HIVE Blockchain Reports Total Revenue of $23.6 Million in November 2021

​HIVE Blockchain Technologies, the first cryptocurrency mining company with a green energy and ESG strategy, has reported its key financial metrics for November 2021. According to the company, it generated a total revenue of $23.6 million in the month.

During the month, HIVE produced 218 BTC and 2,334 ETH, generating Bitcoin mining revenues worth $13.2 million and Ethereum mining revenues worth $10.4 million respectively. In addition, the company reported the BTC mining capacity of 1.31 TeraHash and ETH mining capacity of 4.36 TeraHash.

“we are very pleased to report HIVE has continued its strong momentum following our record-breaking October production figures; this trend is continued in our November production where HIVE is again generating over $280M USD in annual revenue on a run-rate basis using November figures, or approximately $350M CAD,”Frank Holmes, Executive Chairman of HIVE, said.

Last month, HIVE has reported its key financial metrics for the second quarter​ ended September 30, 2021., showing a significant increase in its revenue and net income. The company’s revenue for the three-month period rose to $52.6 million, up 41% compared with last quarter and 305% since the same quarter last year.