digital Technologies has achieved a significant milestone, reaching an operational hashrate of 6.0 exahashes per second (EH/s), marking a 47% increase from the 4.08 EH/s reported at the close of 2023, driven by strategic fleet upgrades and cost-efficient operations. In a January 2 announcement, the ...
Bitcoin miner HIVE Digital has reported a significant 67% increase in its Bitcoin holdings following a boost in its production capacity in November 2024. In its monthly production update, HIVE revealed that it had mined 103 BTC during the month, bringing its total Bitcoin holdings to 2,713 BTC. The company ...
