Hive Blockchain Outperforms Crypto Miners as Ether Reaches All-Time Excessive



Hive Blockchain, which is among the many largest publicly traded crypto miners of ether, outperformed its friends after the value of the native token of Ethereum, climbed to a report.Hive (NASDAQ: HIVE) shares rose virtually 3% at 10 a.m. in New York, whereas its friends, which predominantly mine bitcoin, had been largely flat to detrimental on Friday.Among the many publicly traded corporations, the Canadian miner is most uncovered to ether mining and likewise mines ethereum basic and bitcoin.Hive had about $63 million of ether, which is 77% of the digital foreign money holdings on its steadiness sheet, in keeping with a June 30 quarterly submitting. It additionally held $19 million of bitcoin, or 23% of its complete holdings.Nevertheless, the miner stated on Friday that it’s investing extra in bitcoin mining and ordered one other 6,500 Avalon bitcoin mining machines from producer Canaan.This new order will push Hive’s bitcoin mining capability to 2 exahash per second by December and three EH/s by March 2022.Hive has gained about 92% this yr, whereas ether has surged about 494% and bitcoin about 108%.