RETRANSMISSION: 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 order 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 | 11:15 am
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HIVE Digital Technologies Ltd. is expanding its operations by ordering 6,500 new ASIC miners and starting the construction of a 100 MW facility in Paraguay. This move is part of their growth strategy.
The order of new ASIC miners and the construction of a large facility in Paraguay indicate HIVE's commitment to expanding its mining capacity. This is likely to positively impact their operational capabilities and revenue potential, leading to a positive short-term impact on their stock price.
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