The BTC block reward miner hive digital (TSXV) has shifted its operation from Canada to the United States, hoping to enable a business environment under the Donald Trump administration.
Hive announced on December 31 that it will relocate from Vancouver, Canada to San Antonio, Texas, and will take advantage of the opportunity to provide the US market. Texas has become a US mining hub with friends of HIVE, including Mala Holdings (NASDAQ: Mara), Riot Platforms (Nasdaq: Riot), Bitdeer (NASDAQ: BTDR), and Cipher Mining (Nasdaq: CIFR). 。 Ercott, Texas grid operator, paid to make a transaction with a minor and pay to turn off the rig during the peak demand, but the members are trying to end these transactions.
The Trump election was a major factor in the hive decision, and the mineral revealed. The Republican presidential election promised to reversing the “anti -crypto” policy during his campaign and making the United States a mineral capital. He is also appointed digital currency leader in several important positions, but some have a complex relationship with a company intended to be the police.
“President Trump has implemented a policy for the United States to secure the cheapest energy, promote innovation, and create a regulatory environment that supports cryptocurrency operation under his leadership. He said that it would be a safer and more attractive place for Bitcoin minor.
HIVE also believes that the operation from the United States will provide more deeply and more robust capital markets.
“The depth and width of the US capital market is unmatched and the key to growth strategy. The US market has a $ 40 trillion capitalization and a daily transaction of $ 500 billion. We will provide HIVE with the mobility, visibility, and evaluation opportunities that need to be expanded, “commented the CEO Frank Holmes.
The company will also transition to the US GAAP (US GAAP), which has been commonly accepted since the first quarter of next year to respond to US investors. We believe that this is the same as CFO DARCY DAUBARAS with the company’s “strategic goals of operational efficiency, sustainability, and expansion of the market.” These movements are positioned for our financial transparency and for long -term success in the global market. “
Apart from that, HIVE announced that it will increase the operation hash rate by almost 50 % from 4.08 exahash (EH/s) per second to 6 EH/s. This milestone has been achieved by switching to the unlocked efficiency by switching to Canaan Inc. Avalon Miners. In addition, Sweden power was procured for 2 cents per kilowatt hour. In an interview, Holmes revealed that it had done this by concluding a long -term contract when the power price fell in the hot summer season.
Following the announcement, HIVE shares rose 9 % on Thursday, overturned a three -week downtrend, almost 25 % down from mining workers, despite the wider market bullrally.
The block reward mining spent the year of the Ichimatsu pattern in 2024, and other people, such as the casting factory, such as compass mining and Mara’s expansion strategy, fired staff. In terms of regulations, some states in the United States have promoted effective regulations for mining workers, but in other places, authorities have tightened the energy attack sector and accused the shortage of power.
MINER BitfuFu Inks handles 80,000 miners Bitmain
In more mining news, Singapore’s bitfufu (NASDAQ) has signed a contract with the Chinese mining hardware giant bit main to buy the latest mining machine.
BitfuFu announced on Thursday that it will acquire 80,000 BTC minors including S21 Pro and S21 XP models, the most efficient machine of Bitmain. The two companies agree to the flexible two -year payment plan, and BitfuFu can offset some of the payments with stock options.
“The new mining workers are used to strengthen both self -recruitment and cloud mining services, and provide very highly cost -effective energy -efficient solutions. Based on operational demand, in the future. With the flexibility of procuring equipment in two years, the contract will further strengthen the position as the industry leader, “commented CEO Leo Lu.
Following the announcement, the company’s shares increased by 13 % on Thursday after reaching the monthly low in late December.
Bitfufu and bitmain have been linked for years, and four years ago, Chinese companies are in Bitfufu’s first investor. The minor is doing cloud mining with themselves and claims that there are nearly 500,000 investors in cloud services. It operates farms in more than 12 countries, and most of the businesses are conducted in the United States.
Bitfufu mining work is all hosted by third parties. However, in October, the Ethiopia 80 Megawatts facilities were acquired to establish the first physical operation.
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