Hive Blockchain Technologies Ltd: HIVE Announces Long Term H

Hive Blockchain Technologies Ltd: HIVE Announces Long Term HPC Computing Strategy Beyond Ethereum 2.0


Hive Blockchain Technologies Ltd: HIVE Announces Long Term HPC Computing Strategy Beyond Ethereum 2.0
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021.
VANCOUVER, BC / ACCESSWIRE / July 2, 2021 / HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HVBT) (FSE:HBF) (the "Company" or "HIVE") is pleased to announce its long term high performance computing strategy beyond Ethereum 2.0.
Ethereum and Bitcoin Growth Plans for 2021
HIVE's current Ethereum production is over 3,000 Gigahash per second ("GH/s") and has the potential to almost double after card upgrades of over 5,500 GH/s by the end of December 2021, and our current Bitcoin production is 544 Petahash per second, which we expect to double by early September 2021 to 1.0 Exahash per second ("EH/s") and double again by Christmas 2021 to 2.3 EH/s. Based on current ETH and BTC prices and difficulty in mining our revenue could be US$30 million per month when we have all our machines installed and mining.

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