HIVE produced 213.8 BTC in December 2022

HIVE Blockchain produced 213.8 Bitcoin (BTC), earned $3.15 cardinal successful summation to the produced BTC, and installed 1,423 of its BuzzMiner BTC miners successful December 2022, according to the company’s update.

HIVE’s Executive Chairman, Frank Holmes, commented connected the company’s accumulation successful December and said:

“We are precise blessed to beryllium producing implicit 213 Bitcoin this month, portion besides earning implicit USD $3 cardinal this period from our grid balancing and vigor merchantability initiatives.”

The update disclosed that 212 BTC was produced from HIVE’s ASIC mining operations, portion an further 1.4 BTC was mined by its GPUs passim the month. The numbers bespeak an mean of 113.2 BTC per Exahash and an mean of 6.9 BTC accumulation per day.

During the 12 months of 2022, HIVE mined 3,146 BTC and 1,606 BTC worthy of different integer assets, calculated by the BTC terms connected Jan. 9, which lingers astir $17,251. This fig indicates an 18% year-over-year summation successful integer assets mined by HIVE. The institution had mined 4.032 BTC worthy of integer assets successful 2021.

HIVE Miners

According to the announcement, HIVE took vantage of the falling prices of mining instrumentality and acquired 3,570 Bitmain S19j Pro rigs successful December 2022. The caller rigs arrived successful the past week of December, and the institution installed astir 2,050 of them. The remaining rigs are estimated to beryllium installed by Jan. 13.

In summation to purchasing caller mining rigs, HIVE besides deployed its ain ASIC BTC miner strategy called HIVE BuzzMiner. The BuzzMiners are developed successful concern with Intel Blocksale, with a full accumulation quantity of 5,800. Of this, HIVE received and installed 1,423 caller BuzzMiners successful December 2022. The announcement declared that these caller rigs would regenerate HIVE’s older ASIC and GPU systems successful the adjacent future.

The station HIVE produced 213.8 BTC successful December 2022 appeared archetypal connected CryptoSlate.