HIVE Blockchain Provides a Corporate Update Post Ethereum Merge, September 2022 Production Update
Retrieved on:
Wednesday, October 12, 2022
Cloud, FSE, Efficiency, ESG, NASDAQ, EDA, Merge, Treasury, Legislation, Follow, GPU, Nasdaq, Statistics, News, YouTube, Attention, LLC, Twitter, Investment, Executive, ETH, Software, Company, Application-specific integrated circuit, Industry, MW, TSX Venture Exchange, HIVE, MITR ATM Sharing Network, Intel, Time, National instrument, POW, Growth, Miner, Income, Merge in transit, Lachute, BTC, Technology, Life (video games), Goal, Ecosystem, Intention, Apache Hive, Mining, Element, ASIC, COO, Acquisition, Graphics processing unit, Face, COVID-19, USD, Cryptocurrency, Amusement arcade, Ethereum, Bitcoin, Nvidia
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2022) - HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBFA) (the "Company" or "HIVE") is pleased to provide a corporate post Ethereum Merge update, and announce the production figures from the Company's global Bitcoin and Ethereum mining operations for the month of September 2022, with a BTC HODL balance of 3,350 Bitcoin and 356 Ethereum as of September 30, 2022.
Key Points:
- Vancouver, British Columbia--(Newsfile Corp. - October 12, 2022) - HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBFA) (the "Company" or "HIVE") is pleased to provide a corporate post Ethereum Merge update, and announce the production figures from the Company's global Bitcoin and Ethereum mining operations for the month of September 2022, with a BTC HODL balance of 3,350 Bitcoin and 356 Ethereum as of September 30, 2022.
- HIVE has successfully used its Ethereum operations to fund and help build out our company's global Bitcoin mining operations.
- As of October 11, HIVE is producing an average of over 10 Bitcoin per day from ASIC and GPU production.
- The revenue the Company generates from mining Ethereum is calculated by multiplying the quantity of Ethereum Mined times the price of Ethereum.