Hive Blockchain Produces 389 Bitcoin Equivalent In November

Hive Blockchain (TSXV: HIVE) this morning was one of the several crypto mining firms that released November 2021 production data. The firm managed to mine 218 bitcoin during the month of November, along with 2,334 ethereum.

While production for the month was said to be strong, figures were down from the firms best-ever month of October 2021, when they produced 234 bitcoin and 2,591 ethereum. The shortfall was a result of network mining difficulty increases, with the bitcoin network seeing difficulty increase 5%, while ethereum increased as much as 8%, thereby lowering monthly production figures.

Further, while production may have been down, on a revenue basis, results were up. The company indicated it generated US$13.2 million in bitcoin mining revenue, along with US$10.4 million in ethereum mining revenue, bringing the monthly total to US$23.6 million. Comparatively, October saw a figure of US$23.4 million in mining revenue.

Finally, the firm indicated it produced a total of 389 bitcoin equivalent during the month, as compared to 405 bitcoin equivalent in October.

Hive Blockchain last traded at $4.38 on the TSX Venture.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

Bitfarms To Acquire 48,000 New Miners, Massively Expanding Capacity

It appears that Bitfarms (TSXV: BITF) has had enough when it comes to measuring up...

Tuesday, March 2, 2021, 08:12:57 AM

Hive Blockchain Expects Increased Bitcoin Mining, Slower Ether Production For Fiscal Q3

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) shared today its preliminary and unaudited production results for...

Wednesday, December 22, 2021, 11:29:00 AM

Frank Holmes: The Rising Tide Of Commodities – The Daily Dive

For this weeks final episode of The Daily Dive, we’re joined by Frank Holmes, CEO...

Friday, January 29, 2021, 02:35:37 PM

Hive Blockchain Records US$37.2 Million In Revenue For Fiscal Q1 2022

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today its financial results for the fiscal Q1...

Monday, October 4, 2021, 09:22:00 AM

Ethereum Smart Contracts Are The Internet Of The Blockchain – The Daily Dive

Joining us on the Daily Dive today is frequent guest Frank Holmes, the Executive Chairman...

Thursday, October 21, 2021, 01:30:00 PM