Monday, October 27, 2025

HIVE Blockchain Nearly Doubles Bitcoin Mining Capacity

HIVE Blockchain Technologies (TSXV: HIVE) appears to be heavily focused on expansion, with the company announcing this morning that it has acquired further computing power for the purpose of mining bitcoin. The company in total acquired 1,240 MicroBt WhatsMiner M30S miners via an arrangement with DMG Blockchain Solutions Inc (TSXV: DMG).

Acquired at a cost of US$2,715 per unit, the total bill for the expansion is roughly US$3.4 million, while the firms hash rate effectively doubles from 116 PH/s to 229 PH/s. The purchase is said to be funded via cash on hand. The equipment is already installed and electrified, while being hosted at DMG’s facility in Christina Lake, British Colombia. Financial details of the arrangement for hosting were not provided.

The expansion of mining capacity is the fifth such expansion this year, following an expansion in April, two in June, and one in July. Notably, complications related to supply chains as a result of the pandemic has resulted in one of the June orders remaining outstanding, with over half of the 200 S17e miners ordered yet to be delivered. The four additions, when fully completed, will amount to a total of 233 TH/s of computing power being added to HIVE’s capacity.

Finally, HIVE revealed that in the quarter ended September 30, the company managed to mine more than 32,000 Ethereum based on preliminary results. The result is a significant increase over the 25,000 that the company mined in the prior quarter.

HIVE Blockchain Technologies last traded at $0.53 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

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Bitcoin Is Showing Signs Of Exhaustion: Chris Vermuelen

Starting off this week on the Daily Dive, is that of Chris Vermuelen of The...

Monday, April 19, 2021, 01:30:00 PM

Binance Locked Out Of Key United Kingdom Payments System

The hits just keep coming for Binance. Days after the company has seen itself locked...

Monday, June 28, 2021, 03:08:18 PM

Hive Blockchain Produces 377.1 BTC Equivalent In February, Completes US$100 Million ATM Financing

Production figures for the month of February are in for Hive Blockchain (TSXV: HIVE). The...

Tuesday, March 8, 2022, 08:38:56 AM

Frank Holmes: Inflation Is Greatly Understated

For today’s episode of the Daily Dive we’re joined by Frank Holmes, CEO of US...

Tuesday, April 20, 2021, 01:30:00 PM

What Pushes The SEC For A Possible Bitcoin ETF? – The Daily Dive

On this Daily Dive episode, Cassandra chats with one of our regular guests Mike McGlone,...

Monday, October 18, 2021, 01:30:00 PM