Welcome to our dedicated page for HIVE Digital Technologies news (Ticker: HIVE), a resource for investors and traders seeking the latest updates and insights on HIVE Digital Technologies stock.
HIVE Digital Technologies Ltd (HIVE) delivers blockchain infrastructure solutions through sustainable Bitcoin mining operations powered by renewable energy. This news hub provides investors and industry observers with timely updates on corporate developments shaping the digital asset ecosystem.
Access authoritative reporting on HIVE's strategic initiatives, including ASIC mining advancements, global facility expansions, and energy-efficient operations. Our curated news collection covers essential updates: quarterly financial results, technology partnerships, regulatory compliance developments, and infrastructure upgrades.
Monitor HIVE's progress in merging cryptocurrency mining with environmental responsibility through verified press releases and analysis. Discover how the company leverages hydroelectric power and AI-driven operational analytics to maintain competitive advantage in blockchain infrastructure markets.
Bookmark this page for consolidated access to HIVE's latest announcements, including leadership changes, mining capacity updates, and sustainability reports. Check regularly for new insights into one of cryptocurrency's most technologically advanced and ecologically conscious mining operations.
HIVE Blockchain Technologies (TSXV: HIVE) (NASDAQ: HIVE) announces a strategic rebranding, including a name change to HIVE Digital Technologies This move reflects the company's expansion into high-performance computing (HPC) data centers and GPU Cloud compute technology for AI applications. The name change, expected to be effective around July 12, 2023, will not affect trading symbols or share structure.
The company also corrected its June 30, 2023 news release, stating that the correct figure for Bitcoin equivalent mined during the fiscal year was 4,295, not 3,503 as previously reported. Additionally, HIVE's Board of Directors approved a grant of 620,000 incentive stock options at C$6.86 per share for a five-year period.
HIVE Blockchain Technologies Ltd. reported March 2023 production figures, achieving a total of 282 Bitcoin produced, averaging 9.1 BTC daily. The company maintains a HODL balance of approximately 2,310 BTC, with a mining capacity of 3.36 EH/s at the end of the month. HIVE's average hashrate stood at 3.09 EH/s, reflecting a 12% month-over-month increase. The Bitcoin network difficulty surged from 43.1T to 46.8T, highlighting the competitive mining landscape. Executive remarks indicated a notable 14% increase in average daily HPC income compared to February.
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