The publicly traded crypto mining company Hive Blockchain is expected to produce 6,900 Ether (Ethereum) And 670 Bitcoin (Bitcoin) For the fiscal quarter ended December 31, there were decreases and increases respectively compared to the previous quarter.

In the notice to shareholders on Wednesday, Hive Say From October 1st to December 21st, it has mined 6,280 ETH, and it is expected to mine more than 65 ETH per day for the remainder of 2021. This projected total-6,900 ETH-will be more than 20% less than 8,688 ETH mined by the company from July 1 to September 30. However, Hive expects its Bitcoin production to grow by 2% every quarter, from approximately 656 BTC to 670 BTC.

“This time increase [in Bitcoin] Has been driven by the previously announced investment in new generation mining machines and the expansion of our Bitcoin mining facilities,” Hive reported. “Compared with the previous quarter, the decline in Ether production this quarter will be partly driven by an increase in the average price of Ether by 45 % Offset, and the rise in bitcoin prices this quarter pushed the rise in bitcoin prices this quarter. More than 35% of quarters. “

The Canadian cryptocurrency mining company attributed the slowdown in ETH mining to an average difficulty increase of more than 16% during the quarter, which included a peak on December 7 as more projects entered the ecosystem. However, Hive also stated that as the difficulty increased, the “strong” ETH price helped the company support its mining business.According to the data from Cointelegraph Markets ProThe price of ETH has risen by more than 50% since September 30, and reached a record high of more than $4,800 in November.

The mining company stated: “HIVE has a healthy inventory of Ether and Bitcoin coins and has an ongoing strategy to build our inventory until the 2022 calendar year.” “We no longer sell coins, but deposit them for the new year. “

related: Bitcoin miner Hive, who focuses on green energy, joins North American mining pool

Hive is known for its mining efforts focused on green energy, with factories in Canada, Sweden and Iceland. In June, the company announced that it had received Approval of listed shares On the Nasdaq Stock Exchange. As of press time, the stock price is $2.87, which has risen by more than 2% in the past 24 hours.