Hive Digital Technologies has reported mining 119 Bitcoin in June, increasing its Bitcoin holdings by 2% to a total of 2,496 Bitcoin. The company maintained an impressive average Bitcoin mining capacity of over 4.7 Exahash ("EH/s") during the month. With a Bitcoin HODL value exceeding $140 million as of July 7, Hive’s enterprise value appears highly attractive compared to its peers.
Executive Chairman Frank Holmes revealed that the company received confirmation that the remaining batch of its S21 orders are ready to ship and have been upgraded to S21 Pro models. This upgrade includes approximately 1,150 S21 Pro miners from Hive's original order placed in December. Additionally, a new purchase of 1,000 S21 Pro miners, announced in the May production report, are also ready for shipment.
The deployment of these new machines is expected to significantly boost Hive Digital Technologies' total operational hashrate to 5.5 EH/s once fully installed. The global fleet efficiency is projected to improve to 24.5 J/TH. The company plans to have these new machines installed and operational before the end of July.
These advancements highlight Hive's commitment to expanding its mining capacity and optimizing operations, positioning the company for continued growth and increased competitiveness in the rapidly evolving cryptocurrency mining industry.
