Hive Blockchain (TSX.V:HIVE), a publicly listed cryptocurrency mining company has announced that it’s now in the process of expanding its GPU-based Ethereum mining farm in Sweden. The firm says the move will enable it to increase its Ethereum mining production by as much as 20 percent, according to a press release.
While Ethereum’s Vitalik Buterin and other members of the ecosystem are hard at work trying to transition the smart contracts blockchain from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm, HIVE Blockchain remains unfazed, as it’s now focused on strengthening its current GPU-based crypto mining facility to enable it to mine more ether (ETH).