HIVE Blockchain Technologies increases mining of Ethereum by 20%

12 Mar 2020

Crypto mining firm Hive Blockchain Technologies recently revealed a new two-phase plan that would increase Ether mining at its Sweden-headquartered flagship GPU-based facility. The firm plans to increase the mining process by 20%, as it views the current situation as ‘an opportune time.’

The company’s facility in Sweden is hydro-powered, and the expansion will require capital expenditures of only around $200,000 per every extra megawatt of power. The cost increase also includes the additional hardware that the firm will need to perform crypto mining.