Hive Digital Expands Mining Fleet with 7,000 Bitmain ASIC Rigs
Vancouver-based company Hive Digital Technologies has acquired 7,000 new application-specific integrated circuit (ASIC) bitcoin mining rigs from Bitmain. The ordered Antminer S21 units will be delivered between January and June next year.
Hive Digital Increases Hashpower with 1.4 EH/s
Hive Digital has expanded its bitcoin mining rig inventory with an additional purchase from Bitmain. This follows their previous acquisitions of S19k Pro miners. The latest addition of 7,000 S21 devices will bring their total orders to 16,800 Bitmain miners. The new miners will increase Hive’s total mining capacity to 8 EH/s.
Hive Ventures into AI and HPC Technologies
In addition to expanding its mining fleet, Hive has integrated 96 Nvidia H100 graphics processing units (GPUs) into its collection. The company has been focusing on the realms of artificial intelligence (AI) and high-performance computing (HPC) technologies.
Intense Activity in Bitcoin Mining Sector
Hive’s recent acquisition of mining rigs from Bitmain is part of a larger trend in the bitcoin mining sector. Cipher Mining, Riot, Cleanspark, and DMG have all purchased mining rigs from prominent manufacturers. The Bitmain models acquired by Hive are air-cooled ASIC devices capable of delivering 200 TH/s of SHA256 hashrate.
Preparations for the Halving Event
The bitcoin mining community is preparing for the anticipated halving event in 2024. Incorporating new miners into their fleets allows mining companies to enhance their efficiency and power, ensuring they can continue supporting the blockchain’s security and integrity after the halving.
Hot Take: Hive Digital Expands Bitcoin Mining Fleet to Meet Growing Demand
Vancouver-based company Hive Digital Technologies is keeping up with the growing demand for bitcoin mining by acquiring 7,000 new ASIC rigs from Bitmain. With this expansion, Hive’s mining fleet will reach a total hashrate of 8 EH/s, positioning the company for increased profitability and competitiveness in the industry. The integration of Nvidia GPUs into its operations demonstrates Hive’s commitment to exploring emerging technologies like AI and HPC. With the anticipated halving event on the horizon, Hive’s strategic preparations ensure its ability to support the blockchain’s security and integrity while optimizing performance and expanding its operations.