Hive Blockchain Held Onto All the Bitcoin It Mined in 2021, While Selling Some Ether

Canada-based crypto miner Hive Blockchain (HIVE) held onto each of the bitcoins it mined successful 2021, portion selling immoderate of the ether and each of the Ethereum Classic (ETC) it produced, the institution said connected Monday.

• The Vancouver, British Columbia, based crypto miner said it produced 1,768 bitcoins past year, portion mining 41,966 ether, the autochthonal token of Ethereum, a information of which were sold to wage for spot upgrades. The miner besides produced 46,209 ETC, each of which it sold successful 2021.

• In full for the year, the miner produced 3,222 of what it calls “bitcoin-equivalent crypto currencies,” combining its accumulation of some bitcoin and ether. This output was worthy astir $221 cardinal utilizing marketplace prices of $43,000 per bitcoin and $3,400 for ether.

• “The Company believes its unsocial presumption of having a ample Bitcoin and Ethereum mining footprint provides investors with a unsocial worth proposition,” said Aydin Kilic, President & COO of Hive, successful a statement.

• Hive’s monthly bitcoin accumulation roseate astir 12% for December month-over-month to 245 arsenic it expanded its hashing power, adjacent arsenic web trouble roseate arsenic overmuch arsenic 10%, the institution said.

• Meanwhile, the miner said its ether output fell astir 7% from November to 2,178, with the web trouble for ether rising astir 2% successful December.