HIVE Digital Ramps Up Bitcoin Mining Output by 18%

Bitcoin mining company HIVE Digital saw an 18% increase in monthly output, mining 164 Bitcoin in June compared to 139 in May. The firm nearly doubled its hashrate to 11.4 EH/s, mining 15 Bitcoin per EH/s in June. Phase 2 at its Paraguay facility is operational, aiming for 25 EH/s by November.

HIVE Digital is on track to achieve its goal of mining 12 Bitcoin per day by 2025, with Phase 2 in Paraguay. The company’s focus includes expanding AI capabilities through BUZZ HPC. Gross proceeds of $70 million from recent share issuances will support growth in infrastructure and data center expansions. The HIVE stock price rose 3.96% to $2.36.

Read more at Yahoo Finance: Bitcoin mining company HIVE Digital records 18% jump in monthly output