According to Deep Tide TechFlow news, on December 4, as reported by Decrypt, Nasdaq-listed Bitcoin mining company Hive Digital announced the purchase of 13,480 new mining machines to expand its operations in South American countries. The transaction price exceeds 60 million dollars and will help secure 2% of the global Bitcoin network. These mining machines - Bitmain Antminer S21+ Hydros - have a hash rate of 4.3 exahash (EH/s) per second.
The company also obtained the option to purchase the same model mining machines worth 4.3 EH/s, which can be exercised within a year. If the option is fully exercised, Hive's mining machine fleet will expand to 8.6 EH/s, with the hope of reaching a mining hash rate of 15 EH/s by the summer of 2025.
Executive Chairman Frank Holmes stated that once fully deployed, Hive's mining speed will expand to 15 EH/s. 'According to the current mining economic conditions, this will drive Hive's annual revenue to exceed 300 million dollars, with a mining profit margin exceeding 200 million dollars.'
