HIVE Blockchain Technologies Ltd (HIVE)

[hobowilly]

Somebody is celebrating today. Gee, I wonder who?

1,768 BTC 100% HODL x $40k = $70,720,000.00 (Just for 2021)
41,966 ETH, a portion of which were sold to upgrade chips - "A portion?" Why so explicit about coins HODL'ed and so secretive about where the money went? How mush is a "portion?" Oh what the heck, mushrooms don't give a F***, they were more than happy to eat the $110,000,000.00 dilution shite sandwich.
46,209 ETC which were sold - Just like that? 46,209 were sold? Yeah? And? How many Ferraris and summer homes were bought? How about those year end bonuses while the ticker lost 32%?

I'm sure there's a follow-up PR coming lamenting the $HIVE pps. Surely Frankie The Lowlife POS cares about the plight of $HIVE shareholders. No year-end message, no Letter to Shareholders thanking them for their continued support and money, no inspirational hope for the future. Because he's a lowlife scamming POS and couldn't care less about shareholders. OH, and where is the update in the S19 Miners due this month?

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of December 2021, with a BTC HODL balance of 1,813 Bitcoin as of December 31, 2021.

December 2021 Production Figures

HIVE is pleased to announce its December 2021 production figures. The Company notes it currently has:
245 BTC Produced
1.7 Exahash of Bitcoin mining capacity
2,178 ETH Produced
4.45 Terahash of Ethereum mining capacity
Frank Holmes, Executive Chairman of HIVE stated “We are very pleased to report HIVE has continued its strong momentum in expanding our Bitcoin hashing power even as the network difficulty rose. As of today, we are producing approximately 8.8 BTC a day. Our Bitcoin hashing power increased in December and at the calendar year-end our hashrate was 1.7 Exahash, which translated into a 12% increase in BTC mining on a month over month basis, while BTC prices corrected.”

Aydin Kilic, President & COO of HIVE noted “We continue to educate the investing public and crypto enthusiasts on the financial relationship between BTC and ETH mining. The Company believes its unique position of having a large Bitcoin and Ethereum mining footprint provides investors with a unique value proposition. Mr. Kilic continued, “Similarly, where one can equate hashrate on a revenue basis between BTC and ETH, you can also equate the value of the coins daily. As such the ETH that HIVE produced during the month of December is approximately equal in value to producing a monthly total of 179 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 245 BTC produced from our Bitcoin mining operations during December.”

The Company’s total Bitcoin equivalent production in December 2021 was:
423 BTC Equivalent Produced
13.6 BTC Equivalent produced per day on average
2.6 Exahash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH Hashrate)
Calendar 2021 total production
1,768 BTC 100% HODL
41,966 ETH, a portion of which were sold to upgrade chips
46,209 ETC which were sold
In summary Total Bitcoin Equivalent mined was 3,222 based on BTC/ETH/ETC. Another perspective for Calendar 2021, we mined coins with a year-end gross dollar value of approximately US$221 million (unaudited) using market prices of BTC US$43,000 and ETH US$3,400.