HIVE Blockchain Pronounces Set up of Subsequent Technology Miners at Inexperienced Vitality-Powered Quebec Bitcoin Mining Facility

HIVE Blockchain Applied sciences Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) reported it has put into operation its not too long ago acquired 1,090 Bitmain Antminer T17+ 58 Terahash per second (TH/s) SHA 256 mining machines at its inexperienced energy-powered bitcoin mining operation in Quebec.

“Mixed with the not too long ago put in 750 Bitmain Antminer S17+ 73 TH/s machines operational at its Quebec facility, HIVE’s combination working hash fee from this subsequent technology mining gear is roughly 118 PH/s and is estimated to be working at a gross mining margin above 40%. These current investments are amongst a number of steps the Firm is enterprise to maximise the capability and effectivity of its 30-megawatt (MW) facility.”

HIVE then reported that in preparation for the halving of Bitcoin block rewards for miners, which occurred in mid-Could, it acquired in April a Bitcoin mining operation in Quebec with entry to low value, renewable electrical energy, 30 MW of HVAC and electrical infrastructure that’s distinctive to cryptocurrency mining, triple redundancy programs for energy and web connectivity and operational employees. HIVE added:

“HIVE has subsequently been investing in subsequent technology mining gear that may present constructive gross mining margins put up the current halving of Bitcoin rewards; the following halving is scheduled to happen in 4 years.”