With its declared goals of becoming one of the world’s top three blockchain ecosystems within just three years, and the world’s most widely used financial ecosystem two years after that, the creators ...
Tag: Hive
Hive Blockchain Reports Q3 2022 Net Loss of $90.4 Million
8 seconds ago | 2 mins read Bitcoin News The company’s gross mining margin was hit hard by the decline in crypto prices. After the Ethereum-Merge, Hive began selling its excess energy to the grid. Whi...
Crypto Miner Hive Blockchain Posted Net Loss of $90.4M for Q3 2022
Crypto mining saw severe losses last year as prices went south. Several notable players in the space slid into bankruptcy, while others had to take cost-cut measures and shut down branches. This was a...
HIVE Earnings Report is out: Quarterly Revenue is $14.3 Million
The publicly traded crypto miner Hive Blockchain (HIVE) announced its quarterly revenue earnings was $14.3 million on Tuesday. According to the report, due to the loss of Ethereum earnings from the Me...
HIVE Increases Bitcoin Production in First Full Quarter Without Ethereum Mining
Crypto miner HIVE Blockchain increased its Bitcoin production in the final three months of last year, despite the ongoing crypto winter and the end of its Ethereum mining operations. The Vancouver-bas...
All you need to know about VeChain summit’s rebranded version— The Hive – Cryptopolitan
VeChain has recently declared the launch of The Hive, a Web3-focused sustainability event that is the successor to last year’s VeChain Summit. This initiative has been created to increase collaboratio...
FBI Infiltrated Hive Network, Blocking Over $130 Million in Crypto Ransomware
The U.S. Justice Department announced Thursday the results of a months-long operation with the Federal Bureau of Investigation that actively disrupted the activities of the Hive ransomware group, whic...
Hive Ransomware Network Dismantled by American, European Law Enforcement – Bitcoin News
Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol a...
FBI Announces Takedown of Hive Ransomware Network
The FBI announced the takedown of Hive, a ransomware network with members across multiple states in Europe and North America, in a recent press release. The US agency stated that they had been on the ...
FBI Infiltrates Hive Network, Foils $130M in Ransom Demands
FBI infiltrates a ransomware gang to help 300 victims and thwarts extortion of over $130 million. Hive Network targeted hospitals, schools, and banking in over 80 countries. The FBI says the operation...
US Justice Department seizes website of prolific ransomware gang Hive
According to United States Federal Bureau of Investigation Director Christopher Wray on Jan. 26, international law enforcement groups have dismantled the infamous Hive cryptocurrency ransomware gang. ...
US DoJ takes down Hive ransomware website
The United States Department of Justice (DOJ) on Jan. 26 finally caught up with the notorious Hive cryptocurrency ransomware gang and recovered over 1300 decryption keys they stole from victims since ...
Hive Blockchain deploys Intel powered HIVE BuzzMiner ASIC
Stock price of Bitcoin (BTC) mining company Hive Blockchain Technologies (HIVE) has surged tremendously since the start of this year. Also, the miner also stated about the deployment of new mining ins...
Hive Blockchain Deploys First Intel-Powered Bitcoin Mining Machines
More than 1,500 of the Intel-powered machines have already been installed across the miner’s facilities in Canada and Sweden and they have met performance targets, the miner said. Hive had initi...
Hive’s ‘Massive Efficiency Upgrade’ Led by Intel-powered Miner Rollout
Hive Blockchain has installed about a quarter of its expected new fleet of customized mining rigs powered by Intel processors — one key component of a push the company said would result in a “ma...
Hive Earned 184 BTC Approx. In December: Curtails Power Use
Canadian BTC miner Hive Blockchain earned $3.15 million, equivalent to 184 BTC in December 2022. They mined 4,752 BTC in 2022, 18% more than in 2021. Bitcoin mining profitability has dropped by 70%....
HIVE produced 213.8 BTC in December 2022
HIVE Blockchain produced 213.8 Bitcoin (BTC), earned $3.15 million in addition to the produced BTC, and installed 1,423 of its BuzzMiner BTC miners in December 2022, according to the company’s update....
Crypto Miner Hive Cuts Computing Power Forecast for Intel Chip-Based Rigs
Some of the machines have already been installed, with the rest expected by the end of January. The rigs’ computing power of about 109 terahahes/second (TH/s) per machine is a little over that o...
Ethereum merge might have resulted in 40% loss for Hive Blockchain revenue
Bitcoin (BTC) mining analyst Jaran Mellerud estimated that the Ethereum (ETH) merge might have led to a 40% drop in Hive Blockchain’s revenue. Hive just lost its ether mining cash cow. I estimate its ...
Hive Blockchain Pivots to BTC Mining Following ETH Merge
Mining companies that relied heavily on Ethereum have had their revenue slashed following the Merge. The survivors have pivoted to BTC mining, and Hive Blockchain is among them. Former Ethereum mining...
Hive Blockchain revenue slipped by 44%
The second quarter report of Hive Blockchain got released. As per the report, the revenue slipped by 44% year over year. Hive Blockchain, the first publicly traded crypto miner, released its second-qu...
Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge
According to its second-quarter (ending Sept. 30) earnings presentation released on Nov. 15, Vancouver-based digital assets mining company Hive Blockchain’s revenue declined by 44% year over year to $...
Hive Blockchain Bucks The Bearish Trend By Holding $68 Million In Bitcoin
The extreme microeconomic factors, rising inflation, and increased energy cost have impacted the profitability of Bitcoin miners. Amid the ongoing bear market, many Bitcoin miners find it difficult to...
Hive Blockchain Reveals No Debt Costs as it Holds 3,311 Bitcoin
Prominent Bitcoin miner Hive Blockchain revealed having 3,311 Bitcoin, worth more than $68 million, as of November 5, 2022. In its latest production report, the Canadian firm said it does not have exp...
GPU mining revenues plunged in September – Hive Blockchain
Hive Blockchain, a Bitcoin miner, stated that GPU mining revenue decreased “dramatically” following The Merge. GPU mining is only a small part of what it does. In September, GPU mining produced 44% le...
How WAX and HIVE Are at the Forefront of GameFi?
Investments in the blockchain and Web 3 space have been spasmodic despite the sector’s overall growth. While a bear market and macroeconomic conditions have halted growth across sectors, GameFi is a s...
Hive Blockchain To Mine Other Crypto Assets After Merge
The HIVE blockchain announced that it had increased its revenue per megawatt by four times. This record revealed that its generated income exceeds that of Bitcoin mining. HIVE blockchain, a cryptocurr...
Upcoming merge forces Hive Blockchain and Hut8 to look for alternative GPU Mineable Coins
Join Our Telegram channel to stay up to date on breaking news coverage The situation for blockchain miners since the start of the bear market has been fairly tricky. From increasing restrictions to li...
HIVE Blockchain to Explore Mining Ethereum Alternatives Ahead of Merge
One of the industry’s largest crypto mining companies, HIVE Blockchain, announced today that it hit record crypto mining production figures throughout August. The crypto miner claims to have un...
Hive Blockchain explores new mineable coins ahead of Ethereum merge
Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS. The Canadian crypt...
HIVE Blockchain Could Start Mining New Crypto Assets After the Merge
The Canadian cryptocurrency miner HIVE Blockchain announced its August production figures, saying it mined 290.4 BTC and 3,010 ETH. The company’s equivalent BTC production was 518.8 BTC with an averag...