HIVE Digital Technologies reported strong production figures for May 2024, with increased Bitcoin holdings.

From Investing.com: 2024-06-10 05:33:08

HIVE Digital Technologies Ltd. announced its unaudited production figures for May 2024, with 119 Bitcoin mined, increasing total holdings to 2,451 Bitcoin. The company maintained over 4.9 Exahash mining capacity with an average of 24.5 Bitcoin per Exahash. HODL position increased to 2,468 BTC by June 9, 2024, showing strong growth.

Executive Chairman Frank Holmes praised the team for navigating challenges, maintaining efficiency, and positive cash flow. President and CEO Aydin Kilic discussed reaching mining goals, optimizing efficiency, and upgrading equipment. Chief Operating Officer Luke Rossy highlighted the upcoming acquisition of 1,000 Bitmain S21 Pro Antminers to enhance the fleet and HODL position.

Read more at Investing.com: HIVE Digital Technologies Reports May 2024 Production By Investing.com