HIVE Experiences a Soar in BTC Manufacturing throughout November 2021

HIVE Blockchain Applied sciences in the present day printed its manufacturing figures for November 2021. The crypto mining agency produced 218 BTC within the final month. HIVE additionally generated Bitcoin mining revenues value $13.2 million within the latest interval.

HIVE highlighted its Bitcoin mining capability within the newest announcement. With a BTC mining capability of 1.31 ExaHash, HIVE is among the largest BTC mining corporations. So far as Ethereum is anxious, the mining agency produced a complete of two,334 ETH in November. When it comes to ETH mining income, the quantity touched $10.4 million final month.

HIVE reported the ETH mining capability of 4.36 TeraHash. In complete, the mining firm noticed complete income of $23.6 million. “We’re very happy to report HIVE has continued its sturdy momentum following our record-breaking October manufacturing figures; this development is sustained in our November manufacturing the place HIVE is once more producing over $280M USD in annual income on a run-rate foundation utilizing November figures, or roughly $350M CAD,” Frank Holmes, Govt Chairman of HIVE, stated.

In its latest quarterly report, HIVE noticed a considerable bounce in revenues and manufacturing. In October this yr, the corporate additionally introduced an funding in Community Leisure.

BTC and ETH Mining

Aydin Kilic, President & COO of HIVE, outlined the connection between BTC and ETH mining and talked about that the corporate has enhanced its mining capability considerably in 2021. “We want the investing public and crypto lovers to know the monetary relationship between BTC and ETH mining. For instance, within the month of November, 1,000 GH/s of ETH mining was equal if measured in every day income from the worth of cash produced to roughly 228 PH/s of Bitcoin mining. The Firm believes its distinctive place of getting a big Bitcoin and Ethereum mining footprint supplies buyers a singular worth proposition,” Kilic stated.

Earlier this yr, Diana Biggs joined the Board of Administrators of HIVE Blockchain Switzerland AG.

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