Canada-based cryptocurrency miner Hive Blockchain (HIVE) announced on Monday that it holds all the Bitcoins it mined in 2021, while holding some of its altcoin projects, Ethereum (ETH) and all of Ethereum Classic (ETC). He said he sold it. Kriptokoin.com We provide the details…
Hive Blockchain disclosed Bitcoin and altcoin data
Cryptocurrency mining company based in Vancouver, British Columbia, last the year it produced 1,768 Bitcoins, mined 41,966 ETH, the native token of Ethereum; He said he sold some of them for chip upgrades. Hive Blockchain also generated 46,209 ETC. During 2021, he sold all the coins he mined.
The mining company combined both Bitcoin and Ethereum production throughout the year, producing 3,222 coins, which it calls “Bitcoin equivalent cryptocurrencies”. This data equates to approximately $211 million when viewed using the market prices of $43,000 per Bitcoin and $3,400 for ETH. “The company believes the unique position of having a large Bitcoin and Ethereum mining footprint offers investors a unique value proposition,” Hive chairman and COO Aydın Kılıç said in a statement.
Hive’s monthly Bitcoin production increased by 12 percent despite network difficulty increasing by as much as 10 percent, with 245 more BTC mined in December than in November, the company said. Meanwhile, the company said ETH production fell nearly 7 percent from November to 2,178, and network difficulty for ETH increased by about 2 percent in December.
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