ChainCatcher news, according to official sources, Bitcoin mining company HIVE Digital announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan Inc.It is reported that this latest acquisition is based on the announcement made earlier this month to purchase 6,500 Avalon miners, bringing the total number of new Avalon ASIC miners ordered by HIVE Digital in November to 11,500.

ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan's Singapore subsidiary has signed a procurement agreement for Avalon A1566 miners with HIVE Digital. Following the announcement, Canaan's stock price surged by 40%.According to the agreement, Canaan will provide HIVE with 6,500 units of the A1566 miners with a computing power of 185 TH/s, of which 500 units have been delivered and are planned for installation, while the remaining 6,000 units will be delivered in four batches from December 2024 to March 2025.In addition, HIVE Digital's 100 MW expansion project in Paraguay has commenced, expected to be operational in the third quarter of 2025, targeting a computing power of 12.5 EH/s, with a mining farm efficiency of 17.6 J/TH. As of now, Canaan (CAN) stock price has risen by 38% to $1.74, with a market capitalization of $499 million; HIVE Digital (HIVE) stock price has increased by 17% to $5.44.

ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan has signed a procurement agreement with HIVE Digital to provide 6,500 Avalon A1566 miners, with an average hash rate of 185 TH/s. Currently, the first batch of 500 miners has been delivered and is scheduled for installation, while the remaining 6,000 will be delivered in batches from December to March 2025. As a result of this news, Canaan's Nasdaq stock (CAN) rose 38% to $1.74.It is reported that HIVE Digital has announced the commencement of a new 100 MW expansion project in Paraguay, which is expected to be fully operational by the third quarter of 2025, with a target hash rate of 12.5 EH/s and equipment efficiency of 17.6 J/TH.

ChainCatcher news, mining company HIVE Digital released its financial report for September, producing 112 BTC, with a Bitcoin holding of 2,604, an increase of 50% over the past 12 months.

ChainCatcher news, according to official sources, HIVE Digital Technologies released its unaudited operational report for August 2024, which disclosed that in August 2024, it mined 112 bitcoins, with holdings increasing by 1% to 2,533 bitcoins.In addition, it also acquired 1,000 Bitmain S21 Pro Antminers to upgrade its existing machine suite, enhancing overall mining efficiency and capacity.

ChainCatcher news, cryptocurrency mining company HIVE Digital Technologies announced an 8% year-over-year increase in revenue, reaching $114.5 million, which is about $2.7 million higher than analysts' expectations.HIVE's net loss for the fiscal year 2024 was $51.2 million, compared to a net loss of $236.4 million in the previous year. As of March 31, 2024, the company held 2,287 bitcoins, currently valued at $141 million.Previous news, cryptocurrency mining company HIVE Digital completed a $21.78 million private placement financing.

ChainCatcher news, the cryptocurrency mining company HIVE Digital Technologies Ltd. (HIVE) announced the completion of its previously announced bought deal private placement, issuing a total of 5.75 million Special Warrants, each priced at CAD 5, raising a total of CAD 28.75 million (approximately USD 21.78 million). The funds will be used to support the growth of its Bitcoin mining operations and to expand its green mining footprint.

ChainCatcher news, the encrypted mining company HIVE Digital announced the purchase of 7,000 Antminer S21 from Bitmain, with an expected delivery time between January and June 2024.

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)