HomeMarket NewsHIVE Digital Bitcoin Production Slightly Decreases in September

HIVE Digital Bitcoin Production Slightly Decreases in September

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Cryptocurrency mining rigs in a data center

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In September, HIVE Digital Technologies (NASDAQ:HIVE), formerly known as HIVE Blockchain, reported a slight decline in the total number of bitcoins mined. The company produced 269.5 bitcoins, down from the 274 tokens mined in August.

Despite the decrease in production, HIVE Digital Technologies saw an increase in its mining capacity. The company’s mining capacity reached 3.98 exahashes per second (EH/s) in September, up from 3.69 EH/s in the previous month. This increase includes both ASIC and GPU BTC hashrate.

β€œGoing forward, we remain committed to investing in new Bitcoin mining machines at prices that will generate optimal payback before the halving next April. Based on our analytics, we expect these machines to continue generating positive cash flow even after the halving correction,” said HIVE Executive Chairman Frank Holmes.

In the market, HIVE’s stock price rose by 3.2% during late morning trading, while the price of bitcoin increased by 1.4% to $27.9K.

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