Hive Digital, a Nasdaq-listed Canadian mining company, has announced that it will be selling 6,500 Canaan Ethereum units, which will be shipped in stages starting in December this year and running through March 2025.
I bought an Avalon A1566 Application Specific Integrated Circuit (ASIC).
Digital received its first 500 new ASICs in the second week of November, followed by 202
The four shipments are scheduled to be completed by Q1 205. This will increase Hive Digital's hash rate to the current 5.6 EH/s (exahash per second).
The capacity is expected to increase from 1000 to 6 EH/s by March 2025. After the ASIC shipment is complete, 30 megawatts (MW) of mining capacity is expected to be operational in Paraguay.
By the end of Q2 2025, Hive Digital’s hashrate is expected to scale to 8EH/s. New ASIC equipment will increase Hive Digital’s efficiency by 22.3% from its current level.
Canaan Chairman and CEO Nangeng Zhao said, "We expect to increase our investment from 1.5 J/TH to 20.5 J/TH."
"Hive has achieved the highest bitcoin production in the industry by maximizing the utilization rate of its mining sites," Zhang said.
"Hive is a valued partner, particularly with its commitment to business transparency and focus on ESG principles," Canaan said in a statement.
Hive Digital announced that it had sold its A1566I immersion-cooled miners to another mining company, CleanSpark.
Once complete, the Guay facility will have a capacity of 100 MW, giving Hive Digital a hashrate of 12.5 EH/s and a capital efficiency of 17.6
It is expected to improve to J/TH.
2024/11/12 16:33 KST
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