Dear Viewers Dear Hive Writers and Hive Gamers and Hive Photographers Recipe Makers etc. I would like to mention the report that finance yahoo.com has done. It clearly shows how much Hive has been updated and improved. Hive is working by comparing BTC to Ethereum a lot.
#Newsfile Corp.
October 12, 2022, 11:00 am.
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated September 2, 2022 to its amended and restated short form base shelf prospectus dated January 4, 2022.
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.
https://peakd.com/hive-148441/@doze/hive-coins.saurce
Summary Overview:
- HIVE has been pivoting its business, as well as its digital asset treasury, into a central focus on Bitcoin and Bitcoin mining.
- HIVE's Bitcoin ASIC hashrate has grown over 200% since July 2021 from 700 Petahash to 2.3 Exahash today.
- HIVE has over 1 Exahash of Bitcoin ASIC projected growth in the next 3-4 months with scheduled deliveries.
- Historically, HIVE's Ethereum GPU mining was generating 3x to 4x more revenue per MW of capacity than ASIC Bitcoin mining.
- Since the Merge, HIVE revenues from its GPU mining were dramatically reduced (for illustrative purposes using ETH/USD values, from nearly 7 Bitcoin per day down to 1.6 Bitcoin per day.
- HIVE plans on making up this revenue starting with its upcoming deployments of incoming ASIC mining equipment, which in the short term are expected to produce upwards of an additional 4 Bitcoin per day from the 1.2 Exahash of scheduled deliveries. Thus, at current difficulty levels, HIVE expects to produce upwards of 14 Bitcoin per day once all scheduled ASIC deliveries are deployed alongside current production.
September 2022 Production Figures HIVE is pleased to announce its September 2022 production figures and mining capacity:
- 268.9 Bitcoin Produced from ASIC mining operations;
- 2.28 Exahash of Bitcoin mining capacity at the end of September, with an average hashrate of 2.21 Exahash of Bitcoin mining capacity during the month from ASIC mining operations, with an average of 121.7 Bitcoin per Exahash;
- 1,394 ETH Produced[1];
- 6.59 Terahash average of Ethereum mining capacity during September, while Ethereum mining was active. As a result of the ETH proof-of-stake merge on September 15 (hereafter the "Merge"), HIVE's GPU hashrate was shifted to proof-of-work ("POW") mineable coins, which has been set up to pay out in Bitcoin (HIVE does not receive or take custody of alt coins through this process); and
- An additional 15.8 Bitcoin were mined by our GPUs from September 16th until September 30th.
@doze/hive-coins saurce
Frank Holmes, Executive Chairman of HIVE, stated, "Using our returns on invested capital from the Ethereum mining business, which had higher gross mining margins than the Bitcoin mining business, HIVE expanded our Bitcoin mining ASIC hashrate and daily production, thus allowing us to grow our Bitcoin HODL to over 3,300 BTC. The Company has sold substantively all of its Ethereum. In September we produced an average of 13.2 Bitcoin Equivalent[2] per day, comprised of approximately 9.0 BTC per day and GPU production of approximately 4.2 Bitcoin per day."
Mr. Holmes further stated, "I am tremendously pleased with HIVE's pivot from being one of the largest Ethereum miners to now becoming a first-class Bitcoin miner, consistently ranking with the highest Bitcoin per Exahash monthly production figures amongst our peers. HIVE has successfully used its Ethereum operations to fund and help build out our company's global Bitcoin mining operations. Our plans are to continue expanding our sustainable green energy Bitcoin mining and seek out new growth opportunities throughout this bear cycle. Furthermore, I am very pleased with HIVE's growth of Bitcoin ASIC hashrate over the last year."
Over the years, HIVE has been pivoting its business, as well as its digital asset treasury, into a central focus on Bitcoin and Bitcoin mining. In April 2020, HIVE acquired the Lachute facility in Quebec, Canada and commenced its operations with access to 30MW of sustainable power. HIVE continued its growth in Canada with the completion of another acquisition in April 2021 of a 30MW site in New Brunswick, which was expanded to 50MW of operating capacity in December 2021 and is now further expanded into 70MW of operating capacity. Both these sites mine Bitcoin exclusively using ASICs. As a result of these acquisitions and expansions to the Bitcoin mining business, HIVE's ASIC hashrate has grown over 200% since July 2021, at which time the Company's hashrate was approximately 700 PH/s, and today it is 2.3 Exahash. HIVE is further projected to grow our ASIC hashrate by over 1 Exahash with incoming deliveries of contracted ASICs in the next 3-4 months. In calendar Q1 2023, HIVE expects its Bitcoin ASIC hashrate to be upwards of 3.4 Exahash.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we endeavour to source green energy to mine digital assets such as Bitcoin on the cloud. Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of ETH and BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of Bitcoin. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.
We encourage you to visit HIVE's YouTube channel here to learn more about HIVE.
For more information and to register to HIVE's mailing list, please visit
www.HIVEblockchain.com.
@HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
"Frank Holmes"
Executive Chairman
For further information please contact:
Frank Holmes
Tel: (604) 664-1078
Source: https://btc.com/stats/diff and https://etherscan.io/chart/difficulty and https://finance.yahoo.com/amphtml/news/hive-blockchain-provides-corporate-post-050000696.html 
I have organised the posted using #LeoFinance Community.