Bitcoin Mining Company HIVE Reports 22% Increase in August Bitcoin Production

Deep News

Sep 08

During Monday's early US market trading session, shares of digital currency mining and sales company HIVE Digital Technologies Ltd (HIVE) declined slightly, despite the company reporting a 22% surge in Bitcoin production for August, primarily attributed to the expansion of its Paraguay operations.

Following the completion of Phase 2 of the Paraguay Iguazu project, HIVE Digital Technologies Ltd expects further enhancement of its Bitcoin mining capabilities, with a target of achieving approximately 12 BTC in average daily production.

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