HIVE
Blockchain Applied sciences Ltd. (NASDAQ: HIVE), the Canadian publicly-listed
crypto mining firm, has introduced its unaudited manufacturing figures for
October 2023, showcasing a major achievement in its Bitcoin mining
operations. The corporate, which went public on the TSX Enterprise Alternate in 2017,
has targeted on sustainable inexperienced power mining throughout its information facilities in
Canada, Sweden, and Iceland.
Within the
month of October, HIVE Digital produced 265.9 Bitcoin , averaging 67.5 Bitcoin
per Exahash, which translated to a modest decline in comparison with September’s
results of 269.5 Bitcoin. The corporate’s common mining capability stood at 3.94 exahash
per second (EH/s), with a month-end peak of three.97 EH/s. This development was doable
as a result of optimization of the corporate’s mining fleet throughout the current
infrastructure and its strategic strategy to acquisitions available in the market.
“We
are more than happy to have reached 4.0 Exahash this month from ASIC mining
operations as we proceed to optimize our fleet, inside current infrastructure,”
Aydin Kilic, the President & CEO of HIVE, said. “As well as, a
portion of our GPUs are nonetheless mining alt-coins with which we’re paid in
Bitcoin. The equal Bitcoin hash price from our GPUs within the month of October
was 130 PH/s.”
HIVE’s
manufacturing replace reveals an in depth breakdown of Bitcoin mined from ASICs and
GPUs, with a slight month-over-month improve in ASIC hash price. The corporate
additionally notes the volatility of the Bitcoin community mining issue, which might
considerably impression gross revenue margins.
HIVE Pivots to AI as
Bitcoin Mining Earnings Plummet
In a shift
to align with the burgeoning fields of high-performance computing (HPC) and
synthetic intelligence (AI), HIVE Blockchain Applied sciences has introduced a
rebranding initiative, transitioning to HIVE Digital Applied sciences Ltd. This
rebranding displays the corporate’s strategic pivot from its authentic
cryptocurrency roots to embrace the fast development and widespread adoption of AI
applied sciences.
Since its
inception through the cryptocurrency surge in 2017, HIVE has been on the
forefront of digital asset mining. Six years into its journey, the corporate is
adapting its strategic path to capitalize on the subsequent wave of market
evolution. HIVE’s HPC information facilities are outfitted with Nvidia’s superior GPUs,
that are essential for the AI revolution’s expansive wants.
As AI functionality and adoption develop, many workloads will shift from native machines to GPU cloud pic.twitter.com/W0ImtqnBBX
— HIVE Digital Applied sciences (@HIVEDigitalTech) September 6, 2023
The corporate
can also be shifting its focus in direction of leveraging its Supermicro servers’
capabilities to contribute computational sources to the AI business.
“The place
HIVE has been a expertise chief in crypto-mining , our workforce with the information
and expertise of working a fleet of roughly 150,000 GPUs through the
Ethereum mining period, now aspires to use their experience to the Firm’s
long-term blue-sky imaginative and prescient to implement our 38,000 Nvidia GPUs for HPC and AI
workloads,” Kilic added.
HIVE
Blockchain Applied sciences Ltd. (NASDAQ: HIVE), the Canadian publicly-listed
crypto mining firm, has introduced its unaudited manufacturing figures for
October 2023, showcasing a major achievement in its Bitcoin mining
operations. The corporate, which went public on the TSX Enterprise Alternate in 2017,
has targeted on sustainable inexperienced power mining throughout its information facilities in
Canada, Sweden, and Iceland.
Within the
month of October, HIVE Digital produced 265.9 Bitcoin , averaging 67.5 Bitcoin
per Exahash, which translated to a modest decline in comparison with September’s
results of 269.5 Bitcoin. The corporate’s common mining capability stood at 3.94 exahash
per second (EH/s), with a month-end peak of three.97 EH/s. This development was doable
as a result of optimization of the corporate’s mining fleet throughout the current
infrastructure and its strategic strategy to acquisitions available in the market.
“We
are more than happy to have reached 4.0 Exahash this month from ASIC mining
operations as we proceed to optimize our fleet, inside current infrastructure,”
Aydin Kilic, the President & CEO of HIVE, said. “As well as, a
portion of our GPUs are nonetheless mining alt-coins with which we’re paid in
Bitcoin. The equal Bitcoin hash price from our GPUs within the month of October
was 130 PH/s.”
HIVE’s
manufacturing replace reveals an in depth breakdown of Bitcoin mined from ASICs and
GPUs, with a slight month-over-month improve in ASIC hash price. The corporate
additionally notes the volatility of the Bitcoin community mining issue, which might
considerably impression gross revenue margins.
HIVE Pivots to AI as
Bitcoin Mining Earnings Plummet
In a shift
to align with the burgeoning fields of high-performance computing (HPC) and
synthetic intelligence (AI), HIVE Blockchain Applied sciences has introduced a
rebranding initiative, transitioning to HIVE Digital Applied sciences Ltd. This
rebranding displays the corporate’s strategic pivot from its authentic
cryptocurrency roots to embrace the fast development and widespread adoption of AI
applied sciences.
Since its
inception through the cryptocurrency surge in 2017, HIVE has been on the
forefront of digital asset mining. Six years into its journey, the corporate is
adapting its strategic path to capitalize on the subsequent wave of market
evolution. HIVE’s HPC information facilities are outfitted with Nvidia’s superior GPUs,
that are essential for the AI revolution’s expansive wants.
As AI functionality and adoption develop, many workloads will shift from native machines to GPU cloud pic.twitter.com/W0ImtqnBBX
— HIVE Digital Applied sciences (@HIVEDigitalTech) September 6, 2023
The corporate
can also be shifting its focus in direction of leveraging its Supermicro servers’
capabilities to contribute computational sources to the AI business.
“The place
HIVE has been a expertise chief in crypto-mining , our workforce with the information
and expertise of working a fleet of roughly 150,000 GPUs through the
Ethereum mining period, now aspires to use their experience to the Firm’s
long-term blue-sky imaginative and prescient to implement our 38,000 Nvidia GPUs for HPC and AI
workloads,” Kilic added.
