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Bitcoin Mining Stock Hive Digital Is Rising Monday: What's Going On? - HIVE Digital Technologies (NASDAQ:HIVE)

Bitcoin Mining Stock Hive Digital Is Rising Monday: What's Going On? - HIVE Digital Technologies (NASDAQ:HIVE)
HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares are trading higher.

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HIVE Digital Technologies Ltd has seen an increase in its shares as the company announced its Bitcoin production numbers for May. The company mined 119 bitcoin last month, bringing its total bitcoin holdings up to 2,451. Despite macroeconomic challenges, the company's executive chairman, Frank Holmes, expressed confidence in HIVE's resilience and positive operating income. Additionally, the company provided an operational update, noting the installation of 6,495 out of 8,165 S21 Antminers it ordered. HIVE Digital also announced the upcoming acquisition of 1,000 Bitmain S21 Pro Antminers. As a result of these developments, HIVE Digital shares were up 4.82% at $2.93 at the time of publication.

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