Debate Over Crypto Mining's Potential Environmental Impacts Receives Strong Rebuttals - Seite 3

In March, HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) (TSX.V:HIVE) announced its own production figures and mining, producing 278.6 BTC and 2,459 Ethereum (ETH) within the month averaging ~9 BTC per day, and ~79.3 ETH per day, for a combined BTC equivalent value of 14.4 BTC, or roughly US$542,000 per day.

"We are very pleased to report HIVE has continued its extremely strong momentum in expanding our hashing power, notably our Ethereum mining hash power grew by 33% this month," said Frank Holmes, Executive Chairman of HIVE. "Our Bitcoin hashing power increased in March and at the calendar month-end our hashrate was 2.0 Exahash, which translated into a 6% increase in BTC mining on a month over month basis, while BTC prices corrected."

Another prominent North American digital asset miners is Hut 8 Mining Corp. (TSX:HUT) (NASDAQ:HUT), which in March reported it had generated 345 BTC—for an average of 11.13 BTC or roughly US$420,000 per day.

Effective at the start of May, Hut 8 announced it had entered into an agreement to purchase all 960 Whatsminer M31S+ machines from its hosting client TAAL. Once the acquisition is complete, Hut 8's operations at all mining sites will be 100% allocated to self-mining.

"The incremental capacity will deliver an immediate hashrate benefit as ASIC miners are already on-site, installed and hashing," said Jaime Leverton, CEO of Hut 8. "Over the past 18 months, we have pursued a strategy that is unique among our peer group: in addition to digital asset mining, we support clients with high performance computing, cloud hosting, and collocation services at our five Canadian data centres so they can succeed in the burgeoning Blockchain and Web 3.0 industries."

For more information go to: https://usanewsgroup.com/2020/11/16/live-streaming-is-taking-the-market-by-storm/.

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