HIVE Blockchain is ready to increase its knowledge heart campus in New Brunswick, Canada with 40 megawatts capability. It’s the first publicly-traded cryptocurrency miner, itemizing in Toronto on the Enterprise Change again in 2017 and added to NASDAQ in 2021. It mines each Bitcoin and Ethereum utilizing 100% inexperienced vitality in amenities throughout Canada, Sweden, and Iceland.
HIVE Blockchain to Increase Information Heart in New Brunswick, Canada
HIVE Blockchain Technologies (NASDAQ: HIVE, TSX.V: HIVE) will quickly start testing a brand new high-performance computing cloud internet hosting operation. On the firm’s largest knowledge heart campus in New Brunswick, Canada, the place it owns the land, the staff is presently constructing expansions from the ground-up (“greenfield expansions”), which is able to present it with 40 megawatts of knowledge heart capability.
HIVE presently operates 5 knowledge heart campuses, the place they’re mining each Bitcoin and Ethereum. HIVE’s knowledge facilities have already got entry to roughly 50 megawatts of energy, putting it among the many largest and most diversified of any publicly-listed cryptocurrency miner. These amenities are positioned in Canada, Sweden, and Iceland, international locations that provide a profitable mixture of cool climates and politically secure jurisdictions. Moreover, these areas provide distinctive entry to considerable inexperienced vitality, so all the HIVE knowledge facilities are powered by clear, low-cost hydroelectric or geothermal energy.
Proudly owning the amenities the place they’re working knowledge facilities is vital to HIVE’s long-term technique. For one factor, they don’t have to fret about any landlords elevating the lease at these amenities. And as you’ll be able to see they’ll select areas with entry to among the least expensive, greenest, and cleanest energy on the planet. Proudly owning knowledge facilities additionally offers the corporate higher flexibility in a couple of methods. For instance, if there’s one other “crypto winter”, the corporate might provide internet hosting providers whereas nonetheless mining crypto with its personal machines, and holding as most of the cash mined as attainable till the costs rise once more.
A Bridge Between Digital Foreign money and the Inventory Markets
HIVE is a growth-oriented expertise inventory within the company blockchain business. As an organization whose shares commerce on a serious inventory trade, they’re constructing a bridge between the digital foreign money and blockchain sector and conventional capital markets.
For the reason that starting of 2021, HIVE has held in safe storage the vast majority of its ETH and BTC coin mining rewards. Its shares thus present traders with publicity to the working margins of digital foreign money mining, in addition to a portfolio of cryptocurrencies resembling ETH and BTC, in a method that they’re accustomed to and that complies with laws.
As a result of HIVE additionally owns exhausting property resembling knowledge facilities and superior multi-use servers, the shares provide traders a diversified and sturdy option to acquire publicity to the cryptocurrency area. That is in all probability why HIVE traded over 2 billion shares in 2020 alone.
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