Bitcoin (BTC) mining analyst Jaran Mellerud estimated that the Ethereum (ETH) merge might have led to a 40% drop in Hive Blockchain’s revenue. Hive just lost its ether mining cash cow. I estimate its revenues to have fallen by 40% due to “the merge”. pic.twitter.com/1vq0U6EUze — Jaran Mellerud (@JMellerud) December 5, 2022 Mellerud highlighted that…