According to a report by Cointelegraph, Canadian Bitcoin mining company Hive Digital Technologies has significantly reduced its Bitcoin (BTC) holdings.

The company's holdings, which stood at 481 BTC at the end of last year, decreased to 150 BTC as of the latest quarter, showing a total reduction of 331 BTC.

This monetization of Bitcoin is interpreted as a strategic choice in response to the recent increase in mining difficulty and rising power costs. It appears that Hive Digital sold its held assets to secure the funds necessary for infrastructure expansion and the purchase of AI (Artificial Intelligence) GPU chipsets.