HIVE Blockchain reports 279.9 BTC produced in July 2022

HIVE Blockchain Technologies (NASDAQ:HIVE) reported global Bitcoin and Ethereum mining operations for July 2022, with a BTC HODL balance of 3,091 Bitcoin and 6,820 Ethereum as of August 4, 2022.The company produced 279.9 BTC (compared to 278.5 BTC in June 2022) with 2.2 Exahash of Bitcoin mining capacity at beginning of July, and 2.26 Exahash of Bitcoin mining capacity during the month of July.Total bitcoin equivalent production in July 2022 stood at 465.1 BTC equivalent produced, 15.0 BTC Equivalent produced per day on average, 3.77 Exahash of BTC Equivalent Hashrate.Meanwhile, the Ethereum mining capacity at the start of July stood at 5.77 which increased to 6.49 Terahash of Ethereum mining capacity at the end of the month."In July we produced an average of 15.0 Bitcoin Equivalent per day, comprised of approximately 9.0 BTC per day and our Ethereum production of approximately 95 Ethereum per day. We are pleased to note that as of today, we are producing approximately 10 BTC a day in addition to approximately 95 Ethereum per day," Executive Chairman Frank Holmes commented.The Bitcoin network difficulty decreased 6.5% during the month of July. The Ethereum network difficulty had a sudden difficulty decrease of almost 20% at the end of June, which was followed by a slight and gradual increase of 1.6% during the month of July, impacting the gross profit margins.Shares are up 1.63% after-hours.