HIVE Digital To Boost Bitcoin Mining with Canaan’s High-End Miners

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HIVE Digital To Boost Bitcoin Mining with Canaan’s High-End Miners

CoinMarketCap11-12

HIVE Digital is developing its game in the Bitcoin mining sector using a dual strategy. The global crypto miner leader has recently secured a major deal with Canaan Creative Global (CCG), the ...

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The global crypto miner leader has recently secured a major deal with Canaan Creative Global  (CCG), the ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67325eacd43dd7217d9e7cd4/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HIVE Digital To Boost Bitcoin Mining with Canaan’s High-End Miners</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHIVE Digital To Boost Bitcoin Mining with Canaan’s High-End Miners\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 03:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/67325eacd43dd7217d9e7cd4/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HIVE Digital is developing its game in the Bitcoin mining sector using a dual strategy. The global crypto miner leader has recently secured a major deal with Canaan Creative Global  (CCG), the ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67325eacd43dd7217d9e7cd4/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCG","symbol_name":"车车科技","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/67325eacd43dd7217d9e7cd4/","article_id":"2482571607","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/3af6e442faae40d396879d1b9691c41f.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482571607","pubTimestamp":1731354282,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"HIVE Digital is developing its game in the Bitcoin mining sector using a dual strategy. The global crypto miner leader has recently secured a major deal with Canaan Creative Global , the Singapore-based subsidiary.Under the new agreement, CCG will supply HIVE with 6,500 Avalon A1566 miners. This move marks a pivotal shift in HIVE’s plans to strengthen its Bitcoin mining capabilities and create a more efficient, eco-friendly infrastructure.The machines will be delivered in stages over the next few months, allowing HIVE to boost its mining capabilities gradually. This addition aims to strengthen HIVE’s position in the Bitcoin industry and ensure it has advanced technology that improves both performance and reliability. This step is apart of HIVE’s broader strategy to enhance efficiency and expand its operations.The strategic deal has sent positive signals to investors. Canaan’s NASDAQ-listed stock saw a 38% increase, reaching $1.74 per share. Despite being down 80% since its public listi","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CCG":"车车科技","BK4173":"保险经纪商","CAN":"嘉楠科技","BK4170":"电脑硬件、储存设备及电脑周边","HIVE":"Hive Blockchain","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4588":"碎股","BK4526":"热门中概股","BK4595":"比特币概念","BK4023":"应用软件"},"translate_title":"HIVE Digital将与嘉楠耘智高端矿商共同推动比特币采矿业发展","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAN":1,"CCG":1,"HIVE":1},"content_text":"HIVE Digital is developing its game in the Bitcoin mining sector using a dual strategy. The global crypto miner leader has recently secured a major deal with Canaan Creative Global  (CCG), the Singapore-based subsidiary. \nUnder the new agreement, CCG will supply HIVE with 6,500 Avalon A1566 miners. This move marks a pivotal shift in HIVE’s plans to strengthen its Bitcoin mining capabilities and create a more efficient, eco-friendly infrastructure. \nHIVE’s Big Bet on New Bitcoin Mining Hardware\nHIVE Digital has committed to integrating 6,500 Avalon A1566 miners into its operations in a major leap forward. These miners, each capable of producing 185 terahashes per second (TH/s), will greatly increase the company’s Bitcoin mining power. \nThe machines will be delivered in stages over the next few months, allowing HIVE to boost its mining capabilities gradually. This addition aims to strengthen HIVE’s position in the Bitcoin industry and ensure it has advanced technology that improves both performance and reliability. This step is apart of HIVE’s broader strategy to enhance efficiency and expand its operations.\nWhile upgrading its hardware, HIVE is simultaneously investing in a long-term strategy to ensure its operations remain sustainable. The company is building a 100 MW mining facility in Paraguay, which is projected to be fully operational by Q3 2025. \nThis facility will be powered by green energy, capitalizing on Paraguay’s low-cost hydroelectric power. Also, it targets a hashrate of 12.5 EH/s, an effort to strengthen HIVE’s Bitcoin mining efforts.\nHIVE’s Strategic Growth: A Focus on Efficiency and Expansion\nExecutive Chairman Frank Holmes stated that HIVE Digital’s growth strategy is operational efficiency and innovation. He emphasized that disciplined capital management allows HIVE to make smart moves. \nThis includes upgrading its Application-Specific Integrated Circuit (ASIC) technology while still holding onto significant Bitcoin reserves. This approach allows the company to position itself as a profitable business and a proxy for Bitcoin investment.\nThe Paraguayan project is particularly significant as it will enhance HIVE’s scalability. It aims to give the company the ability to grow its hashrate efficiently while minimizing its carbon footprint. By prioritizing green energy, HIVE seeks to lead the way in a market increasingly valuing sustainability and profitability.\nCanaan and HIVE Stocks See Positive Movement\nFounded in 2013, Canaan pioneered ASIC technology in the crypto-mining sector. Its latest model, the Avalon Miner A1566, offers enhanced reliability and performance, reinforcing HIVE’s mining infrastructure.\nThe strategic deal has sent positive signals to investors. Canaan’s NASDAQ-listed stock saw a 38% increase, reaching $1.74 per share. Despite being down 80% since its public listing in 2019, Canaan’s market cap remains solid at $499 million. Meanwhile, HIVE Digital’s stock rose by 17%, trading at $5.44, signaling strong market confidence in the company’s prospects. \nThe post HIVE Digital To Boost Bitcoin Mining with Canaan’s High-End Miners appeared first on TheCoinrise.com.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}