HIVE Digital, a cryptocurrency mining company, experienced an 11% surge in shares after reporting a significant rise in Bitcoin holdings compared to last year. The company mined 117 Bitcoin in October, marking a 1% increase from the previous month. With a HODL portfolio now at 2,624 BTC, up by 51% year-over-year, HIVE Digital attributes this success to careful capital management. The firm also expressed optimism following the U.S. election results, anticipating a crypto-friendly administration. In addition, HIVE Digital initiated the construction of a new 100 MW Bitcoin mining facility in Paraguay, aiming to capture 2% of global mining capacity and generate substantial revenue for the country. The company issued restricted share units to align incentives with shareholders, further boosting investor confidence. These developments propelled HIVE Digital's share price to $4.52, signaling positive outlook for its growth trajectory. Read more AI-generated news on: https://app.chaingpt.org/news

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