Seeking Alpha
2022-10-12 09:55:49

HIVE Blockchain reports 268.9 BTC produced in September

HIVE Blockchain Technologies (NASDAQ:HIVE) shares gained around 5% during extended trading after the cryptocurrency mining company reported 268.9 bitcoin (BTC-USD) were produced from ASIC mining operations in September 2022 (compared to 290.4 produced in August 2022).The company achieved 2.28 exahash of bitcoin mining capacity at the end of the month, with an average hashrate of 2.21 exahash of bitcoin mining capacity during the month from ASIC mining operations.Total bitcoin equivalent production in Sep stood at 396.3 (compared to 518.8 BTC equivalent produced in Aug).HIVE produced an average of 13.2 bitcoin equivalent per day, comprised of ~9.0 BTC per day and GPU production of ~4.2 Bitcoin per day.Furthermore, a total of 1,394 ETH were produced in the month (compared to 3,010 ETH produced in Aug), with 6.59 terahash average of Ethereum mining capacity during the month.As of Sep 30, 2022, the company had BTC HODL balance of 3,350 Bitcoin and 356 Ethereum.Current bitcoin production: As of October 11, HIVE is producing an average of over 10 bitcoin (BTC-USD) per day from ASIC and GPU production. It is expected to receive ~140 PH/s of new generation MicroBT ASICs, primarily M30S++ models in the coming month which will help increase its ASIC hashrate to ~2.44 exahash during October once installed.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.