HIVE Blockchain Technologies Inc. hive The stock is trading higher Friday morning after the company announced the commercial deployment of HIVE BuzzMiner.
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Executive Chairman Frank Holmes said: Building data centers, we are very pleased to be the first public cryptominer to deploy our own ASIC mining rig. We are proud of our team’s efforts. “
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HIVE Blockchain says it has more than 1,500 machines deployed globally in data centers in Canada and Sweden, meeting expected performance targets. The company notes that its previous forecast of over 1 Exahash was based on Intel’s total ASIC allocation of block-scale chips to generate 13,000 of his HIVE BuzzMiner.
The HIVE Blockchain will systematically scale its business during the cryptocurrency bear market, with the first production run of HIVE set at 5,800 units in 2022, but with the option to produce more HIVE BuzzMiners. is holding
HIVE has a 52-week high of $12.85 and a 52-week low of $1.36, according to Benzinga Pro data.
