NEWS
HIVE Digital Technologies Announces August 2024 Production of 112 Bitcoin and 1% HODL Growth to 2,533 Bitcoins and Acquires 1,000 Bitmain S21 Pro for Immediate Delivery
HIVE Digital Technologies (NASDAQ: HIVE) reported its August 2024 production results, mining 112 Bitcoinand increasing its total Bitcoin holdings by 1% to 2,533 BTC. The company maintained an average mining capacity of over 5.0 Exahash per second (EH/s)throughout the month. HIVE also announced the acquisition of 1,000 Bitmain S21 Pro Antminers for immediate delivery to upgrade its existing equipment.
Key highlights include:
A blended fleet efficiency of 23 joules per terahash (J/TH)
Average daily production of 3.6 BTC
Bitcoin HODL value exceeding $164 million as of August 31, 2024
HIVE's strategy focuses on maintaining low G&A expenses, maximizing cash flow return, and minimizing share dilution. The company aims to increase its installed hashrate to 6.9 EH/s with a blended fleet efficiency of 19 TH/s over the next nine months.
Key highlights include:
A blended fleet efficiency of 23 joules per terahash (J/TH)
Average daily production of 3.6 BTC
Bitcoin HODL value exceeding $164 million as of August 31, 2024
HIVE's strategy focuses on maintaining low G&A expenses, maximizing cash flow return, and minimizing share dilution. The company aims to increase its installed hashrate to 6.9 EH/s with a blended fleet efficiency of 19 TH/s over the next nine months.
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