NASDAQ-Listed HIVE Blockchain to Expand Data Center in New Brunswick, Canada With 40 Megawatts Capacity – Sponsored Bitcoin Newson October 12, 2021 at 9:24 pm

HIVE Blockchain is about to broaden its information middle campus in New Brunswick, Canada with 40 megawatts capability. It’s the first publicly-traded cryptocurrency miner, itemizing in Toronto on the Enterprise Trade again in 2017 and added to NASDAQ in 2021. It mines each Bitcoin and Ethereum utilizing 100% inexperienced vitality in amenities throughout Canada, Sweden, and Iceland.

HIVE Blockchain to Increase Information Heart in New Brunswick, Canada

HIVE Blockchain Applied sciences (NASDAQ: HIVE, TSX.V: HIVE) will quickly start testing a brand new high-performance computing cloud internet hosting operation. On the firm’s largest information middle campus in New Brunswick, Canada, the place it owns the land, the staff is at present constructing expansions from the ground-up (“greenfield expansions”), which can present it with 40 megawatts of knowledge middle capability.

Development on the New Brunswick Construct-Out

HIVE at present operates 5 information middle campuses, the place they’re mining each Bitcoin and Ethereum. HIVE’s information facilities have already got entry to roughly 50 megawatts of energy, putting it among the many largest and most diversified of any publicly-listed cryptocurrency miner. These amenities are positioned in Canada, Sweden, and Iceland, international locations that supply a successful mixture of cool climates and politically secure jurisdictions. Moreover, these places supply distinctive entry to plentiful inexperienced vitality, so the entire HIVE information facilities are powered by clear, low-cost hydroelectric or geothermal energy.

Proudly owning the amenities the place they’re working information facilities is essential to HIVE’s long-term technique. For one factor, they don’t have to fret about any landlords elevating the hire at these amenities. And as you possibly can see they will select places with entry to a number of the most cost-effective, greenest, and cleanest energy on this planet. Proudly owning information facilities additionally offers the corporate better flexibility in just a few methods. For instance, if there’s one other “crypto winter”, the corporate might supply internet hosting providers whereas nonetheless mining crypto with its personal machines, and holding as most of the cash mined as potential till the costs rise once more.

A Bridge Between Digital Foreign money and the Inventory Markets

HIVE is a growth-oriented know-how inventory within the company blockchain trade. As an organization whose shares commerce on a serious inventory trade, they’re constructing a bridge between the digital forex and blockchain sector and conventional capital markets.

Because the starting of 2021, HIVE has held in safe storage nearly all of its ETH and BTC coin mining rewards. Its shares thus present traders with publicity to the working margins of digital forex mining, in addition to a portfolio of cryptocurrencies comparable to ETH and BTC, in a approach that they’re conversant in and that complies with rules.

Mining Machines at HIVE Blockchain Information Heart in New Brunswick, Canada

As a result of HIVE additionally owns exhausting property comparable to information facilities and superior multi-use servers, the shares supply traders a diversified and strong solution to achieve publicity to the cryptocurrency area. That is in all probability why HIVE traded over 2 billion shares in 2020 alone.

To study extra about HIVE Blockchain take a look at the corporate’s web site and comply with the staff on YouTube, Twitter, Instagram or Fb.

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The post NASDAQ-Listed HIVE Blockchain to Expand Data Center in New Brunswick, Canada With 40 Megawatts Capacity – Sponsored Bitcoin News appeared first on Binance.

sponsored HIVE Blockchain is about to broaden its information middle campus in New Brunswick, Canada with 40 megawatts capability. It’s the first publicly-traded cryptocurrency miner, itemizing in Toronto on the Enterprise Trade again in 2017 and added to NASDAQ in 2021. It mines each Bitcoin and Ethereum utilizing 100% inexperienced vitality in amenities throughout Canada,
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