HIVE
Blockchain Technologies Ltd. (NASDAQ: HIVE), the Canadian publicly-listed
crypto mining company, has announced its unaudited production figures for
October 2023, showcasing a significant achievement in its Bitcoin mining
operations. The company, which went public on the TSX Venture Exchange in 2017,
has focused on sustainable green energy mining across its data centers in
Canada, Sweden, and Iceland.
In the
month of October, HIVE Digital produced 265.9 Bitcoin , averaging 67.5 Bitcoin
per Exahash, which translated to a modest decline compared to September’s
result of 269.5 Bitcoin. The company’s average mining capacity stood at 3.94 exahash
per second (EH/s), with a month-end peak of 3.97 EH/s. This growth was possible
due to the optimization of the company’s mining fleet within the existing
infrastructure and its strategic approach to acquisitions in the market.
“We
are very pleased to have reached 4.0 Exahash this month from ASIC mining
operations as we continue to optimize our fleet, within existing infrastructure,”
Aydin Kilic, the President & CEO of HIVE, stated. “In addition, a
portion of our GPUs are still mining alt-coins with which we are paid in
Bitcoin. The equivalent Bitcoin hash rate from our GPUs in the month of October
was 130 PH/s.”
HIVE’s
production update reveals a detailed breakdown of Bitcoin mined from ASICs and
GPUs, with a slight month-over-month increase in ASIC…
