HIVE doubles mining volume with new WhatsMiner M30S Devices

by in Blockchain News


HIVE Blockchain, listed on the Toronto Stock Exchange, acquired and immediately installed 1,240 WhatsMiner M30S miners. That was reported in a press release.

Representatives of HIVE Blockchain emphasized that this is the largest batch of new equipment in the history of the company. Thanks to devices from MicroBT, the hash rate of the Canadian company has almost doubled - from 116 PH/s to 229 PH/s.

The company plans to increase the hash rate to 1000 PH / s over the next 12 months.

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HIVE Blockchain is still awaiting the delivery of 200 S17e miners from Bitmain, which has been delayed due to production issues at the Chinese company.

Since the beginning of the year, the company's shares are up 488%. In the first quarter, HIVE Blockchain had a net profit of $ 1.8 million.

Earlier, a Canadian mining company received a 30-megawatt crypto mining equipment from a rival company Cryptologic.