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RETRANSMISSION: HIVE Digital Provides July 2023 Production Update and Announces Deployment of Additional Supermicro Servers for Nvidia GPUs to Triple AI Computing Power
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 Provides July 2023 Production Update and Announces Deployment of Additional Supermicro Servers for Nvidia GPUs to Triple AI Computing PowerThis 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. - August 3, 2023) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the \"Company\" or \"HIVE\") is pleased to announce the unaudited production figures from the Company's global Bitcoin operations for the month of July 2023, with 263 Bitcoin produced in July, and a current BTC HODL balance of approximately 2,032 (as of August 1st). The Company's ASIC hashrate has grown 5% month over month and has maintained over 3.3 Exahash (\"EH/s\") of Bitcoin mining capacity on average for July 2023, including ASIC and GPU BTC hashrate (all amounts in US dollars, unless otherwise indicated).Summary Overview:HIVE produced 263 Bitcoin in the month of July, from ASIC and GPU mining operations, representing an average of 75.9 Bitcoin Per Exahash, with an average hashrate of 3.46 EH/s for the month of July 2023;HIVE produced an average of 8.5 BTC per day in July 2023;BTC HODL position has increased this month by 75 BTC to 2,032 BTC from the prior month end of 1,957 BTC; andHIVE ended the month with 3.64 EH/s of mining capacity, including ASIC and GPU BTC hashrate.GPU Cloud and AI UpdateAydin Kilic, President & CEO of HIVE noted \"We are very excited to have installed our latest fleet of Supermicro servers in Sweden this week, where each server will power 10 Nvidia A40 GPUs, thus creating 480 GB of VRAM per bare metal server, and additionally supplement these GPUs with dual Intel CPUs offering 96 threads, 512 GB of system RAM, and 7.6 TB of NVMe storage. We are now in the tactical execution phase of our AI infrastructure business, where we will continually upgrade the CPU servers used to operate our fleet of Nvidia data center grade GPUs and make these available for HPC and AI workloads.\"Frank Holmes, Executive Chairman of HIVE stated \"Mining BTC with ASIC chips is much less intense and complex than mining with GPU chips. We have extensive experience since HIVE went public in 2017 in using high performing GPU chips. We ...