Hive Digital Technologies Reports 67% Annual Growth in Bitcoin HODL Portfolio [Video]

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to announce the company’s unaudited production results for November 2024, showcasing significant milestones. The company mined 103 Bitcoin during the month, increasing its HODL portfolio to 2,713 BTC—a 67% year-over-year growth.

Holmes highlighted that Hive maintained an average mining capacity of 5.3 Exahash per Second (EH/s) with fleet efficiency of 22.3 Joules per Terahash, reaching a peak hashrate of 5.7 EH/s. This performance enabled an average daily production of 3.42 BTC, or 19.3 Bitcoin per Exahash. As of November 30, 2024, the company’s Bitcoin holdings are valued at over $261 million, based on a BTC price of approximately $96,400.

In a move to solidify its position as a leading Bitcoin miner, Hive announced the purchase of 11,500 next-generation Avalon ASIC miners from Canaan Inc. and 8.6 EH/s of Bitmain’s S21+ Hydro machines. With these acquisitions, Hive is targeting …