According to the company, the HIVE blockchain generated 213.8 Bitcoins (BTC), earned $3.15 million in addition to the generated BTC, and installed 1,423 BuzzMiner BTC miners in December 2022. update.
Commenting on the company’s production in December, HIVE Executive Chairman Frank Holmes said:
“We are very happy to have produced over 213 bitcoins this month, and we have also made over $3 million this month from our grid balancing and energy sales initiatives.”
The update revealed that 212 BTC were generated from HIVE’s ASIC mining operations, with an additional 1.4 BTC mined by its GPUs throughout the month. This figure shows an average of 113.2 BTC per Exahash and an average production of 6.9 BTC per day.
In the 12 months of 2022, HIVE has mined 3,146 BTC and 1,606 BTC worth of other digital assets. That equates to around $17,251 when calculated at his BTC price on Jan. 9. The figure shows an 18% year-over-year increase in digital assets mined by HIVE. The company said that in 2021 he will mine digital assets worth 4.032 BTC.
According to the announcement, HIVE has taken advantage of falling mining equipment prices to acquire 3,570 Bitmain S19j Pro rigs in December 2022. The new rig arrived in his last week of December, and the company has installed about 2,050 units. The remaining rigs are estimated to be in place by January 13th.
In addition to purchasing new mining rigs, HIVE also rolled out its own ASIC BTC miner system called HIVE BuzzMiner. BuzzMiners were developed in partnership with Intel Blocksale with a total production volume of 5,800. Of these, HIVE He received and installed 1,423 new BuzzMiners in December 2022. The announcement declared that these new rigs would replace HIVE’s older ASIC and GPU systems in the near future.