HIVE Digital Technologies has announced the purchase of 1,000 Bitmain S21 Pro Antminers, marking a significant upgrade to its mining fleet.

This acquisition is expected to increase HIVE’s mining efficiency and capacity as part of its broader strategy to optimize operations. The newly acquired miners will contribute an additional 200 PH/s to HIVE’s hashrate, boosting the company’s total mining capacity to 5.3 EH/s.

HIVE’s purchase of the S21 Pro Antminers aligns with its ongoing efforts to improve energy efficiency. The company’s global fleet now operates with an efficiency of 23 joules per terahash (J/TH), and the integration of these new miners is expected to further enhance this.

Additionally, HIVE remains committed to using green energy sources, with a focus on hydroelectricity, to power its mining operations.

This purchase not only enhances HIVE’s mining capacity but also underscores its focus on maintaining low general and administrative expenses while maximizing returns on investment.

As of August 31, 2024, HIVE’s Bitcoin holdings amounted to 2,533 BTC, with a total value exceeding $164 million​.

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