HIVE Digital Technologies has doubled its Bitcoin hashrate to 12 EH/s, facilitating a remarkable annual revenue run rate of approximately 250 million USD, expected to reach 400 million USD with further scaling.
As a result of these developments, HIVE’s stock increased by nearly 6.5% to 2.47 USD per share, raising its market capitalization to about 530 million USD, reflecting a growing confidence in Bitcoin mining stocks.
CEO Aydin Kilic highlighted that the company mines over 6 BTC daily at a 55% margin, while also expanding into artificial intelligence to mitigate risks amid rising operational costs in the Bitcoin mining sector.
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