CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) Issues November 2022 Production Update
Dec 9, 2022
HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) today announced production figures from the company’s global bitcoin operations for the month of November 2022. Among the highlights, HIVE reportedly produced 264 bitcoin in the month of November, from ASIC and GPU mining operations, with a monthly average hashrate of 2.51 exahash, representing an average of 105 bitcoin per exahash. “In November, we continued to face several external macro forces, which increased market turbulence due to the contagion concerns caused by the FTX implosion, rising interest rates and pronouncements by various governments on energy concerns,” said Darcy Daubaras, CFO of HIVE. “In response, we took a conservative strategy with our balance sheet and strengthened our liquidity position by selling some bitcoin. We do not control these volatile external risks, but we can control how we adapt. We also began improving the efficiency of our mining fleet with new and more energy efficient equipment purchases, which will provide more room for profitability, countering the effects of rising energy costs, rising global bitcoin mining difficulty since September and bitcoin prices that have remained low.”
To view the full press release, visit https://ccw.fm/wnkUG
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies 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, it is 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 it endeavours to source only 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. The company’s shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies, primarily BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, it believe its shares offer investors an attractive way to gain exposure to the cryptocurrency space. For more information and to register to HIVE’s mailing list, please visit www.HIVEBlockchain.com.
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)
CryptoCurrency News Wire is where News, content and information converge via Crypto.
For more information, please visit https://www.cryptocurrencywire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.cryptocurrencywire.com
212.994.9818 Office
[email protected]
CryptoCurrencyWire is part of the InvestorBrandNetwork
More News
Jennifer Lopez to Release New Single ‘Proof of Love’: ‘It’s a Happy Dance Song’ That Also Addresses ‘Pain and Grief When Someone’s Gone’ (EXCLUSIVE)
Jennifer Lopez is getting close to releasing new music. The multi-hyphenate tells Variety she was inspired to write and record again when her kids, twins Max and Emme Muniz with ex-husband Mark Anthony, left for college. “They take up such a big part of your brain for so long, and when they’re gone, which is […]
Alan Jackson’s Farewell Concert Sets December Release on NBC
Country star Alan Jackson’s farewell concert, “Alan Jackson: The Last Show,” will air on NBC on Dec. 8. The event, which celebrates Jackson’s career and memorializes his final concert performance, will be available to stream the next day on Peacock. The special, which was tapped on June 29 during Jackson’s sold-out final concert at Nashville’s […]
‘Alan Jackson: The Last Show’ Special Set At NBC
NBC will celebrate Alan Jackson’s long career and final concert performance in upcoming special Alan Jackson: The Last Show. The two-hour special will air on NBC December 8 at 8 pm ET/PT and will stream next day on Peacock. Filmed before a sold-out crowd at Nashville’s Nissan Stadium in June, the special will honor Jackson’s […]
Russell Brand tells court allegations had devastating impact on him
The entertainer begins giving evidence at his trial on charges including rape at Southwark Crown Court.
Russell Brand Tells Court Consent ‘Is More Important Than Sex’
The popular YouTuber is giving evidence in a London trial in which he has pleaded not guilty to seven charges of rape, sexual assault or attempted indecent assault.
Anyone Born After 1972 Will STRUGGLE To Identify More Than 5 Of These 19 Classic TV Sitcoms
Even if you grew up watching Nick at Nite, you might find some of these tricky. View Entire Post ›
Kristen Brancaccio To Direct Microdrama & Feature Adaptations Of Claren Hammond’s Short Story ‘Summer Session’
EXCLUSIVE: Clarence Hammond’s romantic short story Summer Session is in development as a microdrama and a feature film. Microdrama veteran Kristen Brancaccio will direct both versions, and will develop the story in vertical format, with Hammond adapting the script for the feature. Plot details are under wraps for the moment. Hammond will produce alongside Ancora […]
Russell Brand Takes the Stand in Rape Trial and Reveals No One Agreed to Testify on His Behalf: ‘My Entire Life Has Been Consumed by These Allegations’
Russell Brand took the stand in his criminal trial in London on Wednesday, denying all accusations against him and revealing that he was not able to convince anyone to testify on his behalf. He was called by his lawyer, Ian Winter KC, as the first witness as his defense began to lay out its case, […]
‘One Cut of the Dead’ Director Ueda Shinichiro on Turning a Microdrama Into Tokyo Feature ‘Earthlings in Love’
Director Ueda Shinichiro made a name for himself with filmmaking that has embraced self-reflexivity: the beloved cult zombie film “One Cut of the Dead” was continually transforming, from a single-take horror-comedy into a meditation on the act of filmmaking and then the chaos of actually being on set. His new feature “Earthlings in Love,” showing […]
Russell Brand Forcefully Denies Charges As He Gives Evidence During Rape Trial: “Consent Is More Important Than Sex Itself”
Russell Brand has claimed that “consent is more important than sex itself” as he forcefully denied the rape charges against him during a trial in London. Taking to the witness stand at Southwark Crown Court on Wednesday morning, the Forgetting Sarah Marshall star said his “entire life has been consumed by these allegations” since UK […]
Amazon MGM Studios Japan ‘Doubling’ Investment to Meet Global Standards, Local Chief Buddy Marini Reveals at Tokyo Market
Amazon MGM Studios Japan is doubling its investment to bring its content up to global standards, studio head Buddy Marini said Wednesday at a Tokyo International Film Festival TIFFCOM market session on unlocking the global potential of Japanese IP. The session, organized by the Motion Picture Association (MPA) and UniJapan, also featured Credeus CEO Matsuhashi […]
Banijay Rights Names CFO As John Wagener Exits After 20 Years
The final piece of the Banijay Rights jigsaw is in place with John Richards named CFO of the combined sales operation. With that, John Wagener, All3Media International’s long-serving CFO and COO, is exiting after two decades with All3Media International. Richards will oversee finance for the combined Banijay Rights-All3Media International sales outfit, which now has a […]
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.