HIVE Blockchain reports $23.4M in October revenue

HIVE Blockchain Technologies (NASDAQ:HIVE) reported $23.4M in October revenue, 234 BTC produced and 2,591 ETH produced (equal in value to 171 BTC); it shows BTC HODL position of 1,350 coins. The company's total Bitcoin equivalent production stood at 405 BTC Equivalent Produced and 13.1 BTC Equivalent per day average produced. "We are proud of the growth and operational excellence exhibited from our global operations, which has HIVE generating $280M in annual revenue on a run-rate basis using October figures, or approximately C$350M," Executive Chairman Frank Holmes commented. Currently, the company's New Brunswick facility is operating at 30MW of power capacity and generating ~650 PH/s of Bitcoin mining capacity; in December 2021, the company expects the next 20MW phase of this campus to be completed in 1Q22 adding additional 500 PH/s of Bitcoin mining capacity.