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HIVE Blockchain gets regulatory approval to boost ASIC mining capacity

Published 01/03/2019, 07:36 AM
Updated 01/03/2019, 07:36 AM
© Reuters.  HIVE Blockchain gets regulatory approval to boost ASIC mining capacity
  • HIVE Blockchain Technologies (OTCPK:HVBTF) gets regulatory approval to increase its cloud-based ASIC mining capacity by 50%.
  • It's using the extra capacity to mine Bitcoin (BTC-USD) and related cryptocurrencies.
  • HIVE continues to mine Ethereum (ETH-USD) using assets with cumulative GPU capacity of 24.2 MW located in Iceland and Sweden.
  • "I am pleased that we have received regulatory approval related to the deployment of 100 Petahashes of ASIC mining capacity at economic terms that we consider favorable for HIVE in a volatile cryptocurrency market," said Frank Holmes, interim executive chairman.
  • Previously: HIVE Blockchain Technologies reports Q2 results (Dec. 2, 2018)
  • Now read: Bitcoin Value Indicator: Jan. 1, 2019


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