HIVE Blockchain Technologies quadruples in two months, owes success to Ethereum mining

11 Feb 2020
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Hive Blockchain Technologies’ (HIVE.V) prospects are looking up and now they anticipate a 40% reduction in the company’s operating and maintenance costs for its GPU (graphics processing unit) ethereum mining facility in Sweden.

The company’s new costs are comparable to what they were paying under their previous service provider agreement, which ended in November 2019. The company locked in a lower-than-anticipated electricity rate, courtesy of a unusually warm winter in Sweden, for a majority the company’s electricity costs by utilizing agreements that will continue through 2020.