Education
HIVE Ramps Up Bitcoin Mining, Hits 276 BTC in November
HIVE
Digital Technologies, a cryptocurrency mining and data center operator, has announced
its Bitcoin (BTC) production from November and data center acquisition details.
According to the latest numbers, the company mined 276.3 BTC last month, rising
from October’s dip of 265.9 BTC.
HIVE Provides Bitcoin
Mining Update
The company’s
latest mining numbers equate to an average of 9.2 bitcoins per day or 66.7
bitcoins per exahash of mining capacity. HIVE ended November with 4.18
exahashes per second of Bitcoin mining capacity, representing a monthly
increase of 5.4%.
“The
Company’s HODL position at the end of November 2023 was 1,627 BTC,” HIVE
commented in the official press release. “Our HODL position is down from
last quarter because HIVE has been investing in new ASIC chips for our future
growth and efficiency.”
Furthermore,
the company has announced the recent acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term of Bitmain S19k Pro
miners, each boasting an efficiency of 23 J/TH.
The purchase of 5,000 Bitmain S19k Pro ASIC miners demonstrates our focus on growing our hash rate, while also improving our overall average fleet efficiency. This will lower and optimize our cost of production per Bitcoin ahead of the upcoming #BitcoinHalving in April 2024 with… pic.twitter.com/vsrtvjb1iz
— HIVE Digital Technologies (@HIVEDigitalTech) December 4, 2023
HIVE’s New Data Center
HIVE also acquired
a data center facility in Boden, Sweden, to expand access to renewable
hydroelectric power. The company acquired the property, including a 6-megawatt
data center
Data Center
A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more
A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more
Read this Term, from Turis AB in exchange for $750,000 cash and 345,566 HIVE
common shares, valued at $2.8938 per share.
Aydin
Kilic, the CEO of HIVE, commented that the data center acquisition furthers the
company’s commitment to acquire hard assets and is expected to add 250
petahashes per second of additional bitcoin mining hashrate capacity.
“This
new data center is only 200 meters from our existing data center,” added Johanna
Thornblad, the Country President for HIVE Sweden.
Move to AI
The company
has rebranded to adopt the rapidly evolving landscape of high-performance
computing (HPC) and artificial intelligence (AI). This change signifies the
company’s strategic departure from its foundational focus on cryptocurrency,
steering towards the fast-expanding and increasingly adopted AI technologies.
Additionally, HIVE is realigning its priorities
to maximize the potential of its Supermicro servers, aiming to provide
significant computational resources to the AI and HPC sectors.
HIVE
Digital Technologies, a cryptocurrency mining and data center operator, has announced
its Bitcoin (BTC) production from November and data center acquisition details.
According to the latest numbers, the company mined 276.3 BTC last month, rising
from October’s dip of 265.9 BTC.
HIVE Provides Bitcoin
Mining Update
The company’s
latest mining numbers equate to an average of 9.2 bitcoins per day or 66.7
bitcoins per exahash of mining capacity. HIVE ended November with 4.18
exahashes per second of Bitcoin mining capacity, representing a monthly
increase of 5.4%.
“The
Company’s HODL position at the end of November 2023 was 1,627 BTC,” HIVE
commented in the official press release. “Our HODL position is down from
last quarter because HIVE has been investing in new ASIC chips for our future
growth and efficiency.”
Furthermore,
the company has announced the recent acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term of Bitmain S19k Pro
miners, each boasting an efficiency of 23 J/TH.
The purchase of 5,000 Bitmain S19k Pro ASIC miners demonstrates our focus on growing our hash rate, while also improving our overall average fleet efficiency. This will lower and optimize our cost of production per Bitcoin ahead of the upcoming #BitcoinHalving in April 2024 with… pic.twitter.com/vsrtvjb1iz
— HIVE Digital Technologies (@HIVEDigitalTech) December 4, 2023
HIVE’s New Data Center
HIVE also acquired
a data center facility in Boden, Sweden, to expand access to renewable
hydroelectric power. The company acquired the property, including a 6-megawatt
data center
Data Center
A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more
A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more
Read this Term, from Turis AB in exchange for $750,000 cash and 345,566 HIVE
common shares, valued at $2.8938 per share.
Aydin
Kilic, the CEO of HIVE, commented that the data center acquisition furthers the
company’s commitment to acquire hard assets and is expected to add 250
petahashes per second of additional bitcoin mining hashrate capacity.
“This
new data center is only 200 meters from our existing data center,” added Johanna
Thornblad, the Country President for HIVE Sweden.
Move to AI
The company
has rebranded to adopt the rapidly evolving landscape of high-performance
computing (HPC) and artificial intelligence (AI). This change signifies the
company’s strategic departure from its foundational focus on cryptocurrency,
steering towards the fast-expanding and increasingly adopted AI technologies.
Additionally, HIVE is realigning its priorities
to maximize the potential of its Supermicro servers, aiming to provide
significant computational resources to the AI and HPC sectors.
#HIVE #Ramps #Bitcoin #Mining #Hits #BTC #November
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