Business
RETRANSMISSION: HIVE Digital Announces 119 Bitcoin Produced in June 2024, HODL Grew 2% to 2,496 Bitcoins
This news release constitutes a "designated news release" for the purposes of the Company's amend...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"\nRETRANSMISSION: HIVE Digital Announces 119 Bitcoin Produced in June 2024, HODL Grew 2% to 2,496 BitcoinsThis news release constitutes a \"designated news release\" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023.Vancouver, British Columbia--(Newsfile Corp. - July 8, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the \"Company\" or \"HIVE\") a pioneer in green energy-powered blockchain infrastructure, proudly announces its unaudited production figures for June 2024. In June the Company mined 119 Bitcoin, increasing its Bitcoin holdings by 2%, now totalling 2,496 Bitcoin on the balance sheet. HIVE maintained an average Bitcoin mining capacity of over 4.7 Exahash (\"EH/s\") in June 2024 (all amounts in US dollars, unless otherwise indicated).June 2024 Highlights:Production: Mined 119 Bitcoin in June 2024.Mining Capacity Maintained: Ended June with a 4.9 EH/s ASIC mining capacity.HODL Position: Increased to 2,496 BTC, a 2% increase from the prior month.Mining Efficiency: Achieved an average of 25.0 Bitcoin per Exahash, ending the month of June with 4.9 EH/s, with an average hashrate of 4.7 EH/s throughout June.Daily Production: Averaged a production of 4.0 BTC per day, showcasing operational efficiency and robust mining capabilities.Strategic HODL Increase:As of July 7, 2024, HIVE's HODL position has increased to 2,503 BTC.The Company notes that with a Bitcoin HODL value of over $140 million as of July 7, 2024, its enterprise value looks very attractive compared to its peers.Executive Insights:Frank Holmes, Executive Chairman, commented on the Company's continued progress:\"Over the past 18 months, the management team has consistently been a top-tier efficiency performer at its data centers, amongst the lowest G&A to mine a Bitcoin and one of the lowest in shareholder dilution. We are pleased to increase our stacking of Bitcoin to currently HODL 2,496 Bitcoin on the balance sheet.\"Operational Update:Aydin Kilic, President and CEO stated: \"We have received confirmation that the remaining batch of our S21 orders are ready to ship, and in fact have been upgraded to S21 Pro, representing approximately 1,150 S21 Pro miners from HIVE's original order in December. Additionally, the new purcha...