HIVE - Bitcoin Mining Stock Hive Digital Is Rising Monday: What's Going On? | Benzinga
HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares are trading higher. The company on Monday announced Bitcoin (CRYPTO: BTC) production numbers for May.
What Happened: In May, Hive Digital said it mined 119 bitcoin, bringing its total bitcoin holdings up to 2,451. The company maintained average mining capacity of 4.9 EH/s during the month and ended the period with 5 EH/s of mining capacity. Hive Digital mined an average of 3.8 bitcoin per day last month.
Hive Digital noted that its bitcoin position has increased to 2,468 as of June 9, giving it a total holdings value of more than $170 million. ...