According to PANews, Hive Digital Technologies announced that the company mined 103 bitcoins in November, increasing its HODL reserves to 2,713 BTC, marking a 67% year-over-year increase. The market value of these bitcoin reserves exceeds $261 million, based on a price of $96,400 per bitcoin. The company reported an average hash rate of 5.3 EH/s with an energy efficiency of 22.3 J/TH, reaching a peak hash rate of 5.7 EH/s.
Hive Digital Technologies plans to enhance its total hash rate to 15 EH/s by the summer of 2025. This expansion will be achieved through the acquisition of 11,500 Avalon ASIC miners and Bitmain S21+ Hydro miners with a combined capacity of 8.6 EH/s. The company anticipates that this increase in mining capacity will generate annual revenues exceeding $300 million, with mining profits surpassing $200 million.
