Stocks in Play: HIVE Blockchain Technologies Ltd. - InvestingChannel

Stocks in Play: HIVE Blockchain Technologies Ltd.

Friday, July 2, 2021

10:49 AM EST – HIVE Blockchain Technologies Ltd. : Announced its long-term high performance computing strategy beyond Ethereum 2.0. HIVE’s current Ethereum production is over 3,000 Gigahash per second and has the potential to almost double after card upgrades of over 5,500 GH/s by the end of December 2021, and our current Bitcoin production is 544 Petahash per second, which we expect to double by early September 2021 to 1.0 Exahash per second and double again by Christmas 2021 to 2.3 EH/s. Based on current ETH and BTC prices and difficulty in mining our revenue could be $30 million U.S. per month when we have all our machines installed and mining. HIVE Blockchain Technologies Ltd (V.HIVE) shares were up $0.12 at 3.66.

Stocks in Play: HIVE Blockchain Technologies Ltd., Fri, 02 Jul 2021 10:57:06 EST