HIVE Digital surpasses 22 EH/s

Published 1 week ago Positive
HIVE Digital surpasses 22 EH/s
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* HIVE Digital Technologies (NASDAQ:HIVE [https://seekingalpha.com/symbol/HIVE]) has surpassed 22 exahash per second in global bitcoin-mining capacity—marking 267% year-to-date growth, the company said [https://seekingalpha.com/pr/20279674-hive-digital-technologies-surpasses-22-eh-s-and-accelerates-conversion-from-tierminus-1-to]on Monday.
* Current production has reached 9.5 bitcoin per day with fleet efficiency of approximately 17.8 joules per terahash ("J/TH") and a 55% mining margin after electricity costs at $47 hashprice.
* With additional ASIC miners coming online, HIVE expects to reach 25 EH/s by U.S. Thanksgiving, targeting fleet efficiency of 17.5 J/TH.
* Management reports EH/s growth as material to revenue and cash-flow expansion, noting that digital-infrastructure companies are typically valued at multiples of revenue and cash flow.

MORE ON HIVE DIGITAL TECHNOLOGIES LTD.

* Hive Digital: Riding 2 Compelling Trends - Bitcoin And AI HPC Demand [https://seekingalpha.com/article/4828232-hive-digital-riding-2-compelling-trends-bitcoin-and-ai-hpc-demand]
* HIVE Digital: Living The HPC/AI Dream [https://seekingalpha.com/article/4821989-hive-digital-living-the-hpcai-dream]
* Crypto stocks witness rise in short interest in September [https://seekingalpha.com/news/4504450-crypto-stocks-witness-rise-in-short-interest-in-september]
* HIVE Digital mines 267 bitcoins in September, highest level seen this year [https://seekingalpha.com/news/4501873-hive-digital-mines-267-bitcoins-in-september-highest-level-seen-this-year]
* Historical earnings data for HIVE Digital Technologies Ltd. [https://seekingalpha.com/symbol/HIVE:CA/earnings]