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Market Cap:
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TipRanks
2022-10-12 11:56:35

HIVE Up After Mining Update

HIVE Up After Mining Update

Shares of Hive Blockchain Technologies (NASDAQ: HIVE) were up in pre-market trading on Wednesday as the cryptocurrency mining company announced its production figures from the mining of Bitcoin and Ethereum operations for the month of September. At the end of September, HIVE had a BTC HODL (to buy-and-hold indefinitely) balance of 3,350 Bitcoin (BTC-USD), and 356 Ethereum (ETH-USD). The company stated that since the ethereum merge, HIVE's revenues from its Graphics Processing Units (GPU) mining were reduced from around 7 Bitcoin per day down to 1.6 Bitcoin per day.

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