HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) chief financial officer Darcy Daubaras takes Proactive's Stephen Gunnion through the company’s latest achievements and strategic plans.
Daubaras highlighted a 2% increase in their Bitcoin holdings, with 116 BTC produced in July. He emphasized the importance of maintaining high mining efficiency, even amid rising electricity costs and the impact of the Bitcoin halving event.
“Our team is very happy about what we’ve achieved,” Daubaras stated. He detailed how HIVE is managing its exahash rate and electricity costs, particularly in their facilities in Sweden and Canada.
Daubaras also discussed the company's future plans, including upgrading older machines to enhance efficiency and exploring new opportunities to expand its global footprint.
One significant expansion is the planned development in Paraguay, which will add 100MW to its current capacity. Daubaras expressed optimism about completing this project within 9 to 12 months, ensuring it aligns with HIVE’s commitment to green energy.