ChainCatcher news, Bitcoin mining company HIVE Blockchain has signed a purchase agreement with Bitmain to acquire 4,800 S19K Pro mining machines to enhance Bitcoin mining efficiency. The batch of equipment is expected to be delivered within 30 days. This will add approximately 652 PH/s of hashing power, and over the past six months, HIVE has purchased 3,100 S19XP units.

ChainCatcher news, the former cryptocurrency mining company HIVE Blockchain has officially changed its name to HIVE Digital Technologies, shifting its business focus to cloud computing technology and artificial intelligence (AI).HIVE expects that as the AI field continues to develop, the demand for efficient and powerful GPUs will correspondingly increase. Executive Chairman Frank Holmes stated that they believe the demand for GPU computing using Nvidia GPU cards is expected to bring high-profit business, with annual revenue projected to exceed $100 million.Previous news, HIVE Blockchain (NASDAQ: HIVE) announced a strategic rebranding plan, aiming to focus on artificial intelligence. (Source link)

ChainCatcher news, Canadian publicly traded cryptocurrency mining company HIVE Blockchain (NASDAQ: HIVE) announced a strategic rebranding plan, aiming to focus on artificial intelligence. As part of this, HIVE Blockchain will be renamed HIVE Digital Technologies to showcase its transformation towards high-performance computing (HPC) data centers and artificial intelligence (AI). This rebranding is expected to take effect around July 12.Previously, according to the fiscal year 2023 data released by HIVE Blockchain in March, the miner's revenue fell by 50% from the record level of $211 million in the same period last year. HIVE hopes to optimize its operations by leveraging artificial intelligence. (Source link)

ChainCatcher news, Bitcoin mining company HIVE Blockchain announced plans to double its hash rate to 6 EH/s. Hive stated that by the end of the second quarter, it will increase its hash rate from approximately 3 EH/s to 4 EH/s using the machines it has purchased.In addition, HIVE Blockchain will also conduct ATM (At-the-market) financing in collaboration with two large independent brokers in Canada. According to the equity distribution agreement, the company may sell up to $100 million of common stock from time to time (ATM equity program). The company intends to use the net proceeds from the ATM equity program (if any) primarily for general corporate and working capital needs, funding ongoing operations, repaying outstanding debt from time to time, completing future acquisitions, or other corporate purposes. (Source link)

ChainCatcher news, HIVE Blockchain produced 282 bitcoins in March, and as of March 31, HIVE Blockchain holds a total of 2310 bitcoins, with a total operating hash rate of 3.36EH/s. (Source link)

ChainCatcher news, Bitcoin mining company HIVE Blockchain produced a total of 4,752 bitcoins in 2022, an increase of 18% year-on-year. As of today, HIVE holds 2,348 bitcoins, worth over $38 million. HIVE stated that in the fourth quarter of 2022, it strategically sold a portion of its bitcoins to increase cash reserves, funding expansion opportunities during the bear market.In addition, HIVE Blockchain produced 213.8 bitcoins in December alone, generating an additional $3.15 million in revenue from its energy price hedging and grid balancing strategies. As of December 31, HIVE's total hash rate was 2.06 EH/s. HIVE stated that it currently has 1,423 HIVE BuzzMiner bitcoin mining machines powered by Intel Blockscale listed. (source link)