HIVE Blockchain is ready to broaden its knowledge middle campus in New Brunswick, Canada with 40 megawatts capability. It’s the first publicly-traded cryptocurrency miner, itemizing in Toronto on the Enterprise Alternate again in 2017 and added to NASDAQ in 2021. It mines each Bitcoin and Ethereum utilizing 100% inexperienced power in amenities throughout Canada, Sweden, and Iceland.
HIVE Blockchain to Increase Information Heart in New Brunswick, Canada
HIVE Blockchain Applied sciences (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 middle campus in New Brunswick, Canada, the place it owns the land, the workforce is at present constructing expansions from the ground-up (“greenfield expansions”), which is able to present it with 40 megawatts of information middle capability.
HIVE at present operates 5 knowledge middle 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 situated in Canada, Sweden, and Iceland, international locations that supply a profitable mixture of cool climates and politically secure jurisdictions. Moreover, these places provide distinctive entry to considerable inexperienced power, 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 possibly can see they will select places with entry to a few of the most cost-effective, greenest, and cleanest energy on the planet. Proudly owning knowledge facilities additionally provides the corporate higher flexibility in just a few methods. For instance, if there’s one other “crypto winter”, the corporate may provide internet hosting providers whereas nonetheless mining crypto with its personal machines, and holding as most of the cash mined as potential till the costs rise once more.
A Bridge Between Digital Forex and the Inventory Markets
HIVE is a growth-oriented know-how 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.
Because the starting of 2021, HIVE has held in safe storage nearly all of its ETH and BTC coin mining rewards. Its shares thus present buyers with publicity to the working margins of digital foreign money mining, in addition to a portfolio of cryptocurrencies comparable to ETH and BTC, in a method that they’re accustomed to and that complies with laws.
As a result of HIVE additionally owns laborious property comparable to knowledge facilities and superior multi-use servers, the shares provide buyers a diversified and sturdy technique to acquire publicity to the cryptocurrency area. That is most likely why HIVE traded over 2 billion shares in 2020 alone.
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