Bitcoin Miner Hive Blockchain Holds $68M of BTC, Has no Debt Costs on Equipment

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Bitcoin Miner Hive Blockchain Holds $68M of BTC, Has no Debt Costs on Equipment
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Bitcoin miner HiveBlockchain produced 307 bitcoin last month and now has about $68 million of the cryptocurrency on its balance sheet. Reporting by oknightcrypto.

Hive mined 307 bitcoin in October at an average of 115 bitcoin per exahash.

"We are very happy to be producing over 300 Bitcoin per month, which is about 1% of the global network, even when network difficulty is at an all-time high. We have sold all our Ethereum holdings. In October we produced an average of 9.9 Bitcoin per day," Executive Chairman Frank Holmes said in the statement.

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