Today news
About the same in other media
Hive Blockchain on track to mine more Bitcoin, less Ether this quarter
Reading now: 409
Publicly traded crypto mining firm Hive Blockchain is expecting to produce 6,900 Ether (ETH) and 670 Bitcoin (BTC) for the fiscal quarter ending on Dec. 31, marking a respective drop and increase over that of the previous quarter.
In a Wednesday notice to shareholders, Hive said it had mined 6,280 Ether from Oct. 1 to Dec. 21, and was on track to mine more than 65 ETH daily for the remainder of 2021. This projected total — 6,900 ETH — would represent a decrease of more than 20% from the 8,688 ETH the company mined from July 1 to Sept. 30. However, Hive is expecting its Bitcoin production to increase by 2% quarterly, from roughly 656 BTC to 670 BTC.
“This increase [in Bitcoin] has been driven by the previously announced investments that have
Read more on cointelegraph.comAbout this in other media
Crypto broker Bitcoin Suisse snaps up Barclays exec for CEO role fnlondon.com /2 years ago
Bitcoin slumps alongside ether on Fed’s plans to raise interest rates fnlondon.com /2 years ago
Bitcoin slumps alongside ether on Fed’s plans to raise interest rates fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
