HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) is pleased to share an update on its expansion strategy leading up to the Bitcoin halving in April 2024. Executive Chairman Frank Holmes said, “When the 2020 halving happened, it caused significant disruptions in the industry. HIVE seized the opportunity by acquiring large Bitcoin mining operations at significant discounts, and if similar conditions arise, the company will be ready.”
A great example of HIVE’s strategic acquisitions is the Lachute, Quebec Bitcoin mining facility. The property is located in a cool climate with plentiful and low-cost renewable energy, and since its acquisition, HIVE has continually upgraded the mining hardware and expanded the facility.
Rami Janashvili, a former Israeli military parachutist, built Lachute from the ground up in 2016, growing the facility
