Bitcoin

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 <a href="https://ultramining.com/news/en/crypto-mining-giants-hut-8-and-hive-blockchain-pivot-to-ai/" rel="noopener noreferrer nofollow">HIVE Blockchain Technologies</a> has unveiled its Bitcoin <a href="https://finance.yahoo.com/news/hive-blockchain-provides-june-2023-050300975.html" rel="noopener noreferrer nofollow">production</a> data for June 2023. The company generated 259 Bitcoin during the month. This production came from both ASIC and GPU mining operations. It maintained an average hashrate of 3.38 EH/s. 
 Daily Bitcoin production averaged at 8.6 BTC. By the end of June, the firm's mining capacity stood at 3.48 EH/s. President &amp; CEO, Aydin Kilic, revealed that ASIC hashrate reached 3.4 EH/s in early July. This rise is due to the shipping and installation of previously announced 1.26 EH/s of ASICs. 
 HIVE has set an interim goal to reach a 4 EH/s hashrate. The ultimate target for the year-end stands at 6 EH/s. From the average hashrate of 3.2 EH/s, 246 BTC was produced from ASICs. There was a 4.6% increase in BTC ASIC hashrate from May to June. 
 Bitcoin mining difficulty is a crucial factor in HIVE's gross profit margins. The Bitcoin network difficulty was 51.23 T on June 1, peaking at 52.35 T before closing at 50.65 T on June 30. 
 HIVE also strategizes based on energy prices. If the unhedged spot energy prices are too high, the company will self-curtail operations, leaving part of its total gross hashrate unutilized. This strategy and their use of efficient ASIC chips helps HIVE to thrive amid market downturns. 
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HIVE Blockchain Rides the Bitcoin Wave: June Production Peaks at 259 BTC

Ultramining_Eng

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