Jul 8, 01:48 PM

HIVE Digital's BTC Reserves Surge 2.5% to 2,503 BTC in June, Stock Up 9.5%

HIVE Digital, a Canadian Bitcoin mining company, has reported a significant increase in its Bitcoin reserves, now holding 2,503 BTC, a 2.5% increase from the previous month. The company mined 119 BTC in June, matching its output from May, despite Bitcoin's price drop below $56,000. This increase in reserves has positively impacted HIVE Digital's stock, which surged by 9.5%. CEO Aydin Kilic noted the company's resilience amid market downturns. Meanwhile, the overall cryptocurrency market experienced an 8% decline in June, with the total market cap falling to around $2.25 trillion. However, U.S.-listed Bitcoin miners saw a 19% increase in market cap, driven by AI-related power use cases, exemplified by Core Scientific's significant deal with CoreWeave. The remaining batch of Bitmain...

#HIVE Digital #Canadian Bitcoin #Bitcoin #Aydin Kilic #Core Scientific #CoreWeave #Bitmain

Written with ChatGPT (GPT-4o).

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HIVE Digital's BTC Reserves Surge 2.5% to 2,503 BTC in June, Stock Up 9.5%

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