RETRANSMISSON: HIVE Announces Transformative Acquisition of 8.6 EH/s of Bitmain S21+ Hydro Chips, Projecting 15 EH/s by Summer 2025, Driving $300 Million Revenue and 2% of Global Bitcoin Mining Network
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HIVE Digital Technologies Ltd. announced the acquisition of 8.6 EH/s of Bitmain S21+ Hydro Chips, aiming to reach 15 EH/s by summer 2025. This move is expected to drive $300 million in revenue and account for 2% of the global Bitcoin mining network.
December 03, 2024 | 11:15 am
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HIVE Digital Technologies Ltd. has acquired 8.6 EH/s of Bitmain S21+ Hydro Chips, projecting to reach 15 EH/s by 2025. This acquisition is expected to generate $300 million in revenue and represent 2% of the global Bitcoin mining network.
The acquisition of Bitmain S21+ Hydro Chips significantly boosts HIVE's mining capacity, positioning it to capture a larger share of the Bitcoin mining market. The projected revenue increase and market share expansion are positive indicators for HIVE's financial performance.
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