Hive Blockchain - an emerging crypto company!
7/20/2022, 03:03 PM
HIVE Blockchain Technologies is the first publicly traded crypto miner, listing on the Toronto Venture Exchange in 2017, under the ticker symbol HIVE. The company uses 100% green energy to mine both Bitcoin and Ethereum, with a committed ESG strategy since day one. HIVE strives to create long-term shareholder value with its unique HODL strategy, bridging the blockchain and cryptocurrencies to traditional capital markets.
The company had a banner year in its last fiscal year ended March 31, with US$211 million in revenue, the highest in its history. Despite the bear market, the company posted healthy profits of US$79 million. The year was capped off with a 545% increase in Bitcoin mining hashrate.
In the 2021/22 fiscal year, the company was able to increase its revenue by 212% compared to the previous year. HIVE Blockchain Technologies has made great strides in one key area of cryptocurrency mining - increasing its hashrate. This very positive result is all the more impressive as HIVE Blockchain Technologies financed the expansion of its facilities in New Brunswick last year.
Despite the high costs associated with this expansion, the company was still able to increase both its revenue and net income per share. This was made possible by the company increasing its hashrate from about 310 PH/s of Bitcoin mining and 2,700 GH/s of ETH mining to a milestone hashrate of two exahashes or 2,000 PH/s and about 6,100 GH/s of ETH mining by March 31, 2022. This represents a phenomenal 545% increase in BTC hashrate and a 225% increase in ETH hashrate.
Accordingly, Frank Holmes, Executive Chairman of HIVE Blockchain Technologies, is pleased with the results and the development of his company. On the contrary, he was able to announce with a certain pride that in the completed fiscal year it was possible to reduce the company's own debt by US$5.5 million.
Read more about it on their website: HiveBlockchain.
The company had a banner year in its last fiscal year ended March 31, with US$211 million in revenue, the highest in its history. Despite the bear market, the company posted healthy profits of US$79 million. The year was capped off with a 545% increase in Bitcoin mining hashrate.
In the 2021/22 fiscal year, the company was able to increase its revenue by 212% compared to the previous year. HIVE Blockchain Technologies has made great strides in one key area of cryptocurrency mining - increasing its hashrate. This very positive result is all the more impressive as HIVE Blockchain Technologies financed the expansion of its facilities in New Brunswick last year.
Despite the high costs associated with this expansion, the company was still able to increase both its revenue and net income per share. This was made possible by the company increasing its hashrate from about 310 PH/s of Bitcoin mining and 2,700 GH/s of ETH mining to a milestone hashrate of two exahashes or 2,000 PH/s and about 6,100 GH/s of ETH mining by March 31, 2022. This represents a phenomenal 545% increase in BTC hashrate and a 225% increase in ETH hashrate.
Accordingly, Frank Holmes, Executive Chairman of HIVE Blockchain Technologies, is pleased with the results and the development of his company. On the contrary, he was able to announce with a certain pride that in the completed fiscal year it was possible to reduce the company's own debt by US$5.5 million.
Read more about it on their website: HiveBlockchain.