Hive Blockchain Technologies Ltd (TSE:HIVE) has released an update.
HIVE Digital Technologies Ltd. has reported a significant growth in its Bitcoin holdings, with an unaudited March 2024 production of 224 Bitcoin, bringing its total to 2,287 BTC valued at approximately $160 million. The company’s mining capacity averaged over 4.5 Exahash per second during the month, and they have adopted a strategic HODL approach in anticipation of increased Bitcoin demand. HIVE’s robust operational efficiency is highlighted by a daily production average of 7.2 BTC and a strategic increase of their HODL position to 2,315 Bitcoin as of April 4, 2024.
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