HIVE Digital Applied sciences Mined 3,260 Bitcoins in 2023

HIVE Digital Applied sciences Ltd. (HIVE) is happy to announce the summarized unaudited manufacturing figures from the Firm’s international Bitcoin operations for the 2023 calendar yr. Manufacturing totaled 3,260 Bitcoin mined, and hashrate elevated by 100% within the 2023 calendar yr, from 2 Exahash per second (“EH/s”) on the finish of December 2022 to 4 EH/s on the finish of December 2023 (all quantities in US {dollars}, until in any other case indicated).

HIVE has maintained roughly 1% of the worldwide Bitcoin mining community by 2023, mining a mean of roughly 9 Bitcoin per day all through the calendar yr of 2023, by sustaining a rising hashrate over the course of the yr, that has typically stored tempo with the Bitcoin mining community hashrate progress. With the whole day by day block rewards of the Bitcoin mining community averaging 900 Bitcoin per day, or 328,500 Bitcoin in a calendar yr, HIVE incomes 3,260 Bitcoin for calendar 2023 is roughly 1% of the Bitcoin mining community.

All through calendar 2023 the Bitcoin mining community continued to draw extra environment friendly ASIC machines to compete for the 900 new Bitcoin mined per day, as HIVE’S community hashrate grew from roughly 2 EH/s from the start of 2023 to roughly 4 EH/s on the finish of 2023. Accordingly, Mining Issue¹ additionally elevated roughly 100% yr over yr, from January 1, 2023 to December 31, 2023, as per www.blockchain.com. That is how HIVE maintained roughly 1% of the whole Bitcoin rewards mined in calendar 2023.

HIVE ended the 2023 calendar yr with roughly $17 million in money and a Bitcoin HODL place of 1,704 BTC. As talked about within the Firm’s December 19, 2023, information launch, the Firm’s HODL technique is such that it anticipates to have the ability to HODL all its Bitcoin till the upcoming Halving which is predicted to be in April 2024 after which the variety of new Bitcoin mined per day will drop to 450 Bitcoins per day.

Bitmain S19k Professional Replace

HIVE additionally publicizes that additional to its information releases dated November 14, 2023, and December 4, 2023, all 9,800 of the Bitmain S19k Professional Antminers ordered by the Firm have shipped. At present roughly 70% have been put in, and it’s anticipated that 100% of those machines will probably be put in earlier than January 2024 month-end. After these miners are put in, it’s anticipated that HIVE could have 4.8 EH/s of ASICs with a mean fleet effectivity of 28.7 J/TH.

As well as, additional to its information launch dated December 21, 2023, upon the completion of the set up of the 7,000 Bitmain S21 Antminers ordered in December 2023, which is able to start in January 2024 and is predicted to be accomplished in June 2024, it’s anticipated that HIVE could have a mean fleet effectivity of 25 J/TH and a complete of 5.6 EH/s of lively mining capability.