Saturday, July 5, 2025

Latest

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 purpose of cryptocurrency mining, announcing today that it has acquired additional miners with a total of 576 PH/s computing power. The purchase results in the company exceeding its 1,000 petahash per second goal for 2021, with the company now targeting 2,000 petahash per second in capacity by the end of the calendar year.

The company managed to add 576 PH/s in computing power throuh the purchase of 6,400 Canaan AvalonMiner 1246 miners, which once installed will push the firms total capacity to 1,229 PH/s, or 1.229 Exahash per second (EH/s). The new equipment is to be delivered in eight separate tranches throughout 2021, with an initial 500 slated for May and June delivery, while 900 will then be delivered each month thereafter until the order is fulfilled.

While the purchase is significant for the company given that it will effectively double its operating capacity once installed, the purchase price of the equipment was not provided. The news follows a similar announcement made earlier this month, wherein the company announced it was adding 334 PH/s of computing power via the purchase of 4,180 WhatsMiner M31S miners.

The firm is now targeting total computing power of 2,000 PH/s by year end, double the initial target of 1,000 PH/s.

Hive Blockchain last traded at $2.94 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

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

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

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

El Salvador Mines First Bitcoin Using Energy Harnessed From Volcano

Crypto-friendly country El Salvador has mined its first ever portion of a bitcoin using energy...

Monday, October 4, 2021, 10:11:00 AM

Miami Welcomes Bitcoin Miners to Take Advantage of its Clean Nuclear Power

Miami may soon become the latest hotspot for crypto mining, as its mayor welcomes foreign...

Tuesday, June 22, 2021, 02:27:00 PM

Fitch Ratings: Bitcoin Legal Tender Status Poses Regulatory, AML Risks For El Salvador’s Financial Institutions

El Salvador has recently passed a new law that will give bitcoin legal tender status,...

Saturday, June 26, 2021, 11:02:00 AM

Hive Blockchain Buys 6,500 Bitcoin Miners, Expects Hashrate To Increase By 585 PH/s

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today the purchase of 6,500 bitcoin miners. The...

Thursday, October 21, 2021, 10:41:16 AM

Hive Blockchain: Investors Have Ignored Ethereum’s Recent Explosive Move Higher

Ethereum, the second largest cryptocurrency, has dramatically outperformed Bitcoin thus far in 2021, particularly since...

Saturday, May 15, 2021, 09:00:00 AM