Canadian Bitcoin mining company HIVE Digital has released a June financial report, revealing it has increased its reserves to 2,503 BTC stored on the balance sheet.
HIVE Digital Technologies, the Vancouver-based Bitcoin mining company, seems unaffected by the recent miner capitulation that caused Bitcoin (BTC) to plunge below the $56,000 mark.
In a Jul. 8 press release, the company revealed that as of Jul. 7, its crypto holdings on the balance sheet had increased to 2,503 BTC, a more than 2% increase compared to the prior month. In total, HIVE Digital mined 119 BTC in June, keeping the same performance as in May.
Despite recent market turbulence that saw Bitcoin plunge below the $56,000 mark, HIVE Digital appears unaffected. CEO Aydin Kilic addressed the firm’s operational expansion, noting that the remaining batch of Bitmain S21 orders “are ready to ship, and in fact have been upgraded to S21 Pro, representing approximately 1,150 S21 Pro miners from HIVE’s original order in December.” Kilic added that the latest acquisition of 1,000 S21 Pro Miners revealed in May is now “ready to ship,” with the total fleet of new rigs expected to be installed by the end of July.
You might also like: Bitcoin rally hinges on rate cut, Bitfinex exec says
“Therefore, we expect the total 2,150 pending S21 Pro miners to ship in the next week, bringing HIVE’s total operational hashrate to 5.5 EH/s once fully installed, with a global fleet efficiency of 24.5 J/TH. HIVE expects these machines to be installed before the end of July.”
Aydin Kilic
Following the release of the positive report, HIVE Digital’s shares (HIVE) soared by over 9.5% on Nasdaq, jumping to $3.34, according to data from Google Finance.
HIVE Digital’s reserve boosting comes despite massive capitulation among its rivals. As QCP analysts noted in a research report, Bitcoin miners are showing “signs of capitulation” as the cryptocurrency’s price slid below $56,000 late Jul. 5. Amid the deteriorating landscape, the hashprice mark neared “its all-time low,” a level last seen during the bear market.
Read more: Bitcoin mining stocks slumping in pre-market trading
can i get clomid pills can you get clomiphene pills can i order cheap clomid without insurance buying clomid order cheap clomiphene without prescription clomiphene tablets price in pakistan where buy generic clomiphene without dr prescription
The thoroughness in this section is noteworthy.
The thoroughness in this break down is noteworthy.
where can i buy zithromax – buy zithromax paypal brand metronidazole
purchase semaglutide without prescription – buy cheap generic cyproheptadine buy periactin 4 mg pill
buy domperidone pills – order flexeril 15mg sale flexeril 15mg generic
buy inderal sale – order plavix sale methotrexate oral
amoxicillin uk – order combivent 100mcg pills buy generic ipratropium 100mcg
order zithromax 250mg pills – order nebivolol 5mg sale buy nebivolol 5mg generic
buy generic amoxiclav – https://atbioinfo.com/ where can i buy acillin
esomeprazole for sale – nexium to us order esomeprazole 20mg online
purchase coumadin online cheap – coumamide buy losartan 25mg sale
mobic pills – https://moboxsin.com/ meloxicam 7.5mg canada
buy generic prednisone – https://apreplson.com/ order prednisone 5mg
can you buy ed pills online – cheapest ed pills online natural ed pills
order amoxicillin sale – https://combamoxi.com/ amoxicillin order online
fluconazole 100mg canada – https://gpdifluca.com/# buy diflucan for sale
escitalopram 20mg price – https://escitapro.com/ order lexapro 10mg generic
buy cheap cenforce – https://cenforcers.com/# oral cenforce 100mg
cialis 2.5 mg – https://ciltadgn.com/# best place to buy tadalafil online
cialis professional review – click cialis price walmart
order zantac 300mg online cheap – this zantac for sale