HIVE Blockchain sees 3.8% drop in February bitcoin production

HIVE Blockchain ( NASDAQ: HIVE ) reported 250 bitcoin production (vs.260 produced in January ) or 8.9 BTC produced per day on average, in February with a current BTC HODL balance of ~2,340 bitcoin mined utilizing computational power sourced from green energy. "We have increased our overall hashrate by 16% (to 2.75 EH/s) M/M from January 2023 to February 2023," President & CEO Aydin Kilic commented. In February 2023, the company sold 267.7 BTC for total net proceeds of $6.6M and it currently has ~2,365 bitcoin with market value of $56M+ It reached over 3 Exahash of bitcoin mining capacity in February by mining at full capacity of 3,080 PH/s in late February; it recorded 2.81 EH/s of mining capacity for the month. The month's production represents an average of 91 Bitcoin Per EH, with an average hashrate of 2.75 EH/s for the month. While it has installed 4.2K+ BuzzMiners to date, it received 5.6K+ Buzzminers in its data centers and continues to install them to increase overall hashrate. In the upcoming 2 months, the company expects to receive an additional 645 BuzzMiners representing a total production quantity of 6.3K BuzzMiners powered by the Intel Blockscale ASIC for the initial production run.