HIVE Digital Reports 119 Bitcoin Mined in June, Increases HODL by 2%

  • Sergey Maga
  • 8 July, 2024 19:30
HIVE Digital Reports 119 Bitcoin Mined in June, Increases HODL by 2%

HIVE Digital Technologies Ltd., a leading green energy-powered blockchain infrastructure company, has reported its production figures for June 2024. The company mined 119 Bitcoin, boosting its Bitcoin holdings by 2%, now totaling 2,496 Bitcoin. HIVE maintained an average Bitcoin mining capacity of over 4.7 Exahash (EH/s) throughout June, according to Businessinsider.

Frank Holmes, Executive Chairman, emphasized HIVE’s efficient operations and low shareholder dilution. The company has consistently achieved high efficiency in its data centers over the past 18 months. Aydin Kilic, President and CEO, announced the shipment of 2,150 upgraded S21 Pro miners, expected to be operational by the end of July, increasing HIVE’s total operational hashrate to 5.5 EH/s.

HIVE’s strategy focuses on sustainable growth and maximizing shareholder returns. By sourcing green renewable energy, HIVE commits to environmental responsibility, setting it apart from competitors. The company also diversifies its revenue streams by supporting AI and high-performance computing, using Nvidia GPU chips.

HIVE’s HODL value is over $140 million as of July 7, 2024. This value, combined with operational efficiency and strategic diversification, enhances its attractiveness compared to peers. HIVE’s unique approach, including a focus on green energy and expansion into AI, provides a robust growth opportunity in the cryptocurrency and blockchain sectors.

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