HIVE Digital Technologies Ltd. Announces Order of 6,500 Canaan Avalon A1566 ASIC Miners and Groundbreaking of 100 MW in Paraguay
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HIVE Digital Technologies Ltd. has announced the purchase of 6,500 Canaan Avalon A1566 ASIC miners and the groundbreaking of a 100 MW facility in Paraguay. This is part of their expansion strategy as outlined in their prospectus supplement.
November 11, 2024 | 6:15 am
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HIVE Digital Technologies is expanding its mining capacity with the purchase of 6,500 Canaan Avalon A1566 ASIC miners and a new 100 MW facility in Paraguay. This move is part of their growth strategy as per their recent prospectus.
The acquisition of new ASIC miners and the development of a large-scale facility in Paraguay indicate HIVE's commitment to expanding its mining operations. This is likely to enhance their production capacity and revenue potential, positively impacting their stock price.
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