Hive Blockchain shows a positive balance sheet and debt absence
Hive Blockchain, a mining company from Canada, has published its quarterly report. According to the data provided, there are no debts.
In addition, there are 3,311 bitcoins ($68.8 million in equivalent) on the balance sheet. In October, the miner managed to mine 307 BTC. According to Frank Holmes, executive chairman of Hive Blockchain:
The company is pleased with the results achieved, especially with the record difficulty of mining. In the past month, it managed to mine an average of 9.9 BTC per day.
The positive dynamics that Hive is showing are quite unusual against the background of what is happening in the market, including with large companies. Argo Blockchain, Compute North, and Core Scientific faced big problems after the onset of the bearish trend.