HIVE Digital Technologies achieves operational hashrate milestone following Bitcoin mining fleet upgrade
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HIVE Digital Technologies has achieved a significant milestone by reaching an operational hashrate of 6 Exahashes per second, marking a 47% increase since the end of 2023. This was made possible by upgrading its Bitcoin mining fleet with advanced Avalon machines from Canaan.
January 02, 2025 | 2:00 pm
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HIVE Digital Technologies has increased its operational hashrate by 47% to 6 EH/s due to an upgrade in its Bitcoin mining fleet with Avalon machines. This operational improvement could positively impact HIVE's stock price.
The significant increase in operational hashrate suggests improved efficiency and potential for higher revenue, which is likely to positively influence HIVE's stock price. The upgrade with state-of-the-art machines indicates a strategic investment in technology, enhancing HIVE's competitive position in the Bitcoin mining industry.
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