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Seeking Alpha 2023-01-09 09:45:57

HIVE Blockchain reports 213.8 BTC produced in December 2022

Cryptocurrency mining company HIVE Blockchain Technologies ( NASDAQ: HIVE ) reported 213.8 bitcoin ( BTC-USD ) were produced from ASIC and GPU mining operations in December 2022 ( compared to 264 produced in November 2022 ). The company achieved 2.06 exahash of bitcoin mining capacity at the end of the month, with an average hashrate of 1.89 exahash of bitcoin mining capacity during the month from ASIC mining operations, representing an average of 113.2 Bitcoin Per Exahash. An additional 1.4 Bitcoin were mined by its GPUs in December. HIVE has received 3,570 Bitmain S19j Pro miners, and 1,879 of the HIVE BuzzMiners. Additionally, 987 HIVE BuzzMiners were shipped to Sweden, and are expected to arrive on or around January 15. Total production allocation of the HIVE BuzzMiner for 2022 is 5,800 units which are all expected to be delivered by the end of January 2023. HIVE produced an average of 6.9 bitcoin equivalent per day. As of today's date, HIVE maintains in its treasury 2,348 Bitcoin, with a market value of over $38M. The Bitcoin network difficulty ended the month about 4.5% lower than the beginning of the month.

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