Hive Mining Company Doubles Hashrate With 1,240 WhatsMiner M30S Devices Hive Blockchain has acquired and immediately installed the largest batch of ASIC miners in its history, according to a press release released today.

Mining company Hive doubles hashrate by installing 1,240 WhatsMiner M30S devices

Mining company Hive Blockchain acquired and immediately installed the largest batch of ASIC miners in its history, according to a press release released today.

With the addition of 1,240 WhatsMiner M30S devices from MicroBT, Hive's computing power has doubled, the company said. Now her hashrate is 229 petahashes per second (PH / s), up from 116. She intends to reach a hashrate of 1,000 PH / s over the next 12 months..

Hive is still awaiting the delivery of 200 S17e miners, which have been pushed back due to production difficulties at Bitmain. The company is ramping up resources amid a rise in the price of bitcoin to a three-year high of around $ 16,000. This week's difficulty reduction, the largest since 2011, also had a positive impact on mining profitability..

Bitcoin growth since the beginning of the year is 115%. HIVE shares, traded on the Canadian TSX Venture Exchange, gained almost 500% during the same time.

In addition to Bitcoin, Hive specializes in Ethereum mining and, according to financial statements after an audit, mined 32,000 ETH in the third quarter.

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