HIVE Digital Technologies has announced a significant acquisition of 8.6 EH/s of Bitmain S21+ Hydro chips, aiming to boost its Bitcoin mining capacity to 15 EH/s by summer 2025. The initial order of 13,480 units (4.3 EH/s) will be delivered by April-May 2025 at a price of $14 per TH. The company projects annual revenues of $300 million and a mining margin of $200 million. By early 2025, HIVE anticipates reaching a hashrate of 6.4 EH/s through fleet upgrades, enhancing mining efficiency to 19.5 J/TH. The setup in Paraguay will utilize hydro power, offering an expected return on investment of around 10 months, positioning HIVE strongly in the cryptocurrency Market.
HIVE Digital Technologies Looks to Boost Bitcoin Mining Capacity with Major Acquisition
HIVE Digital Technologies has made an exciting announcement, revealing its plans to acquire 8.6 EH/s worth of Bitmain S21+ Hydro chips. This move aims to increase the company’s Bitcoin mining capacity to a significant 15 EH/s by the summer of 2025. The initial order includes 13,480 units, amounting to 4.3 EH/s, set to be delivered in April and May 2025 at a cost of $14 per terahash (TH). Additionally, HIVE has the option to purchase another 13,480 units within the following year.
With this expansion, HIVE is projecting annual revenues of $300 million and mining margins of around $200 million, based on current mining economics. By the first quarter of 2025, the company expects to reach 6.4 EH/s with fleet upgrades, enhancing global mining efficiency to 19.5 joules per terahash (J/TH). The deployment will occur in Paraguay, taking advantage of hydro power, and is anticipated to provide a return on investment (ROI) of roughly 10 months.
This initiative represents a significant step for HIVE, positioning the company to capture about 2 percent of the global Bitcoin network’s total hashrate. As the cryptocurrency Market continues to evolve, HIVE’s focus on sustainable and efficient energy solutions could pave the way for long-term success and increased shareholder value.
For more information on HIVE Digital Technologies and their latest developments, visit their website at www.hivedigitaltech.com.
Tags: HIVE Digital Technologies, Bitcoin mining, Bitmain S21+ Hydro chips, cryptocurrency, sustainable energy, Paraguay, blockchain technology, mining efficiency.
Date: December 3, 2024
What are HIVE Digital Orders 8.6 EH/s Bitcoin Mining Chips?
HIVE Digital Orders 8.6 EH/s Bitcoin Mining Chips are advanced machines designed to mine Bitcoin efficiently. They can process a large amount of data to solve complex problems and earn Bitcoin.
How much revenue does HIVE target annually?
HIVE aims to reach an annual revenue of $300 million from these mining operations, which shows their strong growth potential in the Bitcoin Market.
What does EH/s mean?
EH/s stands for Exahashes per second, which measures the hashing power of mining equipment. The higher the EH/s, the more calculations the chips can perform each second, leading to better mining performance.
Are these chips suitable for new miners?
Yes, these chips can be suitable for both new and experienced miners. They offer high efficiency, which makes them easier to use for anyone wanting to start Bitcoin mining.
Where can I buy HIVE Bitcoin Mining Chips?
You can purchase HIVE Bitcoin Mining Chips through HIVE’s official website or authorized distributors. It’s important to buy from trusted sources to ensure you get the best deals and support.
