Vancouver-based Hive Digital fortifies its bitcoin mining capabilities with the acquisition of 4,800 Antminer S19k Pro units from Bitmain. This strategic move aims to enhance efficiency ahead of the 2024 block reward halving, positioning Hive for sustained success in the volatile cryptocurrency market.
Hive Digital, a leading bitcoin mining company, has secured 4,800 Antminer S19k Pro units from Bitmain, signaling a proactive approach ahead of the 2024 reward halving. The SHA256-based mining rigs offer a formidable hashrate of up to 120 TH/s with enhanced energy efficiency at 23 J/T.
With delivery expected within 30 days, Hive aims to upgrade its mining infrastructure, combating rising operational costs. Despite recent stock declines, the company’s year-to-date performance reflects an 86.27% increase against the U.S. dollar.
Hive’s current hashrate of 4.1 EH/s positions it as a notable player in the Bitcoin network, mining approximately 9 BTC daily.
The move aligns with industry trends, as mining firms strive to optimize operations amid market uncertainties.