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HIVE Blockchain Technologies
Even Top Wall Street Bitcoin Miners Cannot Stay Profitable Despite Soaring Hashrate
- Three major BTC mining companies—Marathon Digital, TeraWulf, and HIVE Digital—reported net losses in Q3 2024.
- Although all firms continued to expand their mining capacity, increased operational costs are killing the profits.
Wednesday, 13/11/2024 | 08:00 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Orders 6,500 Canaan Machines in $100M Paraguay Push
- HIVE Digital orders new advanced Bitcoin miners and begins construction of a 100 MW facility in Paraguay.
- The expansion will increase the company's BTC mining capacity from the current 5.6 EH/s to 12.5 EH/s by Q3 2025.
Monday, 11/11/2024 | 08:34 GMT by
Damian Chmiel
Top Wall Street Bitcoin Miners Report August Dip as Digital Gold Rush Slows
- Major publicly traded Bitcoin mining companies reported decreased production in August compared to July.
- Factors including increased network difficulty and power costs contributed to the decline.
Thursday, 05/09/2024 | 07:45 GMT by
Damian Chmiel
Bitcoin Production and HIVE Shares Decline despite BTC Price Records
- Although the company continues to expand its crypto holdings, monthly production numbers have fallen.
- However, the miner's HODL position grew 10%, reaching 2,131 BTC by the end of February.
Wednesday, 06/03/2024 | 12:24 GMT by
Damian Chmiel
HIVE’s Mining Capacity Hits 4 EH/s despite Production Dip in October 2023
- HIVE reports that its mining results for October were worse than the previous month.
- However, the company has rebranded and wants to focus on providing computational power to the AI industry.
Monday, 06/11/2023 | 09:10 GMT by
Damian Chmiel
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