HIVE Digital Applied sciences Ltd. (HIVE) is happy to announce its unaudited manufacturing outcomes for August 2024. The corporate efficiently mined 112 Bitcoins, rising its complete Bitcoin holdings by 1%, bringing the steadiness to 2,533 BTC. HIVE additionally introduced the acquisition of 1,000 Bitmain S21 Professional Antminers for fast supply to improve the present set of machines, rising total mining effectivity and capability. HIVE maintained a powerful common Bitcoin mining capability of over 5.0 Exahash per second (“EH/s”) all through the month, all whereas persevering with its dedication to inexperienced vitality by primarily sourcing hydroelectricity to energy its knowledge facilities (all quantities in US {dollars} except in any other case said).
Highlights August 2024:
-
Manufacturing: 112 Bitcoins mined in August 2024.
- Advertisement - -
Maintained mining capability: It ended the month with a mining capability of 5.3 EH/s ASICs, attaining a mixed fleet effectivity of 23 joules per terahash (“J/TH”).
-
HODL place: Bitcoin holdings elevated to 2,533 BTC, reflecting a 1% improve from the earlier month.
-
Mining effectivity: A mean of twenty-two.4 Bitcoins per Exahash, on the finish of August with a capability of 5.3 EH/s and a constant common hashrate of 5.0 EH/s.
-
Day by day manufacturing: A mean of three.6 BTC per day, highlighting operational effectivity and sturdy mining capabilities.
- Advertisement -
HODL Strategic Progress:
HIVE highlights that with Bitcoin HODL exceeding $164 million as of August 31, 2024, the corporate's enterprise worth stays compelling in comparison with trade friends.
Energy Stats:
Frank Holmes, Government Chairman of the Board, said: “We stay centered on our technique of sustaining the bottom G&A prices per Bitcoin mined, maximizing money circulate returns on invested capital and attaining excessive earnings per worker whereas minimizing share dilution. Our disciplined method supported by a worldwide workforce working in 9 time zones ranks HIVE as one of many leanest Bitcoin mining operations with a horny EV-to-EBITDA a number of and holds over 2,500 clear and inexperienced Bitcoins on our steadiness sheet.”
Aydin Kilic, President and CEO, added: “Over the previous month, we optimized the efficiency of our fleet and achieved a median hashrate of roughly 5.2 EH/s by fine-tuning the firmware of our 30 J/TH machines and enhancing their effectivity to 27.-28 J/ TH This resulted in an total fleet effectivity of roughly 23 J/TH. We plan to proceed this optimization over the subsequent 9 months and improve our remaining 30 J/TH ASIC units to six.9 EH/s for a mixed fleet effectivity of 19 TH/s.”
He additional famous, “To help this technique, we’ve acquired 1,000 Bitmain S21 Professional Antminers for fast supply to improve our current set of rigs. As well as, we’ve bought 300 Bitmain S19 XP miners to totally make the most of the obtainable rack area in our Lachute facility .” These machines have been bought and put in in August.”
With this month-to-month incremental improve technique, HIVE's up to date goal hashrate is predicted to succeed in 13.5 EH/s, with a worldwide blended fleet effectivity of 16.9 J/TH upon completion of the Paraguay facility. This can be achieved whereas sustaining our inexperienced vitality technique, which prioritizes the usage of hydropower to energy our knowledge facilities.
To view an expanded model of this graphic, go to:
https://photographs.newsfilecorp.com/information/5335/222206_15585eaa148f4a0e_0001full.jpg
