Blockchain
HIVE Blockchain Strengthens Bitcoin Production
Hive Blockchain Technologies Ltd (TSE:HIVE) has released an update.
HIVE Blockchain Technologies Ltd. has reported a substantial increase in its Bitcoin mining operations for April 2024, achieving 4% growth in its Bitcoin holdings totaling 2,377 BTC and a mining capacity of 5 Exahash. The company’s strategy to accumulate Bitcoin assets is in anticipation of growing demand and emphasizes operational efficiency, with plans to leverage its technology to expand into high-performance computing and AI data services. HIVE’s financial health is underlined by its significant Bitcoin assets, valued at approximately $150 million, marking an increase of more than 100% from the previous year.
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