Hive mining company intends to increase its performance before 6 EH/s – Bits Media

HIVE mining company, that it plans to achieve production capacity in 4 EH/S by the end of this year, and then increase it to 6 EH/s. It is almost twice as much, than the current power of the company.

Hive was explained, that the company plans to achieve this goal, Using The new batch of the next generation ASIC and dispersing the already working park, which consists of 4 769 S19J Pro+ and Pro installations, 1 100 S19 XP и 5 000 BuzzMiner Plus.

Besides, The company is going to issue shares in the amount $100 million, to attract additional funds. It was also announced, that the new vice-president of operations will be Luke Rossi (Luke Rossy), who previously held the position of senior developer and operating manager.

In September last year, Hive began testing its equipment for the extraction of various coins - the company was looking for a replacement of the ether, It will be impossible to extract which after the transition to POS. Also last year was reported, What kind of May 2022 year Hive increased the overall hashrate of her equipment on 8%.