Blockchain
RETRANSMISSION: HIVE Presents Record November 2021 Production Figures and Provides Corporate Update
Vancouver, British Columbia–(Newsfile Corp. – December 3, 2021) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBF) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of November 2021, with a BTC HODL balance of 1,584 Bitcoin as of today.
November 2021 Production Figures
Following a record Q2 2022 earnings report (period end September 30, 2021), HIVE is pleased to announce its November 2021 production figures. The Company notes it currently has:
- 218 BTC Produced
- $13.2M USD Bitcoin mining revenue
- 1.31 ExaHash of Bitcoin mining capacity
- 2,334 ETH Produced
- $10.4M USD Ethereum mining revenue
- 4.36 TeraHash of Ethereum mining capacity
- $23.6M USD Total Revenue
Frank Holmes, Executive Chairman of HIVE, stated, “We are very pleased to report HIVE has continued its strong momentum following our record-breaking October production figures; this trend is continued in our November production where HIVE is again generating over $280M USD in annual revenue on a run-rate basis using November figures, or approximately $350M CAD.”
Aydin Kilic, President & COO of HIVE, noted, “We would like the investing public and crypto enthusiasts to understand the financial relationship between BTC and ETH mining. For example, in the month of November, 1,000 GH/s of ETH mining was equivalent if measured in daily revenue from the value of coins produced to approximately 228 PH/s of Bitcoin mining.” The Company believes it’s unique position of having a large Bitcoin and Ethereum mining footprint provides investors a unique value proposition. Mr Kilic continued, “Similarly, where one can equate hashrate on a revenue basis between BTC and ETH, you can also equate the value of the coins on a daily basis, as such on a daily basis the 2,334 ETH that HIVE produced during the month of November is approximately equal in value to producing a monthly total of 171 BTC. This is in addition to the 218 BTC produced from our Bitcoin mining operations.”
The Company’s total Bitcoin equivalent production in November 2021 was:
- 389 BTC Equivalent Produced
- 13 Bitcoin Equivalent produced per day on average
- 2.3 ExaHash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH Hashrate)
Network Mining Difficulty
The Bitcoin network difficulty increased as much as 5% and similarly the Ethereum network difficulty increased approximately 8% during the month of November. These increases in difficulty are factors in the decrease in BTC and ETH produced in November compared to the previous month.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. HIVE traded over 2 billion shares in 2020.
We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.
For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
“Frank Holmes”
Executive Chairman
For further information please contact:
Frank Holmes
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian and U.S. securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes but is not limited to, the potential for the Company’s long-term growth, and the business goals and objectives of the Company.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from carrying out its expansion plans or operating its assets; and other related risks as more fully set out in the registration statement of the Company and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and www.sedar.com.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies will be consistent with historical prices; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to their inherent uncertainty.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106426
Blockchain
Blocks & Headlines: Today in Blockchain – January 30, 2025 (Qubetica, BTQ, Binance, EVIANCX)
The world of blockchain and cryptocurrency continues to evolve, with new projects, technological breakthroughs, and strategic investments shaping the landscape. As 2025 unfolds, the blockchain industry is being propelled forward by innovation, partnerships, and a deeper exploration of blockchain’s potential across diverse sectors. In this edition of Blocks & Headlines: Today in Blockchain, we take a closer look at the latest developments in the blockchain space, from new projects to quantum alternatives and the return of a major crypto figure.
1. Layer Qubetica: Blockchain Solutions for Real-World Use Cases
Source: The Independent
Qubetica, a new blockchain project, is making waves by developing solutions that aim to bridge the gap between blockchain technology and real-world applications. This platform is designed to provide secure and scalable blockchain solutions for businesses looking to enhance their operations with decentralized technology.
The core focus of Qubetica’s blockchain solutions lies in improving supply chain transparency, reducing fraud, and increasing efficiency across industries. One of the standout features of the platform is its ability to integrate seamlessly with existing systems, offering a straightforward approach for businesses to adopt blockchain without disrupting their current operations.
Blockchain technology has often been criticized for its complexity and steep learning curve, especially for companies that are new to the space. However, Qubetica’s user-friendly approach could help demystify blockchain for businesses across various sectors, including logistics, finance, and healthcare. This is a major shift in the blockchain industry, as more companies begin to see the potential of this technology beyond just cryptocurrency and DeFi projects.
The introduction of such accessible blockchain solutions is a significant milestone for the industry, as it demonstrates blockchain’s versatility and potential to revolutionize industries far beyond crypto.
2. BTQ Proposes Quantum Alternative to Crypto’s Proof of Work
Source: CoinDesk
As the cryptocurrency space continues to evolve, so does the need for more energy-efficient consensus mechanisms. Enter BTQ, a company proposing a quantum computing-based alternative to the widely used proof-of-work (PoW) consensus mechanism that underpins many cryptocurrencies like Bitcoin.
BTQ’s proposal aims to address one of the biggest criticisms of PoW: its environmental impact. While PoW requires vast amounts of computational power and energy to validate transactions and secure the network, BTQ believes quantum computing offers a far more efficient solution. Quantum computing, which leverages the principles of quantum mechanics, has the potential to solve complex problems much faster than traditional computers, making it an ideal candidate for powering blockchain networks without the energy-intensive demands of PoW.
This proposal could have far-reaching implications for the future of cryptocurrencies and blockchain technology. If successful, it could not only make cryptocurrencies more sustainable but also introduce a new paradigm for securing blockchain networks. Quantum computing is still in its early stages, but if BTQ’s proposal gains traction, it could signal the beginning of a new era in blockchain development.
3. Binance’s CZ Returns to Crypto with $16M Investment in Sign
Source: CoinDesk
Changpeng Zhao, better known as CZ, the CEO of Binance, has made a return to the crypto space with a $16 million investment into Sign, a blockchain-based messaging platform. This move comes after a period of relative silence from CZ, following the turbulence Binance faced in 2024 with regulatory scrutiny and market fluctuations.
Sign, which is designed to offer a decentralized alternative to traditional messaging platforms, promises enhanced privacy and security by leveraging blockchain technology. The platform is set to allow users to send encrypted messages without relying on centralized servers, giving them greater control over their data.
CZ’s investment is seen as a strong endorsement of Sign’s potential, signaling that Binance’s leadership remains confident in the future of blockchain beyond cryptocurrency trading. This move also highlights the growing interest in Web3 technologies, which aim to decentralize the internet and give users more control over their digital interactions. With CZ’s backing, Sign is poised to gain traction in the growing Web3 ecosystem.
As more blockchain applications extend beyond finance, CZ’s investment is an indication of the expanding use cases for blockchain technology, especially in areas like communication and data privacy. It also suggests that Binance, despite its recent challenges, is still positioning itself at the forefront of the broader blockchain revolution.
4. Nine Surprising Ways Blockchain Technology is Making a Difference
Source: GeekSide
Blockchain technology’s potential extends far beyond cryptocurrencies like Bitcoin and Ethereum. In a recent article by GeekSide, nine unexpected ways that blockchain is being used to solve real-world problems were explored, including in sectors like healthcare, education, and entertainment.
One of the most surprising applications is in healthcare, where blockchain is being used to track the provenance of medical supplies and pharmaceuticals. By ensuring that drugs and equipment are sourced from legitimate suppliers and are handled according to strict regulations, blockchain can help combat counterfeit drugs and improve patient safety.
In education, blockchain is being used to issue verifiable certificates and diplomas. This not only makes it easier for employers to verify candidates’ credentials but also ensures that students’ achievements are securely stored and cannot be tampered with.
The entertainment industry is also embracing blockchain for creating decentralized platforms that allow content creators to retain more control over their work and receive direct compensation for their efforts. This is a stark contrast to traditional models, where middlemen often take a significant portion of the revenue.
These applications demonstrate that blockchain’s potential is far-reaching and that the technology is being adopted across industries in ways that were once considered improbable. As more organizations realize the benefits of decentralization, blockchain will likely become a core component of many sectors.
5. EVIANCX: Enhancing Cryptocurrency and Blockchain Usage in Latin America
Source: GlobeNewswire
EVIANCX, a blockchain platform focused on enhancing the cryptocurrency ecosystem in Latin America, has made significant strides in improving access to decentralized finance (DeFi) and blockchain-based services in the region. The company’s efforts aim to address the challenges faced by Latin American countries, where economic instability, inflation, and lack of access to traditional banking services have led to the rapid adoption of cryptocurrencies.
EVIANCX is working to create a more inclusive financial system by enabling people to use cryptocurrency for everyday transactions, including remittances, payments, and savings. The platform’s innovative features also focus on providing educational resources to help users better understand blockchain and cryptocurrency, thereby empowering them to take control of their financial futures.
The growth of blockchain technology in Latin America is part of a broader global trend toward decentralized finance and digital currencies. As traditional financial institutions struggle to keep up with the demand for more inclusive and accessible financial services, blockchain-based platforms like EVIANCX are filling the gap, offering a glimpse into the future of global finance.
This is a significant development for the crypto space, as it demonstrates how blockchain can be used to empower underserved populations and create more equitable financial systems. The rise of blockchain in Latin America will likely have a lasting impact on the global adoption of cryptocurrency and DeFi technologies.
Conclusion: Blockchain’s Expanding Reach
The latest developments in blockchain and cryptocurrency show just how far the technology has come since its inception. From improving supply chain transparency and enhancing messaging security to exploring quantum alternatives to proof of work, blockchain is proving its potential to revolutionize industries across the globe. As the technology matures, we can expect to see even more innovative use cases that extend well beyond the world of digital currencies.
With companies like Qubetica and EVIANCX pushing blockchain into real-world applications and industry leaders like CZ continuing to invest in the space, the blockchain and cryptocurrency ecosystems are set to continue their rapid evolution. As blockchain technology finds its footing in sectors like healthcare, education, and communications, its long-term impact could be nothing short of transformative. The future of blockchain is bright, and its possibilities are just beginning to unfold.
The post Blocks & Headlines: Today in Blockchain – January 30, 2025 (Qubetica, BTQ, Binance, EVIANCX) appeared first on News, Events, Advertising Options.
Blockchain
Micro, Small and Medium Enterprise (MSME) Financing Global Strategic Business Report 2025: Shift Towards Sustainable and Green Financing Solutions Expands Market Potential – Global Forecasts to 2030
Micro, Small and Medium Enterprise (MSME) Financing Market
Blockchain
Blocks & Headlines: Today in Blockchain – January 28, 2025 (EVIANCX, Abstract, Venice, KPMG, Hashgraph Group)
Blockchain technology and cryptocurrency continue to redefine industries worldwide, driving innovation and creating new opportunities. In today’s edition of “Blocks & Headlines,” we explore major developments across the blockchain space, highlighting new projects, partnerships, and emerging trends.
Blockchain as a Catalyst for Innovation
The blockchain industry’s transformative potential was the focus of a recent report detailing how decentralized technologies are driving innovation in finance, healthcare, and supply chain management. Blockchain’s transparency and immutability are key factors enabling its adoption across diverse sectors.
In particular, the report noted the technology’s ability to enhance trust and efficiency in processes, reducing costs while improving security.
Analysis: Blockchain’s role as a catalyst for innovation is becoming more evident as industries beyond finance embrace its capabilities. The growing interest underscores the need for continued research and development to unlock its full potential.
Source: Cape Gazette
EVIANCX Enhances Cryptocurrency Usage in Latin America
EVIANCX, a leading blockchain platform, has announced new initiatives aimed at increasing cryptocurrency adoption in Latin America. The company is rolling out solutions to address challenges such as accessibility and education, targeting both businesses and individual users.
By simplifying blockchain technology and expanding infrastructure, EVIANCX seeks to empower communities and drive financial inclusion across the region.
Analysis: Latin America’s growing interest in cryptocurrency is fueled by its potential to address issues such as inflation and limited access to traditional banking services. EVIANCX’s initiatives could significantly enhance the region’s blockchain ecosystem.
Source: GlobeNewswire
Abstract: A Consumer Blockchain for the Masses
The launch of Abstract, a highly anticipated consumer-focused blockchain, marks a significant step toward making cryptocurrency more accessible. Abstract aims to simplify blockchain use cases, offering tools and applications designed for everyday users.
By prioritizing user experience and scalability, Abstract is positioning itself as a gateway for mainstream adoption of blockchain technology.
Analysis: Abstract’s approach to consumer-centric blockchain solutions highlights the industry’s shift toward usability and mass appeal. Simplifying complex systems is crucial for bridging the gap between blockchain enthusiasts and the general public.
Source: PR Newswire
Venice Launches VVV Token to Bridge Blockchain and AI
Venice, a pioneering blockchain project, has unveiled the VVV Token, designed to integrate blockchain with artificial intelligence. The token facilitates data exchange between AI systems and decentralized networks, promising advancements in predictive analytics, automation, and decision-making.
The initiative also includes partnerships with tech companies focused on AI and machine learning, ensuring robust support for the token’s ecosystem.
Analysis: Venice’s innovative fusion of blockchain and AI represents a significant trend in tech convergence. By combining these technologies, the project aims to unlock new possibilities for intelligent, decentralized systems.
Source: CoinSpeaker
KPMG India Partners with Hashgraph Group to Drive Blockchain Adoption
KPMG in India has teamed up with the Hashgraph Group to promote enterprise adoption of Hedera’s distributed ledger technology (DLT). The partnership will focus on delivering blockchain solutions tailored to industries such as finance, healthcare, and supply chain management.
This collaboration aims to leverage Hedera’s high-performance DLT to address scalability and efficiency challenges faced by enterprises.
Analysis: Partnerships like this highlight the growing interest in enterprise-grade blockchain solutions. By collaborating with established firms, blockchain projects can accelerate adoption and address real-world business needs.
Source: PR Newswire
Key Trends and Insights
- Consumer-Centric Blockchain: The launch of Abstract underscores the importance of user-friendly solutions in driving mainstream adoption of blockchain technology.
- Blockchain-AI Convergence: Projects like Venice’s VVV Token highlight the potential of integrating blockchain with artificial intelligence to create smarter, more efficient systems.
- Regional Focus: EVIANCX’s initiatives in Latin America demonstrate the growing importance of localized blockchain solutions that address specific regional challenges.
- Enterprise Collaboration: Partnerships such as KPMG India’s collaboration with Hashgraph Group emphasize the role of established enterprises in accelerating blockchain adoption.
- Broader Adoption: Blockchain’s application across industries continues to expand, showcasing its versatility and potential to drive innovation beyond cryptocurrency.
The post Blocks & Headlines: Today in Blockchain – January 28, 2025 (EVIANCX, Abstract, Venice, KPMG, Hashgraph Group) appeared first on News, Events, Advertising Options.
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