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Bitcoin Miner Hive Blockchain Holds $68M of BTC

Bitcoin mining continues to be a profitable operation for those equipped with the appropriate hardware. Check out the latest reports involving BTC mining below.

Bitcoin miner hive drops impressive numbers

Canadian Bitcoin miner Hive Blockchain (HIVE) has 3,311 BTC worth $68.8 million, according to a production report released Monday.

The report also reported the fact that Hive has no debt servicing payments in relation to its digital assets or mining hardware, even as several rivals are feeling the squeeze of the bear market.

London-based Argo Blockchain (ARB) is searching for a source of liquidity after a $27 million deal collapsed last week. According to data coming from CoinDesk, in North America Compute North, one of the largest operators of crypto-mining data centers, filed for bankruptcy after owing as much as $500 million to at least 200 creditors.

“Core Scientific also warned that bankruptcy may be on the cards as it aims to raise capital,” according to the same online publication.

Hive mined 307 bitcoin in October at an average of 115 bitcoin per exahash.

“We are very happy to be producing over 300 Bitcoin per month, which is about 1% of the global network, even when network difficulty is at an all-time high. We have sold all our Ethereum holdings. In October we produced an average of 9.9 Bitcoin per day,” Executive Chairman Frank Holmes said in the statement not too long ago.

Bitcoin price prediciton is out

It’s been revealed that a popular crypto strategist said that one chart could foreshadow bullish continuations for Bitcoin (BTC) and the rest of the crypto markets.

Analyst Justin Bennett said not too long ago, that the Tether dominance chart (USDT.D) is on the verge of violating the diagonal support that has kept the metric in an uptrend since November 2021.

Despite the massive volatility in the crypto space, these are all kinds of juicy predictions about the price of BTC.

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