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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 It had already mined 6,280 Ether between Oct. 1 and Dec. 21, and is on pace to continue to mine 65 ETH per day for the rest of 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 anticipates that its Bitcoin production will rise by approximately 2% each quarter, to roughly 656 BTC and 670 BTC.