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Seeking Alpha 2022-07-07 09:39:35

HIVE Blockchain reports 278.5 BTC produced in June 2022

HIVE Blockchain Technologies (NASDAQ:HIVE) reported global Bitcoin and Ethereum mining operations for June 2022, with a BTC HODL balance of 3,239 Bitcoin and 7,667 Ethereum as of July 6, 2022.The company produced 278.5 BTC (compared to 273.4 BTC in May 2022) with 2.17 Exahash of Bitcoin mining capacity during the month of June, and 2.0 Exahash at the end of June.Total bitcoin equivalent production in June 2022 stood at 420.8 BTC equivalent produced, 14.0 BTC Equivalent produced per day on average, 3.2 Exahash of BTC Equivalent Hashrate.Meanwhile, the Ethereum mining capacity at the start of June stood at 6.26 which decreased to 6.0 Terahash of Ethereum mining capacity at the end of the month.Bitcoin mining hash power grew by 8% this month, through installations and electrical upgrades."In June we produced an average of 14.0 Bitcoin Equivalent per day, comprised of approximately 9.0 BTC per day and our Ethereum production. We are pleased to note that as of today, we are producing approximately 9.4 BTC a day in addition to approximately 90 Ethereum per day," Executive Chairman Frank Holmes commented.Shares are up 2.17% after-hours.

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