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HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) president and CEO
Initially established as the first publicly traded crypto mining company in 2017, HIVE began by mining Ethereum in
Kilic also discussed the operational differences between the company's rugged crypto mining facilities and its refined, high-performance tier-three data centers, located strategically to leverage green energy sources like hydropower and geothermal energy. These centers are distinct in their operations, focusing either on AI computing or Bitcoin mining, each with substantial revenue potential. Moreover, Hive manages to keep a balanced approach by maintaining efficiency in Bitcoin operations, leveraging market cycles to optimize investment and profit from fluctuations in Bitcoin prices.
Kilic highlighted the company’s financial health, noting its significant Bitcoin treasury and minimal debt, providing stability amidst market volatility.
Looking ahead, Hive aims to expand its AI revenue significantly, with ambitious targets set for the upcoming quarters, further solidifying its dual approach to leveraging both AI and Bitcoin mining for growth and investor value.
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