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Hive Blockchain on track to mine more Bitcoin, less Ether this quarter -Breaking

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© Reuters.

Hive Blockchain, a crypto-mining firm that is publicly traded, expects to produce 6,900 Ether.ETH) and 670 (BTC() For the quarter ended Dec. 31, representing a respective decrease and an increase over the prior quarter.

Hive sends a Wednesday notice of intent to shareholders From Oct. 1-Dec. 21, it mined 6,280 Ether and is on track for more than 65 ETH each day until 2021. This projected total — 6,900 ETH — would represent a decrease of more than 20% from the 8,688 ETH the company mined from July 1 to Sept. 30. Hive expects its Bitcoin production will increase by 2 percent quarterly from 656 BTC up to 670 BTC.