Home Financial Markets Penny Stocks Let's find out how Blockchain Technology (OTCQX: HVBTF) stock is behaving at...

Let’s find out how Blockchain Technology (OTCQX: HVBTF) stock is behaving at the moment

Blockchain Technology (OTCQX: HVBTF)was up 13.03% to $2.45 from the previous close after the company announced the purchasing of a new-generation 4,180 MicroBT WhatsMiner M31S+, 334 Petahash per seconde, as its bitcoin mining operations begin to grow.

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Added 4,180 MicroBT WhatsMiner M31S+ Miners would almost double the total HIVE operational hash rate from Bitcoin to an average 653 PH/s.


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This new tech is anticipated to be shipped in 9 tranches in 2021, based on the purchases made, with 180 miners delivered in April and 500 miners paid per month in the remainder of the 2021 calendar beginning with May.

These protected orders are HIVE’s ongoing step towards obtaining a cumulative operational hash power of 1.000 PH/s by the end of the 2021 year, much of which is financed through operating cash flows. In these insured acquisitions, the industry has made a big step towards its target.

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HIVE remains the leading Ethereum producer in Sweden and Iceland that can offer renewable electricity. In the last financial quarter ended December 31, 2020, and based on the estimated unaudited reports of the Business, Ethereum has surpassed Bitcoin, delivering approximately 22,000 Ethereum coins, while inventory finishes with about 13,100 Ethereum coins. Furthermore, Canadian bitcoin production has risen to around 160 bitcoins in the last month, up from 89 in the previous quarter. We have ended up with an inventory of about 140 coins in the December 31, 2020 quarter.

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