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Bitcoin Mining Uses A Higher Mix Of Sustainable Energy Than Any Major Country Or Industry

July 6, 2021

Last Thursday, HIVE Blockchain Technologies listed on Nasdaq (HVBT), providing U.S. investors access to Bitcoin and Ether mining.

As many of you know, HIVE became the first crypto miner to be traded publicly when it debuted on the TSX Venture almost four years ago. Its up-listing to Nasdaq, the world’s premiere tech stock exchange, represents the culmination of months of hard work by our team. I want to thank shareholders for their loyalty and patience.

That said, I believe the best is yet to come. We’re of the opinion that Ether 2.0 Proof of Stake (PoS) will take at least another two years before Ether mining is no longer financially attractive. That’s part of the reason why we’ve been expanding our enterprise cloud services focused on high-performance computing (HPC) workloads such as gaming, artificial intelligence (AI) and movie animation.

Toward that end, HIVE just agreed to join the NVIDIA Partner Network (NPN) as a cloud service provider, providing us access to the tech company’s ecosystem, partners, customers and deep industry expertise. We also substantially increased our computing capacity by buying NVIDIA graphics processing units (GPUs) with a total contract value of more than $66 million.

In the meantime, HIVE continues to hold its newly minted Bitcoin and Ether, mined using only 100% green renewable energy, in secure storage.

It’s important for investors to keep in mind that the crypto mining space is still incredibly volatile. Whereas gold has a daily standard deviation of ±1%, Bitcoin has one of ±6%. By introducing our enterprise cloud service offerings, we hope to lower some of HIVE’s volatility while maintaining its attractive margins.

Bitcoin Network a Far Bigger Consumer of Sustainable Energy Than Fake News Reports

Besides being an NVIDIA cloud service provider, HIVE is proud to be a founding member of the Bitcoin Mining Council (BMC), the group c...

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