News

HIVE Blockchain Completes Acquisition of 30 MW Cryptocurrency Operation in Canada

April 08, 2020

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) is pleased to announce that it has completed its previously announced acquisition (the “Acquisition”) of a dedicated cryptocurrency mining operation with access to 30 megawatts (“MW”) of low cost green power at a leased facility located in Lachute, Quebec (the “Facility”) from Cryptologic Corp. (“Cryptologic”).

The purchase price of approximately C$4.0 million was satisfied through C$1,000,000 …

Read more

HIVE Blockchain Doubles Global Mining Capacity with Acquisition of 30 M/W Bitcoin Operation in Canada

March 30, 2020

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) is pleased to announce that it has signed a definitive agreement (the “Agreement”) to acquire a dedicated cryptocurrency mining operation with access to 30 megawatts (“MW”) of low cost green power at a leased facility located in Lachute, Quebec (the “Facility”) from Cryptologic Corp. for a total purchase price of approximately C$4.0 million (the “Acquisition”). Pursuant to …

Read more

HIVE Blockchain Requests Cease and Desist from new Steem Community Hard Fork Using Same Name

March 23, 2020

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) announced today that its legal representation has requested that a new blockchain cease and desist from using the name Hive and Hive Blockchain for its new hard fork of the Steem blockchain (the “Blockchain”).[i] [ii]

In response to multiple shareholder inquiries understandably confused by this Blockchain’s announcement, HIVE clarifies that it has no …

Read more

HIVE Blockchain Announces >20% Expansion of Ethereum Mining Facility in Sweden

March 06, 2020

Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) is pleased to announce that it has initiated an expansion of its flagship GPU-based digital currency mining facility in Sweden. The expansion is anticipated to result in a more than 20% increase in the facility’s Ethereum mining production capabilities while improving its gross mining margin profile by leveraging the existing fixed cost base at …

Read more

HIVE Blockchain Reports Third Quarter Financial Results

March 03, 2020

Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) announces its results for the third quarter ended December 31, 2019 (all amounts in US dollars, unless otherwise indicated).

“I am pleased to report a healthy profit in the third fiscal quarter driven by our ongoing efforts since the end of 2018 to increase transparency, accountability and profitability across our mining operations,” …

Read more

HIVE Blockchain Updates on Anticipated Cost Reductions; Announces RSU and Option Grants

February 10, 2020

Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) is pleased to announce that it now anticipates an approximately 40% reduction in the Company’s operating and maintenance costs at its GPU mining facility in Sweden, compared to such costs under its previous service provider agreement which it ended in November, 2019.

The updated cost reduction figure is higher than the approximately 25% …

Read more

HIVE Blockchain Announces >20% Increase in Ether Coins Mined Daily

January 14, 2020

Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) is pleased to provide the following operational update. The Company announces that it has experienced a more than 20% increase in newly minted Ether coins mined daily compared to its exit run rate for the last 15 days in December 2019.

The improvement has occurred since the Company completed the recent Ethereum network …

Read more

HIVE Blockchain Shareholders Approve Resolutions at Shareholder Meeting

December 19, 2019

Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) is pleased to announce that all resolutions considered at its 2019 annual meeting of shareholders on December 18, 2019 were approved overwhelmingly by its shareholders. The resolutions approved by the shareholders present in person or represented by proxy at the meeting were:

  • All director nominees were duly elected or re-elected to HIVE’s …
Read more

HIVE Blockchain Reports Second Quarter Financial Results

December 02, 2019

Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) announces its results for the second quarter ended September 30, 2019 (all amounts in US dollars, unless otherwise indicated).

“I am pleased to report a healthy second fiscal quarter of positive free cash flow contributing to an already strong balance sheet and continued progress in restructuring our operations to ensure sustainable future …

Read more

HIVE Blockchain Announces Completion of Transition to Blockbase in Sweden

November 07, 2019

Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the “Company” or “HIVE”) is pleased to announce that it has completed its announced transition of the Company’s GPU chips in Sweden to Blockbase Group DWC-LLC (“Blockbase”) from Genesis Mining (“Genesis”), pursuant to the Company’s strategic partnership with Blockbase signed in August.

Frank Holmes, HIVE’s Interim Executive Chairman, said: “We have successfully taken full control of our …

Read more