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Be the first with the news that moves the market- HIVE’s (HIVE) cryptocurrency production for November 2021 continues its record-setting pace
- The company mined 218 BTC at 1.31 Exahash throughout last month, which produced US$13.2M in revenue
- It also mined 2,334 ETH at 4.36 Terahash, which produced US$10.4M in revenue
- The numbers keep it on track for a record C$350M in annual revenue on a run-rate basis
- HIVE Blockchain is a growth-oriented technology company in the emergent blockchain industry
- HIVE (HIVE) Stock is down by 0.22 per cent and is currently trading at $4.37 per share
HIVE’s (HIVE) cryptocurrency production for November 2021 continues its record-setting pace.
Following a record Q2 2022, the company mined 218 BTC at 1.31 Exahash throughout last month, which produced US$13.2M in revenue.
It also mined 2,334 ETH at 4.36 Terahash producing US$10.4M in revenue.
Total revenue for the month stands at US$23.6M from 389 BTC Equivalent produced at an average of 13 per day.
The decrease in BTC and ETH production compared to last month is due to difficulty increases on both blockchains of 5 and 8 per cent, respectively.
The company’s BTC HODL balance is 1,584 Bitcoin as of today.
Frank Holmes, HIVE’s Executive Chairman, stated,
“We are very pleased to report HIVE has continued its strong momentum following our record-breaking October production figures; this trend is continued in our November production where HIVE is again generating over US$280M in annual revenue on a run-rate basis using November figures, or approximately C$350M.”
HIVE Blockchain is a growth-oriented technology company in the emergent blockchain industry.
HIVE (HIVE) is down by 0.22 per cent and is currently trading at $4.37 per share as of 9:34 am EST.
