Canadian blockchain miner HIVE Blockchain (NASDAQ:HIVE) produced 264 Bitcoin (BTC-USD) in November from ASIC and GPU mining operations, down from 307 BTC in October. The company continued to face challenges in November due to the contagion concerns from the implosion of digital-asset exchange FTX, rising interest rates, and the energy crisis. HIVE produced 224.7 Bitcoin from its ASIC mining operations, while the GPU fleet produced 39.3 Bitcoin. The miner’s monthly average hashrate (measures the computational power of a blockchain network) came in at 2.51 Exahash. Following the Ethereum Merge, the absence of Ethereum mining has significantly impacted HIVE.
