Hive shares have gained 132% year to date.
The company expects the miners to increase its hashing capacity to 8.0 exahashes from its present 1.0 EH once all are operational.
Miner monthly revenue increased 21% from January.
More and more people are turning to crypto mining to heat their homes and businesses – and earn a profit.
The average bitcoin transaction fee is $23. Luckily, there are ways to cut costs.
While these moves seem opportunistic at first glance, some of the companies are well-positioned to get involved in bitcoin mining.
The crypto mining company said the news marks an upgrade from its previous presence on the middle-tier OTCQB Venture Market.
The company plans to expand U.S. mining with Compute North, Core Scientific and others, per a release.
The proceeds will be used primarily for research, development, production and sale of equipment and expanding its mining business through the establishment and operation of crypto mining farms.
The new venture is expected to increase revenue and "optimize" its product offering structure.
A rare winter storm in Texas has knocked out most of the bitcoin mining facilities in the Lone Star State.
Canaan shares have gained 230% so far in February.
Luxor Technologies will use the funds to expand its hashrate and hire more engineers.
Last week's mining revenue eclipsed the previous record set in mid December 2017.
Bitcoin miners earn windfall income amid the price rally.