Blockchain aficionados have been familiar with Vancouver’s own HIVE Blockchain Technologies (TSX-V:HIVE, OTC:HVBTF) for a while now, but a recent earnings shocker has rocked the markets and made fresh financial headlines. HIVE, already highly respected as the first publicly listed blockchain infrastructure company to bridge blockchain and cryptocurrencies to traditional capital markets, just announced their results for the first quarter ended June 30, 2018 – and the numbers will amaze you.
Where to begin? For one thing, we can start with this: for the period ended June 30, 2018, HIVE’s gross mining margin (income from digital mining less operating and maintenance costs) was an impressive $6,441,181, with income from mining digital currency per average megawatt of $485,000. The firm’s total generated income during this period was $10,660,664, and HIVE’s earned income from digital mining since the company’s launch of operations in September 2017 is an astounding $23,742,059.