HIVE Blockchain produces 8% more BTC in January

HIVE Blockchain Technologies (NASDAQ:HIVE) trades 7% higher premarket after it reported January 2022 global Bitcoin and Ethereum mining operations with a BTC HODL balance of 2,043 Bitcoin and 25,404 Ethereum as of Jan. 31, 2022. The company produced 264 BTC in January 2022 (compared to 245 in December) with a 1.87 Exahash of Bitcoin mining capacity and 2,170 ETH equivalent produced and 4.56 Terahash of Ethereum mining capacity. In January we produced an average of 8.5 BTC per day, and we are pleased to note that as of today, we are producing ~8.9 BTC/day. The company's total Bitcoin equivalent production in January 2022 was 425 BTC equivalent produced, 13.7 BTC equivalent produced per day on average and 2.9 Exahash of BTC Equivalent Hashrate. The Bitcoin network difficulty increased as much as 10% and similarly the Ethereum network difficulty increased ~7.5% during the January.