Hive Blockchain – DIGIT INFO

Crypto miner Hive Digital drops ‘blockchain’ from name amid pivot to AI

Hive made the rebrand to reflect its “evolving focus” on revenue opportunities in AI, cloud commuting and GPUs.

Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge

The company mined 31% more Bitcoin than in the same quarter last year.

Publicly-Listed Miner Hive Plans to Transfer ETH Hashrate to Other GPU Mineable Coins Ahead of Merge

While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.” Hive’s Technical Team Researches Other GPU Mineable Coins On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s […]

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12 Companies Keep Close to $700 Million in Ethereum in Treasuries

During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to […]

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HIVE Blockchain to expand mining operations with new Intel ASIC chips

The Bitcoin mining company is expanding to Texas with new custom-built ‘greener’ mining devices that will be powered by Intel Bonanza Mine chips.

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Hive Blockchain on track to mine more Bitcoin, less Ether this quarter

The Canadian mining firm expected its Ether production to decrease by more than 20% quarter over quarter, while its Bitcoin mining would rise a modest 2%.

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Hive Blockchain Secures Order for 6,500 Next-Generation Bitcoin Miners From Canaan

On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from 1.2 exahash per second (EH/s) to 3 EH/s by March 2022. Hive Secures an […]

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NASDAQ-Listed HIVE Blockchain to Expand Data Center in New Brunswick, Canada With 40 Megawatts Capacity

HIVE Blockchain is set to expand its data center campus in New Brunswick, Canada with 40 megawatts capacity. It is the first publicly-traded cryptocurrency miner, listing in Toronto on the Venture Exchange back in 2017 and added to NASDAQ in 2021. It mines both Bitcoin and Ethereum using 100% green energy in facilities across Canada, […]

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HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies

Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property.

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Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors

The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says the $33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs. Blockcap Rakes in 544 Bitcoins During the last three months, bitcoin (BTC) markets have seen phenomenal gains […]

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