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 …
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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 …
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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 …
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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 …
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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,” …
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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% …
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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 …
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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 …
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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 …
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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 …
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