HIVE Blockchain Technologies
Bitcoin Miner from Wall Street HIVE Projects 317% BTC Production Capacity Growth
- HIVE Digital Technologies has acquired a 200 MW hydro-powered facility in Paraguay for $56 million.
- The company aims to increase its mining capacity from 6 EH/s to 25 EH/s by September 2025.
- In the meantime, it also appointed Gabriel Lamas as Country President of Paraguay to lead its regional expansion.
Tuesday, 18/03/2025 | 07:00 GMT by
Damian Chmiel
Bitcoin Price Dropped by 18% in February, Dragging Down Production of This Wall Street BTC Miner
- Bitcoin's price fell to $80K last month, marking its steepest decline in nearly three years.
- Despite this, mining difficulty continued to rise, leading to lower production for Hive Digital and other industry players.
Monday, 10/03/2025 | 09:23 GMT by
Damian Chmiel
Bitcoin Miner HIVE Names Former Apple Exec to Lead Cloud Unit in $100 Million Push
- The company has appointed Craig Tavares as President and COO of Buzz HPC to spearhead its GPU Cloud and HPC services expansion.
- Tavares brings over 20 years of digital infrastructure expertise and will lead the company into a $40B new market.
Tuesday, 18/02/2025 | 07:13 GMT by
Damian Chmiel
Wall Street BTC Miner HIVE Posts $29.2M Revenue as Bitcoin Holdings Top $260M
- HIVE Digital Technologies reports strong quarter with $17.3M adjusted EBITDA, while growing its Bitcoin holdings to 2,805 BTC.
- The company is aiming to increase hashrate from 6 EH/s to 25 EH/s by September 2025.
Wednesday, 12/02/2025 | 06:54 GMT by
Damian Chmiel
This Bitcoin Miner from Wall Street Plans 317% Hash Rate Jump by September
- HIVE Digital Technologies mined 102 Bitcoin in January 2025 while maintaining a 5.7 EH/s average mining capacity.
- The company also announced an acquisition in Paraguay that will expand its operations to 25 EH/s in 2025.
Thursday, 06/02/2025 | 07:30 GMT by
Damian Chmiel
This Is the 8th Wall Street Bitcoin Miner to Report Lower BTC Production in November
- HIVE Digital mined 103 Bitcoin in November, joining the ranks of other publicly listed BTC companies that have revealed lower outputs.
- In the meantime, it announced a major equipment purchase to triple its mining capacity to 15 EH/s by summer 2025
Monday, 09/12/2024 | 08:37 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Buys 11,500 New Rigs, While BTC Approaches $100,000
- HIVE Digital orders 5,000 new Bitcoin miners from Canaan, marking its second major purchase this month.
- The company aims to reach 12.8 EH/s hashrate by late 2025 through strategic expansion and efficiency improvements.
Thursday, 21/11/2024 | 09:33 GMT by
Damian Chmiel
Even Top Wall Street Bitcoin Miners Cannot Stay Profitable Despite Soaring Hashrate
- Three major BTC mining companies—Marathon Digital, TeraWulf, and HIVE Digital—reported net losses in Q3 2024.
- Although all firms continued to expand their mining capacity, increased operational costs are killing the profits.
Wednesday, 13/11/2024 | 08:00 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Orders 6,500 Canaan Machines in $100M Paraguay Push
- HIVE Digital orders new advanced Bitcoin miners and begins construction of a 100 MW facility in Paraguay.
- The expansion will increase the company's BTC mining capacity from the current 5.6 EH/s to 12.5 EH/s by Q3 2025.
Monday, 11/11/2024 | 08:34 GMT by
Damian Chmiel
Top Wall Street Bitcoin Miners Report August Dip as Digital Gold Rush Slows
- Major publicly traded Bitcoin mining companies reported decreased production in August compared to July.
- Factors including increased network difficulty and power costs contributed to the decline.
Thursday, 05/09/2024 | 07:45 GMT by
Damian Chmiel
Bitcoin Production and HIVE Shares Decline despite BTC Price Records
- Although the company continues to expand its crypto holdings, monthly production numbers have fallen.
- However, the miner's HODL position grew 10%, reaching 2,131 BTC by the end of February.
Wednesday, 06/03/2024 | 12:24 GMT by
Damian Chmiel
HIVE’s Mining Capacity Hits 4 EH/s despite Production Dip in October 2023
- HIVE reports that its mining results for October were worse than the previous month.
- However, the company has rebranded and wants to focus on providing computational power to the AI industry.
Monday, 06/11/2023 | 09:10 GMT by
Damian Chmiel
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