• HIVE Blockchain (HIVE) has ordered 3,000 premium MicroBT WhatsMiners increasing the company’s global hash rate by 24.5 PH/s per month
  • HIVE is excited to announce that we currently hold over 1,030 green and clean bitcoins in cold wallet custody
  • HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland
  • HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry
  • HIVE Blockchain Stock opened trading at C$4.21 per share

HIVE Blockchain (HIVE) has ordered 3,000 premium MicroBT WhatsMiners.

These 3,000 miners will be delivered in 12 equal tranches of 250 miners during calendar 2022 commencing in January and ending in December. This will increase our global hash rate by 24.5 PH/s per month.

Frank Holmes, Executive Chairman of HIVE said,

“The continuing work and success that our team has been able to achieve with our strategic partners during these challenging times due to the global shortages in chips and logistics delays in shipping equipment from Asia due to Covid 19 have been remarkable. As a result, we are able to increase our 2022 run-rate revenue by almost 25 per cent with this acquisition, while positioning HIVE to realize a good ROI on capital invested, by making ASIC acquisitions at very attractive $/TH prices, all in pace with the development of our green and clean operating infrastructure. We are not saddled with needing to buy carbon offsets which helps our margins because we are focused on mining by sourcing geothermal and hydroelectric energy.

These miner deliveries are a result of our continuing strategy to increase our Bitcoin mining capacity which includes the sourcing of mining equipment from leading industry manufacturers like MicroBT. HIVE intends to continue to utilize cash flow to make opportunistic investments and upgrade our fleet of BTC and ETH mining equipment on a regular monthly basis.”

HIVE is excited to announce that we currently hold over 1,030 green and clean bitcoins in cold wallet custody.

The company is pleased to provide the following update on its global BTC growth in production for the current 2022 fiscal year:

April 2021 – 64 BTC growth
May 2021 – 73 BTC growth
June 2021 – 86 BTC growth
July 2021 – 200 BTC growth
August 2021 – 234 BTC growth

Mr. Holmes continued,

“I have just travelled with Aydin Kilic our new President and Chief Operating Officer to tour our major Swedish facilities and scout other green energy opportunities. Aydin also visited our operations and strategic partners in Iceland on his way back to Canada. We had very productive meetings with the community leaders in Boden and with the CEO’s for our strategic partners. We will be expanding our Swedish operations by 1 MW immediately in our existing facility located in Boden.”

HIVE is a growth-oriented technology stock in the emergent blockchain industry. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland.

HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry, including the mining of digital currencies. 

HIVE Blockchain Technologies Ltd. (HIVE) opened trading at C$4.21 per share.

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