HIVE Blockchain orders 3K MicroBT high performance bitcoin miners, cold wallets hold over 1K bitcoins

HIVE Blockchain Technologies (NASDAQ:HVBT) ordered 3K premium MicroBT WhatsMiners from MicroBT with a total hashrate of 294 Petahash per second (PH/s), with an average efficiency of ~34 Watts per Terahash (W/TH). With the purchase, global hash rate will increase by 24.5 PH/s each month. The 3K miners will be delivered in 12 equal tranches of 250 miners during CY22 commencing in January. HIVE intends to continue to utilize cash flow to make opportunistic investments and upgrade its fleet of BTC and ETH mining equipment on a regular monthly basis. Separately, the company has HODL (green and clean Bitcoins) 1.03K bitcoins in its cold wallets; it notes that 294 PH/s would generate ~67 Bitcoin/ month based on current difficulty levels. With current bitcoin mining operating capacity of 1 Exahash, the company produces 225+ bitcoin monthly on a run-rate basis. The company plans to expand its Swedish operations by 1 MW immediately in