Blockchain News

HIVE Blockchain Declares Openly Inauguration of Following Generation Miners at Green Energy-Powered Quebec Bitcoin Mining Facility

(TSX.V: HIVE) (OTCQX: HVBTF) documented it has settled into the undertaking and newly attained 1,090 Bitmain Antminer T17+ 58 terahash per second (TH/s) SHA 256 mining machines at its green energy powered bitcoin mining undertaking in Quebec

“Combined with the recently installed 750 Bitmain Antminer S17+ 73 TH/s machines operational at its Quebec facility, HIVE’s aggregate operating hash rate from this next-generation mining equipment is approximately 118 PH/s and is estimated to be operating at a gross mining margin above 40%. These recent investments are among several steps the Company is undertaking to maximize the capacity and efficiency of its 30-megawatt (MW) facility.”

HIVE, documented that in rehearsal for the halving of Bitcoin block dividends for miners, aroused in mid-May, it developed in April a Bitcoin mining undertaking in Quebec with a permit to low cost, renewable electricity, 30 MW of HVAC and electrical infrastructure being an extraordinary to cryptocurrency mining, triple redundancy systems for ability and internet connectivity and functioning staff. HIVE added:

“HIVE has subsequently been investing in next-generation mining equipment that can provide positive gross mining margins post the recent halving of Bitcoin rewards; the next halving is scheduled to occur in four years.”

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