- HIVE Blockchain Technologies (NASDAQ:HIVE) reported $13.2M in November bitcoin mining revenue, 218 BTC produced and 2,334 ETH produced (equal in value to 171 BTC); it shows BTC HODL position of 1,584 coins as of today.
- The company's total Bitcoin equivalent production stood at 389 BTC Equivalent Produced and 13 BTC Equivalent per day average produced.
- The Bitcoin network difficulty increased as much as 5% and similarly the Ethereum network difficulty increased approximately 8% during the month of November. These increases in difficulty are factors in the decrease in BTC and ETH produced in November compared to the previous month.
- "We are very pleased to report HIVE has continued its strong momentum following our record-breaking October production figures; this trend is continued in our November production where HIVE is again generating over $280M USD in annual revenue on a run-rate basis using November figures, or approximately $350M CAD," Executive Chairman Frank Holmes commented.
- Shares are up 1.17% PM.