Mining Company HIVE Blockchain Sells 10,000 ETH to Buy Intel-made Bitcoin Miners

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HIVE Blockchain Technologies has sold about 10,000 ETH to “fund a strategic relationship with Intel and create new Bitcoin miners.”

According to representatives of the company, they have made this decision due to the volatility of ETH as well as the fact that it “has surpassed Bitcoin at the end of last year.” The company has said:

“We will continue to sell ETH at strategic times to fund our long-term BTC mining goals.”

According to them, Ethereum mining is “a highly profitable but less competitive niche.” Income from it can be used to strengthen positions among large bitcoin miners.

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