HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE), the Canadian publicly-listed crypto mining company, has announced its unaudited production figures for October 2023, showcasing a significant achievement in its Bitcoin mining operations. The company, which went public on the TSX Venture Exchange in 2017, has focused on sustainable green energy mining across its data centers in Canada, Sweden, and Iceland.
In the month of October, HIVE Digital produced 265.9 Bitcoin, averaging 67.5 Bitcoin per Exahash, which translated to a modest decline compared to September’s result of 269.5 Bitcoin. The company’s average mining capacity stood at 3.94 exahash per second (EH/s), with a month-end peak of 3.97 EH/s. This growth was possible due to the optimization of the company’s mining fleet within the existing infrastructure and its strategic approach to acquisitions in the market.
“We are very pleased to have reached 4.0 Exahash this month from ASIC mining operations as we continue to optimize our fleet, within existing infrastructure,” Aydin Kilic, the President & CEO of HIVE, stated. “In addition, a portion of our GPUs are still mining alt-coins with which we are paid in Bitcoin. The equivalent Bitcoin hash rate from our GPUs in the month of October was 130 PH/s.”
HIVE’s production update reveals a detailed breakdown of Bitcoin mined from ASICs and GPUs, with a slight month-over-month increase in ASIC hash rate. The company also notes the volatility of the Bitcoin network mining difficulty, which can significantly impact gross profit margins.
HIVE Pivots to AI as Bitcoin Mining Profits Plummet
In a shift to align with the burgeoning fields of high-performance computing (HPC) and artificial intelligence (AI), HIVE Blockchain Technologies has announced a rebranding initiative, transitioning to HIVE Digital Technologies Ltd. This rebranding reflects the company’s strategic pivot from its original cryptocurrency roots to embrace the rapid growth and widespread adoption of AI technologies.
Since its inception during the cryptocurrency surge in 2017, HIVE has been at the forefront of digital asset mining. Six years into its journey, the company is adapting its strategic direction to capitalize on the next wave of market evolution. HIVE’s HPC data centers are equipped with Nvidia’s advanced GPUs, which are crucial for the AI revolution’s expansive needs.
As AI capability and adoption grow, many workloads will shift from local machines to GPU cloud pic.twitter.com/W0ImtqnBBX
— HIVE Digital Technologies (@HIVEDigitalTech) September 6, 2023
The company is also shifting its focus towards leveraging its Supermicro servers’ capabilities to contribute computational resources to the AI industry.
“Where HIVE has been a technology leader in crypto-mining, our team with the knowledge and experience of operating a fleet of approximately 150,000 GPUs during the Ethereum mining era, now aspires to apply their expertise to the Company’s long-term blue-sky vision to implement our 38,000 Nvidia GPUs for HPC and AI workloads,” Kilic added.
where buy generic clomiphene without dr prescription how to buy generic clomiphene price where can i get cheap clomid without dr prescription generic clomid without prescription buying clomid no prescription get generic clomiphene without insurance can i purchase generic clomiphene pills
More posts like this would persuade the online time more useful.
Thanks on sharing. It’s first quality.
buy generic zithromax 250mg – order azithromycin 500mg online buy flagyl without a prescription
semaglutide 14 mg brand – rybelsus where to buy cyproheptadine 4mg usa
motilium cheap – sumycin 250mg tablet buy cyclobenzaprine tablets
buy zithromax generic – buy nebivolol 20mg pills order nebivolol 20mg online cheap
order augmentin 1000mg generic – https://atbioinfo.com/ ampicillin medication
where can i buy nexium – https://anexamate.com/ nexium 20mg uk
warfarin 2mg over the counter – https://coumamide.com/ order losartan generic
order mobic 7.5mg pills – https://moboxsin.com/ mobic 15mg usa
brand prednisone 40mg – https://apreplson.com/ buy deltasone 5mg for sale
where to buy over the counter ed pills – https://fastedtotake.com/ buy generic ed pills online
purchase amoxil online cheap – order amoxicillin order amoxil for sale
fluconazole 200mg oral – diflucan 100mg price diflucan over the counter
order lexapro 10mg sale – https://escitapro.com/# buy escitalopram 10mg sale
buy cenforce online – on this site generic cenforce 100mg
how much does cialis cost at walgreens – https://ciltadgn.com/ cialis dosages
cialis tadalafil 5mg once a day – cialis las vegas safest and most reliable pharmacy to buy cialis
50 mg sildenafil tablets – buy viagra mumbai buy viagra online to canada
This website absolutely has all of the tidings and facts I needed about this participant and didn’t comprehend who to ask. on this site
More articles like this would remedy the blogosphere richer. https://buyfastonl.com/azithromycin.html
I am in point of fact happy to coup d’oeil at this blog posts which consists of tons of of use facts, thanks for providing such data. https://prohnrg.com/product/priligy-dapoxetine-pills/
This website really has all of the low-down and facts I needed to this participant and didn’t identify who to ask. https://aranitidine.com/fr/sibelium/
With thanks. Loads of knowledge! https://ondactone.com/simvastatin/
More posts like this would force the blogosphere more useful.
can i buy generic flexeril prices
The thoroughness in this section is noteworthy. http://www.orlandogamers.org/forum/member.php?action=profile&uid=28884
forxiga 10mg sale – https://janozin.com/ pill dapagliflozin 10 mg
buy xenical paypal – https://asacostat.com/# purchase xenical pill
The thoroughness in this piece is noteworthy. http://zqykj.cn/bbs/home.php?mod=space&uid=303388