HIVE Blockchain reports $13.2M in November revenue

HIVE Blockchain Technologies (NASDAQ:HIVE) reported $13.2M in November bitcoin mining revenue, 218 BTC produced and 2,334 ETH produced (equal in value to 171 BTC); it shows BTC HODL position of 1,584 coins as of today. The company's total Bitcoin equivalent production stood at 389 BTC Equivalent Produced and 13 BTC Equivalent per day average produced. 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. "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," Executive Chairman Frank Holmes commented. Shares are up 1.17% PM.