{"id":88033,"date":"2023-12-08T15:28:55","date_gmt":"2023-12-08T13:28:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88033"},"modified":"2025-09-13T15:30:50","modified_gmt":"2025-09-13T12:30:50","slug":"hive-says-bitcoin-miners-have-paid-for-themselves","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hive-says-bitcoin-miners-have-paid-for-themselves\/","title":{"rendered":"HIVE says Bitcoin miners have paid for themselves"},"content":{"rendered":"<p>The mining rigs for Bitcoin purchased a year ago have fully paid for themselves when taking electricity costs into account, according to HIVE Digital Technologies.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">???????? ???? ?????????? ??????<\/p>\n<p>? 276.3 Bitcoin produced from ASIC and GPU mining operations, representing an average of 66.7 Bitcoin Per Exahash<br \/>? Produced an average of 9.2 BTC per day<br \/>? Ended the month with 4.18 EH\/s of mining capacity,\u2026 <a href=\"https:\/\/t.co\/4pWYah2NfD\">pic.twitter.com\/4pWYah2NfD<\/a><\/p>\n<p>\u2014 HIVE Digital Technologies (@HIVEDigitalTech) <a href=\"https:\/\/twitter.com\/HIVEDigitalTech\/status\/1732777383256608876?ref_src=twsrc%5Etfw\">December 7, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In December 2022 the company bought about 29,000 ASIC miners with a total hash rate of 3.35 EH\/s.<\/p>\n<p>According to the statement, against the bear market that followed the <a href=\"https:\/\/forklog.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">collapse of FTX<\/a>, the company took advantage of the opportunity to acquire Antminer S19j Pro rigs from Bitmain at an attractive price. The miners with energy efficiency around 26 J\/TH cost HIVE $13.7 per TH\/s on immediate-delivery terms.<\/p>\n<p>According to Hashrate Index, current market quotes for such equipment stand at $10.66 per TH\/s, and devices with energy consumption below 25 J\/TH at $13.26.<\/p>\n<p>In October, <a href=\"https:\/\/forklog.com\/en\/news\/iris-energy-to-spend-19-6-million-on-purchase-of-7000-bitcoin-miners\">Iris Energy<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/cleanspark-to-buy-antminer-s21-bitcoin-mining-rigs-totaling-4-4-eh-s\">CleanSpark<\/a> signed with Bitmain contracts to purchase the recently introduced <a href=\"https:\/\/forklog.com\/en\/news\/bitmain-to-release-antminer-s21-with-energy-efficiency-below-20-j-th\">Antminer S21<\/a>. The equipment price for the companies was about ~$14 per TH\/s, but they will begin receiving units with the claimed efficiency of 17.5 J\/TH in the first half of 2024.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abAll Bitcoin miners are striving to use the most energy-efficient ASIC chips, and we are pleased that we were able to upgrade our global fleet during the downturn in the cryptocurrency market\u00bb, \u2014 according to a statement by HIVE.<\/p>\n<\/blockquote>\n<p>The company also reported the purchase of an operating data centre with a 6 MW capacity in Boden, Sweden. It is expected that the facility located next to the firm&#8217;s existing mining operation will add about 0.25 EH\/s to the company&#8217;s hash rate. As of the end of November, it stood at 4.14 EH\/s, including the GPU fleet.<\/p>\n<p>In November last year, HIVE <a href=\"https:\/\/forklog.com\/en\/news\/hive-blockchain-begins-deploying-intel-chip-bitcoin-miners\">began receiving<\/a> Bitcoin mining installations based on <a href=\"https:\/\/forklog.com\/en\/news\/intel-unveils-new-bitcoin-mining-chip\">Intel ASIC chip<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining rigs for Bitcoin purchased a year ago have fully paid for themselves when taking electricity costs into account, according to HIVE Digital Technologies.<\/p>\n","protected":false},"author":1,"featured_media":88034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1106],"class_list":["post-88033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-hive"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88033"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88033\/revisions"}],"predecessor-version":[{"id":88035,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88033\/revisions\/88035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88034"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}