HIVE Blockchain (NASDAQ: HIVE) has announced the commercial deployment of its HIVE BuzzMiner, a powerful tool for efficient and cost-effective cryptocurrency mining. 

Over 1,500 machines have been deployed globally in data centers in Canada and Sweden, meeting expected performance targets. HIVE's initial production run for 2022 is set at 5,800 units but the company retains the option to produce more in the future, depending on market conditions. 

This is a significant milestone for HIVE and the industry as a whole, demonstrating the company's ability to innovate and execute in the blockchain space.

Frank Holmes, Hive Executive Chairman, stated: "HIVE has always sought to innovate as a technology company. Being the first public crypto miner, the first to be green energy focused, the first to mine both Bitcoin & Ethereum, and the first to own and build data centers, we are now very pleased to be the first public crypto miner to deploy its own ASIC mining rig. I am very proud of the hard work of our team."

Aydin Kilic, President & COO of HIVE, added, "The HIVE BuzzMiner is a high quality and robust machine and we are very pleased with the finished product.”

HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry.

Shares of Hive Blockchain trade on the NASDAQ under the ticker symbol HIVE.