HIVE leads on efficiency
Over the last year, Bitcoin's mining difficulty has risen about 53%. In the same period, the price is down ~32%.
This research is by Anthony Power of Compass Mining, from his article titled The true cost of stock compensation. Bitcoin mined per EH/s is a metric which indicates how efficiently a miner manages its resources and operates its assets. HIVE achieved its top ranking through:Why does HIVE stand apart in these areas? I believe part of the explanation lies in HIVE's culture.
Currently, the company is working on utilizing its high-end GPUs to power AI and HPC cloud applications. HIVE CEO and President Aydin Kilic explained in HIVE's most recent earnings release that these GPU efforts"are currently doing $80 per megawatt hour in revenue, which is similar to Bitcoin mining economics with ASICs". The annual run rate from HIVE's GPU operations is around $1.3 million, and leadership sees significant room to scale.
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