The mining company HIVE Blockchain Technologies mined 259 BTC (~$7.8 million at the time of writing). Its reserves reached 1,967 BTC.
The company’s average hash rate for the month was 3.38 EH/s, including the GPU fleet. Compared with May, the miner’s compute power increased by 3%.
Thanks to the deployment of a batch of ASIC devices BuzzMiners on Intel chips, HIVE plans to continue increasing the capacity of its fleet. According to the company’s goals, by August it should reach 4 EH/s, and by the end of the year — 6 EH/s.
“In the first week of July, our ASIC hashrate reached 3.4 EH/s and, as expected, will continue to grow, since most of our miners announced earlier have been sent to sites, and we continue to install them in data centres,” said HIVE president and chief executive Aydin Kilic.
He also noted an uptick in the difficulty of mining the first cryptocurrency. As a result of the latest recalculation on June 14, the metric rose by 2.18%, updating the record to 52.35 T.
In 2022, HIVE mined 3,146 BTC. The company’s total digital-asset production for the period, converted to digital gold, amounted to 4,752 BTC.
According to Coin Metrics, in the second quarter of 2023, bitcoin miners’ revenue from fees rose by 270%. In that period, cryptocurrency miners earned a total of $184 million from transaction fees.