Saturday, July 12, 2025

Latest

Hive Blockchain Expands Mining Capacity Again To 1.76 EH/s

Hive Blockchain (TSXV: HIVE) evidently wasn’t satisfied with the announced purchase of 6,000 additional crypto miners yesterday. The company this morning announced a further expansion yet again, with the company purchasing another 3,000 miners to expand its capacity.

The announcement this morning will see an aggregate hash power of 90 PH/s added to its total capacity, bringing the planned expansions up from the 1.673 EH/s reported yesterday to that of 1.763 EH/s as per the company. The new equipment is to be operational within the next 60 days.

Deliveries of the equipment are to begin in March, with the delivery of 500 units of the undisclosed “next generation” miners, while the remaining 2,500 miners are to be delivered at some point in April. The price target of the units was not provided, however the company indicated that it will be using its current cash flow to purchase the equipment.

Hive Blockchain last traded at $4.90 on the TSX Venture.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Government-Led Sales and Sleeping Whales Shake Up Crypto Market, BTC Drops Below $57K

Activity from long-dormant Bitcoin wallets and government-led sales has been making it difficult for Bitcoin...

Monday, July 8, 2024, 12:55:00 PM

Hive Blockchain Pushes Computing Power To 1,229 PH/s With Purchase Of 6,400 Additional Miners

Hive Blockchain (TSXV: HIVE) is looking to once again upgrade its computing power for the...

Tuesday, January 19, 2021, 07:14:22 AM

Bitcoin Price Slips After MicroStrategy Halts Buying Spree

After snapping up bitcoin almost weekly for three months, MicroStrategy (NASDAQ: MSTR) abruptly paused its...

Tuesday, February 4, 2025, 12:14:00 PM

GameStop Wants To Buy Bitcoin, To Raise $1.3 Billion

GameStop (NYSE: GME) has announced plans to raise $1.3 billion through a private offering of...

Friday, March 28, 2025, 02:17:00 PM

Citigroup: Bitcoin Could Become ‘Currency of Choice’ For Global Trade

The largest cryptocurrency in the world, Bitcoin, climbed back up to above US$48,000, following a...

Monday, March 1, 2021, 02:41:00 PM