Hive Blockchain reported mining 278.5 bitcoin and 2,542 ethereum in June.
The company plans to fund its future expansion by selling current production of bitcoin and ethereum.The company currently holds 3,239 bitcoin and 7,667 ether, according to a statement on Thursday.
Hive CEO Frank Holmes said that has been able to manage the market volatility recently, as it has weathered"crypto winters" before. Per Holmes, the company has strived to"maintain a strong balance sheet of Bitcoin and Ethereum which is completely unlevered." "We are cautious, seeking out opportunities and remain firm in our belief that Bitcoin and Ethereum will survive to thrive again after all the over-leveraged players are forced out of business," Holmes said.
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