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RETRANSMISSION: HIVE Digital Announces Purchase of 7,000 Bitmain S21 Antminers to Expand Production by 1.4 Exahash
This news release constitutes a "designated news release" for the purposes of the Company's prosp...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"RETRANSMISSION: HIVE Digital Announces Purchase of 7,000 Bitmain S21 Antminers to Expand Production by 1.4 ExahashThis news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated May 10, 2023 to its short form base shelf prospectus dated May 1, 2023.Vancouver, British Columbia--(Newsfile Corp. - December 22, 2023) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the \"Company\" or \"HIVE\"), a leading digital asset miners and \"green\" focused data center builder and operator is pleased to announce the purchase of 7,000 units of the new Bitmain S21 Antminers, which will be delivered January through June 2024.Once installed in HIVE's existing 140 MW of green energy infrastructure, HIVE's average fleet efficiency will be 25 J/TH, and 5.8 ExaHash of Bitcoin mining capacity.This order brings HIVE's purchases of new generation ASICs last month to a total of 16,800 Bitmain new generation ASICs, comprised of 5,000 S19 kPro Antminers, followed by 4,800 S19 kPro Antminers, and now 7,000 S21 Antminers. Additionally, HIVE has an existing inventory fleet of 6.6 Exahash of ASICs. With this delivery of 1.4 Exahash of S21 Antminers, HIVE will have a total ASIC capacity of 8 Exahash.HIVE's growth plans are to expand production to 8 Exahash in 2024, HODL its Bitcoin production and continue to expand its HPC platform utilizing its growing suite of Nvidia chips.About HIVE Digital Technologies Ltd.HIVE Digital Technologies Ltd. went public in 2017 as the first cryptocurrency mining company listed for trading on the TSX Venture Exchange with a sustainable green energy focus.HIVE is a growth-oriented technology stock in the emergent blockchain and high-performance computing industry. As a company whose shares trade on major stock exchanges, we are building a bridge between the digital currency and blockchain sectors and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data center facilities in Canada, Sweden, and Iceland, where we endeavour to source green energy to mine digital assets such as Bitcoin on the cloud. Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well a...