HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) today announced the production figures from its global Bitcoin and Ethereum mining operations for the month of August 2022, with a HODL balance of 3,258 Bitcoin and 5,100 Ethereum as of Aug. 31, 2022. “We continue to strive for operational excellence, ensuring that as we scale our hashrate as a company we also optimize our uptime, to ensure ideal Bitcoin and Ethereum output figures,” said Aydin Kilic, president and COO of HIVE. “We also would like to provide an update on the BTC and ETH equivalency, where one can equate value of the coins produced daily. As such the ETH that HIVE produced during the month of August, equated on a daily basis, is approximately equal to a monthly total of 228.4 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 290.4 BTC produced from our Bitcoin mining operations during August, for a total of 518.8 Bitcoin equivalent.”
In addition, HIVE announced its appointment of Gabriel Ibghy as general counsel. Ibghy, a practicing attorney who holds a law degree from the University of Montreal and is member in good standing of the Quebec Bar, will report to Frank Holmes, who serves as the company’s executive chairman. “Gabe has been a synergetic addition to the HIVE team over the past year since coming over from GPU.One. His addition to HIVE as general counsel is a great addition to the executive team of HIVE moving forward,” Holmes said of the appointment.
To view the full press release, visit https://ccw.fm/jt11z
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 endeavors to source only green energy to mine on the cloud both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Its shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, the company believes 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 millions of social media 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 844-397-5787 (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
CryptoCurrencyWire is part of the InvestorBrandNetwork