Bitcoin (BTC) miner Hive Digital Technologies says the move to acquire a fleet of Bitmain mining rigs last year has already paid for itself, due in large part to a significant increase in the price of Bitcoin. 

In a Dec. 8 statement, Hive Digital wrote that it had been acquiring mining rigs since the collapse of FTX, a decision it believes will put it in a favorable position for the upcoming Bitcoin halving, currently slated for April 2024.

276.3 Bitcoin produced from ASIC and GPU mining operations, representing an average of 66.7 Bitcoin Per ExahashProduced an average of 9.2 BTC per dayEnded the month with 4.18 EH/s of mining capacity,… pic.twitter.com/4pWYah2NfD

— HIVE Digital… Read more on Cointelegraph