Oh darling, grab your popcorn because HIVE Digital Technologies (HIVE) just had a Friday glow-up that would make even the Kardashians jealous! 🌟 Thanks to Bitcoin‘s latest *I’m the king of the world!* moment, HIVE has soared—like, 6.5% to $2.47 a share. That’s a market cap of around $530 million. And yes, it’s up over 21% this month. Not too shabby for a bunch of blockchain nerds, huh?
So, what’s driving this rollercoaster? Well, HIVE just hit the jackpot, boasting over 12 exahashes per second (yes, I said exahashes, not to be confused with your ex who ghosted you). That’s doubled output since January! 📈 They’re raking in over $250 million annually and are eyeing that dreamy $400 million once they scale up to 18 EH/s. It’s like being at a buffet and realizing you can fit in just one… more… plate.
As if that’s not enough, CEO Aydin Kilic revealed they’re mining more than 6 BTC daily with a cozy margin of roughly 55%. Who doesn’t love a bit of cushion, right?
Did I mention HIVE is among the top 20 public Bitcoin holders with 2,201 BTC? So basically, they’re that friend who always has the best snacks at a party!
Average Bitcoin Mining Costs Rise 😬
But hold your horses! 🐴 The Bitcoin mining ride isn’t all rainbows and butterflies. Since the latest halving—when miners’ block rewards were slashed in half—things have gotten a bit rough. Think of it like not getting your latte fixed during your morning commute; it’s just painful in the budget department. 🤑
Some miners, not wanting to be left behind in this digital gold rush, have decided to spice things up by hopping onto the AI and high-performance computing bandwagon. 👩💻 Core Scientific, for instance, avoided financial disaster partly by becoming an AI whiz. They’re now snuggly acquired by CoreWeave in a $9 billion gig. Talk about a glow-up!
And guess what? HIVE was like, “Let’s be cool too!” and repurposed GPUs for AI workloads, boosting their revenue like it’s diet soda at a calorie-laden barbecue. The secret sauce? Nvidia’s new H100 chips—game-changers, people!
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2025-07-11 18:31