Monday, August 25, 2025

Latest

HIVE Sees 10MW Green Energy Expansion Of GPU Data Centre In Sweden

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announces today the confirmation that its GPU data centre in Sweden is getting an additional 10MW of green energy electricity. The confirmation came from the Swedish energy company Bodens Energi Nät AB.

This increase comes after a 2MW expansion previously announced on January 28, 2021. With the latest energy addition, the Sweden-based facility has increased capacity from 21MW to 33MW. The company, however, did not specify the type of green energy nor release hard figures on the expansion.

HIVE relayed that it is currently securing “new state-of-the-art” performing GPU cards for the GPU data centre expansion.

The company also shared its position on holding its crypto assets, which is currently valued at approximately US$79 million (based on US$2,700-Ethereum and US$38,500-Bitcoin conversion rates). On the other hand, its cash position “remains stable” at US$36 million.

HIVE Blockchain Technologies Ltd. last traded at $3.26 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. 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

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Hive Blockchain Produces 389 Bitcoin Equivalent In November

Hive Blockchain (TSXV: HIVE) this morning was one of the several crypto mining firms that...

Friday, December 3, 2021, 08:57:43 AM

By The Numbers: Bitcoin Miners Are Burning Cash On Each Coin Mined

The trouble with bitcoin, is that it doesn’t make economical sense to mine it. With...

Wednesday, November 23, 2022, 03:44:47 PM

Hive Blockchain Announces Purchase of 4,180 Miners, Preliminary Quarterly Mining Results

Hive Blockchain (TSXV: HIVE) this morning announced that it is significantly improving its bitcoin mining...

Monday, January 4, 2021, 07:58:04 AM

Hive Blockchain To Change Nasdaq Symbol to ‘HIVE’

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today that it will start trading on the...

Monday, September 13, 2021, 08:11:32 AM

Ethereum Smart Contracts Are The Internet Of The Blockchain – The Daily Dive

Joining us on the Daily Dive today is frequent guest Frank Holmes, the Executive Chairman...

Thursday, October 21, 2021, 01:30:00 PM