Bitcoin

HIVE Digital Technologies, a key player in the cryptocurrency mining sector, has reported a notable increase in its Bitcoin (BTC) mining output. In November, the <a href="https://ultramining.com/news/en/terawulf-soars-to-record-revenue-with-330-btc-mined-in-july-2023/">company mined</a> 276.3 BTC, marking a 5.4% rise from October's 265.9 BTC, according to <a href="https://www.financemagnates.com/cryptocurrency/hive-digital-technologies-ramps-up-bitcoin-mining-hits-2763-btc-in-november/?utm_source=CryptoNews&amp;utm_medium=app">Financemagnates</a>. 
Alongside its mining success, HIVE announced the acquisition of a Swedish data center, further expanding its operational capacity. This new facility, acquired from Turis AB, includes a 6-megawatt data center and is expected to add 250 petahashes per second to HIVE’s Bitcoin mining <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">hashrate</a> capacity. The acquisition, costing $750,000, is part of HIVE's strategic expansion into regions with access to renewable hydroelectric power. 
Additionally, HIVE's strategic shift towards high-performance computing (HPC) and artificial intelligence (AI) is a significant development. This rebranding reflects the company's adaptation to the evolving tech landscape, moving beyond its foundational focus on cryptocurrency. HIVE aims to maximize the potential of its Supermicro servers to tap into the burgeoning AI and HPC sectors. 
This move not only diversifies HIVE's portfolio but also positions the company at the forefront of the intersection between cryptocurrency technology and the rapidly growing field of AI.&nbsp;

HIVE Digital Technologies Advances in Bitcoin Mining and AI

Ultramining_Eng

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