The third-quarter revenue of HIVE Blockchain, a listed mining company, increased by more than three times year-on-year to US$52.6 million, a record high

The third-quarter revenue of HIVE Blockchain, a listed mining company, increased by more than three times year-on-year to US$52.6 million, a record high

2021/11/17

According to reports, HIVE Blockchain, a listed mining company, announced the financial report for the second quarter of the current fiscal year (July 1, 2021, to September 30, 2021). Revenue reached 52.6 million U.S. dollars, an increase of 305% over the same period last year, setting a record high. At the same time, HIVE Blockchain's mining gross profit rate in the third quarter was 86%, compared with 71% in the same period last year, and earnings per share increased by 433%. The main reason for the increase in revenue was the increase in the price of cryptocurrencies and the increase in Bitcoin production, thanks to the purchase of mining facilities in Quebec and the Atlantic and the acquisition of mining machines from these facilities. In addition, as of the end of the second quarter, HIVE Blockchain held a total of 1,116 Bitcoin and 25,154 Ethereum.

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