$HIVE - Mining Giant's Expansion Signals Bullish Future 🚀

HIVE (HIVE Blockchain Technologies) ⛏️:

2024 Performance: HIVE produced 103 BTC in November 2024 and has a HODL portfolio of 2,713 BTC, marking a 67% year-over-year increase. It also reported a 10% rise in Bitcoin holdings in February 2024.

Future Expansion: HIVE's making a massive investment in 8.6 EH/s of Bitmain S21+ Hydro chips, aiming for 15 EH/s hashrate by summer 2025. This could give them 2% of the global Bitcoin network hashrate! 🤯

Efficiency Focus: With an average mining capacity of 5.3 Exahash per Second and a fleet efficiency of 22.3 J/TH, HIVE is prioritizing efficient operations.

Strong Financials: Q2 FY2025 saw $22.6 million in revenue and $5.6 million in adjusted EBITDA.

Paraguay Expansion: A new 100 MW facility in Paraguay will double HIVE's hashrate while lowering costs.

Market Stats at a Glance:

(Disclaimer: This is not financial advice. Do your own research!)

#HIVE #CryptoMining #BTC #usual