Hive Digital Technologies executive Frank Holmes talks profitability post Bitcoin halving

Company Performance - In May 2024, the company mined 119 Bitcoin, resulting in a 3% increase in total Bitcoin holdings to 2,451 BTC [1][6]. - The company's HODL position is valued at nearly $170 million, emphasizing its commitment to environmentally sustainable practices in mining [2]. Strategic Focus - The company has acquired advanced Bitmain S21 Pro Antminers to enhance its mining capabilities [4]. - Continuous reinvestment in technology is critical, with an additional $4 million allocated for acquiring more efficient energy machines [7]. Market Context - The Bitcoin halving event has reduced the daily Bitcoin mined from 900 to 450, which could imply a potential revenue decline of 50%, yet the company remains profitable [6]. - The company has a proactive approach to crises, viewing them as opportunities, and has successfully turned a profit through its mining operations [5]. Technological Adaptation - The company emphasizes the importance of upgrading equipment to keep pace with rapid technological advancements, adopting a two-year cycle for depreciation [8].