HIVE Digital Technologies' stock soared over 25% after the company reported a substantial boost in Bitcoin production from its new facility in Paraguay. In September, HIVE mined 267 BTC, marking an 8% increase from the previous month and a 138% rise compared to the same period last year. The 100 MW Phase 3 Valenzuela plant, which utilizes renewable hydroelectric energy, has become partially operational, enhancing HIVE's average hashrate by 19%.
CEO Aydin Kilic announced plans to achieve a hashrate of 25 EH/s by Thanksgiving, with an expected fleet efficiency of 17.5 joules per terahash. This expansion underscores HIVE's commitment to sustainable energy solutions in cryptocurrency mining.
HIVE Stock Jumps 25% on Paraguay Mining Expansion
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.