HIVE Blockchain reviews 262.0 BTC produced in October 2022

The cryptocurrency mining firm HIVE Blockchain Applied sciences (NASDAQ:HIVE) reported 262.0 bitcoin (BTC-USD) have been produced from ASIC mining operations in October 2022 (in comparison with 268.9 produced in September 2022).

The corporate achieved 2.38 exahash of bitcoin mining capability on the finish of the month, with a median hashrate of two.28 exahash of bitcoin mining capability through the month from ASIC mining operations.

Whole bitcoin equal manufacturing in Oct stood at 307.0 (in comparison with 396.3 BTC equal produced in Sep).

A further 45 Bitcoin have been mined by our GPUs in October.

HIVE produced a median of 9.9 bitcoin equal per day, 2.77 Exahash of BTC Hashrate as of Oct 31, comprised of two.38 Exahash of Bitcoin ASIC hashrate and 0.39 Exahash of Bitcoin GPU hashrate, with a month-to-month common of two.67 Exahash, which is the same as 115 Bitcoin per Exahash.

As of Nov 05, 2022, the corporate had BTC HODL stability of three,311 Bitcoin, with a market worth of over $70 million.

The Bitcoin community problem noticed a complete 17% enhance through the month of October.

Accordingly, Bitcoin mining problem had elevated substantively for the month of October relative to the month of September.

Present bitcoin manufacturing: As of November 2, HIVE is producing a median of over 9.5 Bitcoin per day from ASIC and GPU manufacturing, comprised of over 8 Bitcoin per day from our ASIC fleet and over 1 Bitcoin per day from our GPU fleet. It has acquired 140 PH/s of MicroBT M30S++ miners, which is able to assist enhance HIVE’s ASIC hashrate to roughly 2.44 Exahash through the month of November as soon as put in.

Along with the GPU based mostly mining which supplies an equal 0.39 Exahash of Bitcoin hashrate, HIVE’s anticipated whole Bitcoin hashrate from ASICs and GPUs might be over 2.7 Exahash by the tip of November.