Cryptocurrency mining company HIVE Blockchain generated $42.5 million in net income in the one-year period ending March 31, 2021.
- HIVE Blockchain, which increases the production of Bitcoin (BTC) and ether (ETH), is free from mining throughout the period. $66.7 million earned income.
- The company’s gross profit from mining increased from $8.5 million to $50.1 million as a result of its direct management of these operations.
- HIVE Blockchain, which announced a loss of $ 1.9 million the previous year, has a net income of $ 42.5 million this period, which is a record for the company.
- HIVE Blockchain, which mines bitcoin and ether in Iceland, Sweden, and Canada, was launched earlier this year. 100 million dollars announced a funding.
- The total value of cryptocurrencies in the financial statement of the company that produced 595 bitcoins and more than 96,300 ether during the period $57.5 million declared as.
- Frank Holmes, interim CEO of HIVE Blockchain, said that they aim to “increase efficiency and profitability” in the future.
The article titled HIVE Blockchain Announces Record Income of 42.5 Million Dollars for One Year Period was prepared by Ömer SAKMAR and published on koinbulteni.com.