HIVE Digital mining power reaches 23 EH/s, with its bitcoin output providing funding for AI transformation
ChainCatcher reported that HIVE Digital Technologies (HIVE) stated that as it ramps up production to generate revenue and fund the expansion of its artificial intelligence (AI) computing infrastructure, its bitcoin mining hashrate has reached 23 EH/s.
HIVE's mining hashrate has grown by 283% this year and is expected to reach 25 EH/s by the end of this month, thanks to the full deployment of hardware at its 100 MW hydroelectric park in Paraguay, which is powered by the Itaipu hydroelectric plant. In May, HIVE's mining hashrate had already reached 10 EH/s. Meanwhile, HIVE is converting some of its bitcoin mining facilities into liquid-cooled data centers suitable for AI. The company stated that after additional facilities in Toronto and Sweden are completed, its total number of GPUs is expected to increase from about 5,000 currently to 36,000 by the end of 2026.
Data shows that HIVE currently holds about 2,201 bitcoins in its treasury, making it the 34th largest digital asset treasury company.
.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Elon Musk changes his stance! Tesla (TSLA.US) delays Cybertruck production halt to late summer 2027, just two days after suggesting “refund deposits”
Elon Musk stated that Cybertruck production will be extended until late summer 2027 to clear the order backlog, and Tesla's stock price rose by about 4%.
Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation
Toichiro Asada, a member of the Bank of Japan's Policy Board, stated that the central bank needs to remain cautious and closely monitor the impact of rate hikes on the economy, as rising interest rates pose the risk of suppressing the inflation trend.
Don't Be Misled by "Instant Purchase, Instant Access": Pro Series Zero Wait Has Been the Norm for Years, UBS Maintains Apple (AAPL.US) Target Price at $340
The waiting time for iPhone 18 Pro is approaching zero, and Duo deliveries are scheduled until the end of January. UBS maintains its forecast for iPhone revenue in the December quarter at $95.1 billions, representing a year-on-year increase of 11.5%.
Crypto prices
More
