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RETRANSMISSION: HIVE Blockchain Provides April 2023 Production Update with 9% Increase in Month Over Month Hashrate
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2023) - HIVE Blockchain Technologies Ltd. (...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"RETRANSMISSION: HIVE Blockchain Provides April 2023 Production Update with 9% Increase in Month Over Month HashrateVancouver, British Columbia--(Newsfile Corp. - May 4, 2023) - HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBFA) (the \"Company\" or \"HIVE\") is pleased to announce the production figures from the Company's global Bitcoin operations for the month of April 2023, with 273 Bitcoin produced in April, and a current BTC HODL balance of approximately 2,284 (as of May 1, 2023). (all amounts in US dollars, unless otherwise indicated).Summary Overview:HIVE produced 273 Bitcoin in the month of April, from ASIC and GPU mining operations, representing an average of 81 Bitcoin Per Exahash, with an average hashrate of 3.38 Exahash per second (\"EH/s\") for the month of April 2023, a 9% month over month increase in average hashrate;HIVE produced an average of 9.1 BTC per day in April 2023;HIVE has manufactured, tested, received and installed 5,750 BuzzMiners in its data centers, all of which are operating as of today;HIVE ended the month with 3.38 EH/s of mining capacity, including ASIC and GPU BTC hashrate;HIVE sold all of the Bitcoin earned from our GPU mining hashrate payouts.April 2023 Production FiguresFrank Holmes, Executive Chairman of HIVE stated, \"We are very happy to be producing 273 Bitcoin while difficulty has reached an all-time high. Additionally, our monthly HPC income has increased by 24% month over month, from March to April.\"Aydin Kilic, President & CEO of HIVE noted, \"We are continuing to optimize our ASIC operations, by managing the efficiency of our machines to operate for best profit on a $/MWHR basis, this may involve down-clocking the firmware for some miners in our fleet to obtain a better J/TH efficiency figure, and thus a better $/MWHR profit figure. We strive to optimize for profitable mining, where the analytics of the HIVE technical team provide a competitive edge in our approach to digital asset mining. Additionally, for the month of April our GPU fleet was generating approximately $109/MWHR in revenue, which is higher than many ASICs on the Bitcoin network were earning in April. Code-based optimizations are just one tool we use to optimize our gross mining margins and deliver value for shareholders.\"The Company's total Bitcoin production in April 2023 was:273 BTC produ...