May 28, 2021

HIVE Announces 10 MW Expansion of Green Energy GPU Data Centre in Sweden, HODL and ESG Update

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021. 

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE:HBF) (the “Company” or “HIVE”) is pleased announce that it has received confirmation from Bodens Energi Nät AB for an additional guaranteed 10 MW of green energy electricity for its GPU data centre in Sweden.  This increase is on top of the previously announced 2 MW expansion on January 28, 2021.  These combined expansions increase the capacity of the facility by over 50% from 21 MW to 33 MW.  Presently we are securing new state of the art performing GPU cards for this expansion.

Ethereum Classic

As previously announced in April of this year, HIVE started mining Ethereum Classic before the prices surged to the current price of US$75 a coin, and continues to mine Ethereum Classic due to its profitability.  We have chosen to mine and sell Ethereum Classic to assist in covering electricity and basic general & administrative costs while saving in cold wallets our Bitcoin and Ethereum production.

Only Crypto Miner Mining Ethereum and Coin Inventory (HODL)

HIVE continues to be a Holder of mined Bitcoin and Ethereum coins and has been banking them in cold wallets.  Our continued strategy is one to continue holding coins, as we feel that it will benefit our shareholders. The current dollar value of our crypto assets is approximately US $79 million (based on US $2,700 Ethereum and US $38,500 Bitcoin) and cash is US $36 million.  The value of the coins have been volatile while our cash position remains stable and healthy.

This HODL strategy has led to the strengthening of our balance sheet and liquidity which is a substantial improvement from where we were a year ago.

ESG Strategy- Bitcoin Mining Council, Michael Saylor and Elon Musk Meeting

Recently there has been substantial volatility due to Elon Musk’s pronouncements and then China’s shut down in Crypto mining. It is great news for the global economy that China is shutting down mining which is mostly from coal generated electricity. Frank Holmes, Executive Chairman said “It was great to participate in the special meeting held on Sunday May 23, 2021 championed by Michael Saylor and special guest Elon Musk along with CEO’s from many of the largest crypto mining companies.”

“The meeting was productive and the bottom line is we agreed to establish a Bitcoin Mining Council to promote education, transparency on sources of energy and accountability for sustainable mining. Further this new organization will strive to standardize energy reporting and set a high bar for ESG standards of care. We believe there is a major macro shift happening and crypto mining is shifting to North America and Europe where executives are more serious and responsible about lowering their carbon footprint.  I was proud that not only were we the first public crypto mining company in 2017 but that we have always had an ESG strategy and a focus on only mining with green energy.  Finally I was pleased to see other CEO’s agree to our goals and would like to thank Michael Saylor for his stewardship and Elon Musk for his ideas and candor.”

Global Logistics and Chip Challenges

As we have mentioned before, the COVID-19 pandemic continues to impact logistics and the supply of miners from Asia. Today’s announcement is part of our continuing strategy to increase our GPU mining capacity. HIVE intends to continue utilizing cash flow to make opportunistic investments in ASIC and GPU new and next generation mining equipment that can provide positive gross mining margins.

June 17, 2021

HIVE Announces Nasdaq Listing

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021. 

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE:HBF) (the “Company” or “HIVE”) is excited to announce today that it has received approval from the Nasdaq Stock Market LLC (“Nasdaq”) to list its common shares on the Nasdaq’s Capital Markets Exchange.  HIVE will retain its listing on the TSX Venture Exchange (TSX.V).

About HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.  We are listed on the TSX.V exchange and our shares will soon trade on the Nasdaq’s Capital Markets Exchange.

HIVE is a growth-oriented company in an emergent industry.  We are building a bridge between the blockchain sector and traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Since the beginning of 2021, HIVE has accumulated the majority of its ETH and BTC coin production, which we hold in secure storage.  Our deployments provide shareholders with exposure to the operating margins of digital currency mining, as well as a portfolio of crypto-coins such as BTC and ETH.  HIVE traded over 2 billion shares in 2020.

For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.

On Behalf Of HIVE Blockchain Technologies Ltd.

“Frank Holmes”
Executive Chairman
 

For further information please contact:

Frank Holmes
Tel: (604) 664-1078

June 18, 2021

HIVE Expands Its Growth Strategy in Sweden by Sourcing More Green Energy

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021. 

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce its recent expansion in Sweden with a 4.6 megawatt (“MW”) facility in the town of Robertsfors. This brings the total capacity in Sweden to more than 33 MW and 133 MW worldwide.

HIVE has installed itself in the historic "Diamond Factory" in the small municipality of Robertsfors in the northern part of the country - consistent with its ESG strategy to invest in cold climate locations with access to stable, low-cost, green, and renewable energy sources.

HIVE has already established itself on the premises and started production in the first hall while planning their data centre expansion with an option for more space as the need for additional capacity arises.

"We are excited to welcome a long-term and serious customer at the factory", said well-known entrepreneur and landlord Mikael Bergmark at BrukEtt. He continues: "HIVE is a world-class company that is leading the way for the blockchain sector with its solid ESG strategy; investing only in areas with green and renewable energy, which is precisely what Robertsfors can offer. We are also pleased to see that several local electricity and construction companies are already working in the facility".

HIVE has been operating in Sweden since 2018 and Executive Chairman Frank Holmes believes that this time and commitment to the country has been worthwhile. "While some companies are struggling to find suitable locations for their entry or expansion in Sweden, HIVE is in the position of choosing among several new opportunities that have been presented to us.  This is a testament to our reputation as a reliable operator." continued Holmes.