Bitcoin mining group HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) Ltd has released its unaudited production figures for February, showing a 10% growth in its bitcoin holdings to 2,131 BTC at the month's end.
HIVE mined 200 bitcoin in February, demonstrating 60.5 BTC per exahash with a consistent average hashrate of 4.06 EH/s.
On average, the company produced 6.9 BTC per day.
HIVE concluded the month with a 4.2 EH/s ASIC mining capacity, marking a 9% increase from January.
As of 4 March, the HODL position further increased to 2,159 bitcoin, reflecting the company's strategic anticipation of heightened bitcoin demand and price volatility ahead of the upcoming Halving event.
"Our HODL strategy is to have a healthy balance sheet similar to what we had for the last Halving event in 2020," said Frank Holmes, HIVE’s executive chairman
Aydin Kilic, president and chief executive, highlighted the company's technological stability with the integration of Bitmain S21 Antminers into its mining fleet.
"These advanced machines not only bolster our mining efficiency but also provide sustainable stability by significantly reducing the cost of Bitcoin production," Kilic stated.