August 13, 2021

HIVE Blockchain Orders 1,800 High Performance Miners From Bitmain and Provides Biweekly Status 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) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce that it has ordered 1,800 Antminer S19j Pro miners from Bitmain Technologies Ltd. (“Bitmain”).  These new miners have an aggregate hash power of 180 Petahash per second (PH/s).

Miner Purchase

HIVE is proud to reconnect with Bitmain one of the leading manufacturers in our industry and is excited to make this initial order of S19j Pro miners from Bitmain. These 1,800 miners are the first of our 2022 mining purchase program and will be delivered in 6 equal tranches of 300 miners, commencing in January 2022 through June 2022.

“We are constantly upgrading our ASIC fleet to have the most efficient miners we can buy from cash flow,” Frank Holmes, Executive Chairman of HIVE continued, “This purchase with Bitmain enables us to maintain our strategy to diversify the manufacturers we purchase from.  Over the past year, we have been expressing our concerns about global shortages in chips and logistics delays in shipping equipment from Asia due to Covid 19.  We have deep relationships Bitmain, MicroBT and Canaan which are all top global manufacturers in our industry.”

Today’s miner purchase announcement is a continuation of our monthly strategy to increase our bitcoin mining capacity.  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.

Biweekly Status Update

HIVE is also announcing that it expects to file its annual financial statements and accompanying management’s discussion and analysis for the financial year ended March 31, 2021 (collectively, the “Annual Filings”), on or before August 26, 2021.  The operational and reporting challenges associated with our global multi jurisdictional organization are being resolved for timely reporting in the future.  This means the board and management are in a black out period and can not trade in the shares until the year end audited numbers have been filed.

HIVE management confirms that it is working diligently to meet the Company’s obligations relating to its Annual Filings and that, since it announced a delay of its Annual Filings (the “Filings Notice”) there is no material change to the information set out in the Filings Notice that has not been generally disclosed and there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203. While subject to the MCTO, the Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly status reports until it has satisfied the necessary filing requirements.

HODL Update

Presently we have 25,000 ETH in cold wallets and 875 BTC.  We are continuing to HODL all our bitcoins which have been mined with green energy. Our current inventory of coins invested in BTC and ETH are valued at $100 million.  As mentioned in our previous press release, our annual run rate at today’s bitcoin prices and difficulty is approximately $220 million. Our next milestone is to hit 1 Exahash in BTC mining by the end of this month.

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.

HIVE is a growth-oriented technology stock in the emergent blockchain industry.  As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.  Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC.  Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.  HIVE traded over 2 billion shares in 2020.

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

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

August 19, 2021

HIVE Blockchain Announces The Appointment of Aydin Kilic as President and Chief Operating Officer

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) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce today that the Company has appointed Mr. Aydin Kilic as President and Chief Operations Officer. He will report to Executive Chairman Mr. Frank Holmes while overseeing all operational activities, across our facilities in Canada, Iceland and Sweden.

“I have known Aydin for the past 3 years and have found his knowledge and experiences in Bitcoin mining and Data Center Management invaluable” said Executive Chairman Frank Holmes.  

Aydin Kilic has a 20-year career as an entrepreneur and electrical engineer with expertise in cryptocurrency, capital markets, real-estate development and scientific research. Mr. Kilic founded Fortress Blockchain Corp. in 2017 a Canadian public company in the blockchain industry mining BTC. Further, Aydin Kilic will bring to the Hive team a comprehensive understanding of Canadian securities laws, public company audit demands, ESG investing and exchange rules governing publicly traded crypto mining companies. Further, Mr. Kilic has both a degree in Electrical Engineering and deep experiences in the Bitcoin mining ecosystem.

Additionally, Mr. Kilic lead real-estate development projects valued at over $150 million CAD through large re-zoning and permitting processes. He has secured over $100 million in project and construction financing from Canadian banks, in addition to overseeing the successful acquisition of over $100 million of real property transactions. Prior to this, Mr. Kilic worked professionally as a radio frequency (RF) engineer at Sierra Wireless, where he conducted research in electromagnetic science and worked in product development of compact broadband antennas for wireless wide area network (WWAN) cellular devices, collaborating globally with leading test laboratories in France and California.

Mr. Kilic holds a degree in Engineering Science (Honours) from Simon Fraser University, having specialized in high-frequency electronics and time-variant 3D electromagnetics. In addition, he holds a black-belt in martial arts. 

Mr. Kilic’s has a diverse background and a tremendous amount of accumulated experience and expertise which will continue to propel HIVE forward during these periods of rapid growth. We look forward to welcoming him aboard. 

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.

HIVE is a growth-oriented technology stock in the emergent blockchain industry.  As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.  Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC.  Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.  HIVE traded over 2 billion shares in 2020.

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

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

August 24, 2021

HIVE Blockchain Announces Mrs. Johanna Thörnblad’s Appointment to Position of Sweden Country President

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) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce Mrs. Johanna Thörnblad to the position of Country President in Sweden for the Company’s two Swedish Data Centres, Bikupa Datacenter AB and Bikupa Datacenter 2 AB.

In March 2021, Johanna Thörnblad was appointed as Managing Director of the Company’s two Swedish subsidiaries, Bikupa Datacenter AB and Bikupa Datacenter 2 AB (“Bikupa Datacenters”).  Originally from Sweden, but with an extensive international career, Mrs. Thörnblad has more than twenty years of management and global corporate strategy and communications experience and held leadership positions in marketing, communication, investor relations and media relations for companies such as Fidelity Investments and U.S. Global Investors, Inc. (NASDAQ: GROW) where she also held series 7 and 24 securities licenses.  Recently, and prior to joining HIVE, Mrs. Thörnblad was Managing Director of the Spanish luxury textile brand Teixidors.

As President for the Company’s Bikupa Datacenters, Mrs. Thörnblad will bring demonstrated success and lead the Company in strengthening its Nordic partnerships, strategic planning, execution and communication to further HIVE’s leadership and renowned reputation as the first and only 100% green energy crypto mining company.  Additionally, this position is key to forming new local strategic partnerships in order to expand HIVE’s current 33 megawatt capacity in the country while extending the Company’s commitment to its already solid ESG strategy.

“I have known Johanna for over 30 years and she brings unique capital market skills, global work experience with deep roots in Sweden and a competitive spirit.” said Executive Chairman Frank Holmes.

Mrs. Thörnblad holds an MBA from University of Chicago Booth School of Business and a BA in Psychology (Cum Laude) from Kent State University where she played Div. 1 basketball while also being recognized as an All American Student Athlete.  Mrs. Thörnblad is also a mother of two young boys, she speaks English, Spanish, Swedish and Catalan and is a marathon runner and her personal best (3:32) at the Boston Marathon.

To-date Mrs. Thörnblad has served as member of the board of the Company’s Swedish and Icelandic operations.  We are proud to now have Mrs. Thörnblad as Country President in Sweden and leading the HIVE team in its Nordic operations.

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.

HIVE is a growth-oriented technology stock in the emergent blockchain industry.  As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.  Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC.  Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.  HIVE traded over 2 billion shares in 2020.

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

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

August 27, 2021

HIVE Blockchain Achieves 1 Exahash in Bitcoin Mining

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) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce that today it will achieve its previously announced target of 1 Exahash per second (EX/s) of Bitcoin mining hashrate.

1 Exahash Bitcoin Production Target Achieved

HIVE is proud to announce that our global hash rate from Bitcoin mining will exceed 1 EX/s today.  Over the past 24 hours in Canada the Company has received deliveries of 1,845 Bitcoin miners with a total hashrate of 172 Petahash per second.  These miners will be deployed between our 2 Canadian data centres.  945 miners will be located in Lachute, Quebec and 900 miners Grand Falls, New Brunswick.

“This is a monumental achievement for us as we continue to our goal of over 3 EX/s by the end of fiscal 2022, including the conversion of ETH, a goal which is greatly supported by today’s announcement of new miner deliveries,” Frank Holmes, Executive Chairman of HIVE continued, “This achievement has been challenging because of the global shortages in chips and logistics delays in shipping equipment from Asia due to Covid 19.”

These recent miner deliveries are a result of our strategy to increase our bitcoin mining capacity which includes the sourcing of mining equipment from leading industry manufacturers.  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.

Our strong hashrate from both Bitcoin and Ethereum is resulting in a daily income of over $600,000, or an annual run rate of $220 million, based on the current difficulty, global hash rates, and Bitcoin and Ethereum prices, with estimated annual expenses of $25 million.  As expansion continues to ramp up this number will increase.  As always, we caution our investors that Bitcoin and Ethereum continue to have a high daily volatility of plus or minus 6% and investors need to be aware of this volatility.  Our current inventory of coins invested in Bitcoin and Ethereum are valued at $116 million.

BTC Production Trend and HODL Update

Presently we hold 946 Bitcoin 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
May 2021    73 BTC
June 2021    86 BTC
July 2021    200 BTC

We will report on our August 2021 Bitcoin production in an upcoming press release after the month has ended.

Biweekly Status Update

HIVE is also announcing that it expects to file its annual financial statements and accompanying management’s discussion and analysis for the financial year ended March 31, 2021 (collectively, the “Annual Filings”), on or before September 16, 2021.  As a result of the delayed Annual Filings the Company will have a delay in the filing of its interim financial statements, management’s discussion and analysis, and the related certifications for the period ended June 30, 2021 (“Interim Filings”), which have a filing deadline of August 30, 2021.  HIVE will continue to provide biweekly status updates on the delay of filing its Annual Filings and Interim Filings.  This means the board and management are in a black out period and can not trade in the shares until the Annual Filings and the Interim Filings have been filed.  “Like most shareholders I am very disappointed and dissatisfied with the time delays and promise this will not happen again. I will undertake to change processes to fast track more timely audits for all financial reporting periods once the year end and interim results are filed.” said Frank Holmes.  “We will work to reconfigure the financial reporting process with all the different jurisdictions that we operate in” stated Darcy Daubaras, CFO of HIVE.

HIVE management confirms that it is working diligently to meet the Company’s obligations relating to its Annual Filings and that, since it announced a delay of its Annual Filings (the “Filings Notice”) there is no material change to the information set out in the Filings Notice that has not been generally disclosed and there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203. While subject to the MCTO, the Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly status reports until it has satisfied the necessary filing requirements.

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.

HIVE is a growth-oriented technology stock in the emergent blockchain industry.  As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.  Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC.  Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.  HIVE traded over 2 billion shares in 2020.

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

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

September 8, 2021

HIVE Blockchain Orders 3,000 MicroBT High Performance Bitcoin Miners and Mines it’s 1,000th Green and Clean Bitcoin to HODL

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) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce that it has ordered 3,000 premium MicroBT WhatsMiners with a total hashrate of 294 Petahash per second (PH/s), with an average efficiency of approximately 34 Watts per Terahash (W/TH), additionally the Company now has HODL over 1,000 Bitcoins in its cold wallets. The Company notes that 294 PH/s would generate approximately 67 Bitcoin per month based on current difficulty levels.

Currently the Company has over 1 Exahash of Bitcoin mining capacity operating, which produces over 225 Bitcoin per month on a run-rate basis at current difficulty levels.  The Company believes the difficulty will continue to rise.

Miner Purchase

HIVE is proud to continue its relationship with MicroBT through the purchase of 3,000 WhatsMiner miners which will be a mixture of M30S, M30S+ and M30S++ machines.  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 each 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 has been remarkable. As a result, we are able to increase our 2022 run-rate revenue by almost 25% 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 buy 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.

BTC HODL and Production Update

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

Review of Operations

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.”
 
At-the-Market Offering

Pursuant to the ATM Equity Program, as required pursuant to National Instrument 44-102 – Shelf Distributions and the policies of the TSX Venture Exchange (“TSXV”), the Company announces that, since the beginning of the program on February 3, 2021 to its year end of March 31, 2021, it has issued an aggregate of 16,363,500 common shares (the “ATM Shares”) over the TSX-V, for aggregate gross proceeds to the Company of C$81,726,621. The ATM Shares were sold at prevailing market prices, for an average price per ATM Share of C$4.99. Pursuant to the Equity Distribution Agreement associated with the ATM Equity Program (the “EDA”), a cash commission of US$1,936,292 on the aggregate gross proceeds raised was paid to the agent in connection with its services under the EDA to March 31, 2021.

Pursuant to the ATM Equity Program, as required pursuant to National Instrument 44-102 – Shelf Distributions and the policies of the TSX Venture Exchange (“TSXV”), the Company announces that, , since the beginning of the program on February 3, 2021 to its first quarter ended June 30, 2021, it has issued an aggregate of 18,741,900 common shares (the “ATM Shares”) over the TSX-V, for aggregate gross proceeds to the Company of C$91,033,090 The ATM Shares were sold at prevailing market prices, for an average price per ATM Share of C$4.83. Pursuant to the Equity Distribution Agreement associated with the ATM Equity Program (the “EDA”), a cash commission of US$2,162,919.86 on the aggregate gross proceeds raised was paid to the agent in connection with its services under the EDA to June 30, 2021.

Pursuant to the EDA, the Company may, from time to time, sell up to US$100 million of common shares in the capital of the Company. The Company intends to use the net proceeds of the ATM Equity Program, if any, principally for general corporate and working capital requirements, funding ongoing operations, to repay indebtedness outstanding from time to time, to complete future acquisitions, or for other corporate purposes.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The Common Shares referred to in this news release may not be offered or sold in the United States absent registration or an applicable exemption from registration.

September 10, 2021

HIVE Blockchain Orders 2,292 M30S+ MicroBT High Performance Bitcoin Miners

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce that it has ordered 2,292 M30S+ premium MicroBT WhatsMiners with a total hashrate of 229 Petahash per second (PH/s), with an average efficiency of approximately 34 Watts per Terahash (W/TH). The Company notes that 229 PH/s would generate approximately 52 Bitcoin per month based on current difficulty levels.

Miner Purchase

HIVE is proud to continue its relationship with MicroBT through the purchase of 2,292 M30S+ WhatsMiner miners.  These 2,292 miners will be delivered in 6 equal tranches of 382 miners during calendar 2022 commencing in July and ending in December.  This will increase our global hash rate by 38.2 PH/s each delivery month.

Frank Holmes, Executive Chairman of HIVE said, “We only use green energy sourced from Geo-thermal and Hydro electricity to mine our Bitcoins, thus we do not need to buy expensive carbon credits.”

This purchase brings the total to 5,292 MicroBT miners with a total mining capacity of 523 PH/s announced just this week.  We will continue our 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.

Biweekly Status Update

HIVE is also announcing that it expects to file its annual financial statements and accompanying management’s discussion and analysis for the financial year ended March 31, 2021 (collectively, the “Annual Filings”), on or before September 16, 2021.  As a result of the delayed Annual Filings the Company will have a delay in the filing of its interim financial statements, management’s discussion and analysis, and the related certifications for the period ended June 30, 2021 (“Interim Filings”), which have a filing deadline of August 30, 2021.  HIVE will continue to provide biweekly status updates on the delay of filing its Annual Filings and Interim Filings.  This means the board and management are in a black out period and can not trade in the shares until the Annual Filings and the Interim Filings have been filed.

HIVE management confirms that it is working diligently to meet the Company’s obligations relating to its Annual Filings and that, since it announced a delay of its Annual Filings (the “Filings Notice”) there is no material change to the information set out in the Filings Notice that has not been generally disclosed and there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203. While subject to the MCTO, the Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly status reports until it has satisfied the necessary filing requirements.

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.

HIVE is a growth-oriented technology stock in the emergent blockchain industry.  As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.  Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC.  Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.  HIVE traded over 2 billion shares in 2020.

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

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

September 13, 2021

HIVE Blockchain Provides Expansion Update and New Nasdaq Ticker

Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce provide its investors with an update on its data center construction in New Brunswick and that its Nasdaq tricker will be changing to “HIVE”.

Expansion Update

Construction is in full throttle with our Canadian expansion which will enable HIVE to deploy an additional 20MW of green and clean Bitcoin mining before the end of calendar 2021, with an additional 20MW on schedule to come online within first quarter of calendar 2022.  We expect this expansion to add over 900 Petahash per second to our Bitcoin production and enable HIVE to HODL more virgin coins.

Nasdaq Ticker

HIVE is very pleased to announce that effective Tuesday September 14, 2021, on the Nasdaq’s Capital Markets Exchange that the Company’s ticker will be changing from “HVBT” to “HIVE”.  “I am thrilled that we will make it much easier for Hive Blockchain technology investors and traders in both Canada and the US to have only one ticker. We are very thankful to NASDAQ in assisting us with acquiring the original symbol “HIVE” that relates to our name.  This is important in branding and positioning our name in the minds and hearts of investors and traders as the first crypto mining company and only mining with green energy,” said Mr. Frank Holmes, Executive Chairman of HIVE.

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.

HIVE is a growth-oriented technology stock in the emergent blockchain industry.  As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.  Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC.  Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.  HIVE traded over 2 billion shares in 2020.

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

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

Welcome to The HIVE Newsletter

NASDAQ: HIVE |  TSXV: HIVE

Welcome to The HIVE Newsletter. We’re launching this letter to keep shareholders, and prospective investors, informed about what’s going on at HIVE.

We’ll be discussing:

• News
• Strategy
• Operations
• Crypto reserve (HODL) update

This week, let’s talk about our data center and mining strategy.

Why We Own Data Centers + Mining Update

A data center is just a secure building where computer servers are stored. We use data centers to mine cryptocurrency. HIVE currently operates 5 data center campuses, where we are mining Bitcoin and Ethereum. These facilities are in Canada, Sweden, and Iceland. Soon we will be testing a high performance computing (HPC) cloud hosting operation.

At our largest data center campus in New Brunswick, Canada, where we own the land, we are currently building expansions from the ground-up (“greenfield expansions”), which will provide 40 megawatts (“MW”) of data center capacity. This 40 MW is being built in two phases of 20 MW each, which will be completed in Q4 2021 and Q1 2022. HIVE already has 30 MW completed buildings operating at this data center campus in New Brunswick. Upon completion of our construction project here, this data center campus will be 70 MW total, owned and operated by HIVE, one of the largest crypto data center campuses in Canada! Here are some recent pictures of the current 20MW building going up at the site (in the background you can see the existing buildings):

Many of our competitors choose to host their machines at someone else’s data center. We started out doing that, but are now diversifying. We announced the purchase of GPU Atlantic Inc. from GPU.ONE, a leading Canadian data center provider, in April of 2021. That purchase included the New Brunswick Bitcoin mining data center campus, originally expected to be 50 MW of total capacity at time of acquisition, which has since been expanded to a total future capacity of 70MW under HIVE’s leadership.

A 50 MW data center complex is large. It requires a powerful substation to handle the electrical load, and then a series of transformers to convert the electricity to usable voltages. Here’s what HIVE’s 50MW substation looks like in New Brunswick.

Once New Brunswick Building #3 is live, which we expect to happen around November 2021, we’ll be operating 3 data center buildings powered by 50MW. HIVE is also preparing the infrastructure for Building #4 which will provide an additional 20MW (which will require an additional substation), which will bring the campus total to 70MW in calendar Q1 2022.

Here’s what HIVE Executive Chairman Frank Holmes said when we confirmed the purchaseof GPU Atlantic Inc. in February of 2021.

"This is an important strategic acquisition for HIVE that diversifies our business significantly and adds one of the industry's top data centre operators to our ranks, at an opportune time, and at an attractive valuation for our shareholders," said Frank Holmes, Executive Chairman of HIVE. 

"The Acquisition provides us with full ownership of a state of the art and operational Bitcoin mining data centre ready to deploy our incoming next generation bitcoin mining hardware with access to some of the lowest electricity costs in the industry.”

"Additionally, this Acquisition further enables HIVE to continue in its objective of having control of its destiny, including significant capacity for expansion and flexibility for our future operations. We now have a 50 MW data center campus to build up and a home for our new generation Bitcoin miners. We are also very excited about integrating new members of the GPU One team into our ranks and deploying their in-house mining management software into our operations on a global scale," added Mr. Holmes.

As Frank mentioned, with the acquisition of GPU Atlantic Inc., we also brought on an experienced team of data center and crypto mining experts onto the HIVE team.

Owning and operating data centers is key to our long-term strategy. For one thing, we don’t have to worry about landlords raising the rent at these facilities. And we can choose locations with access to some of the cheapest, greenest, and cleanest power in the world. All of our data centers are powered by clean, low-cost hydroelectric or geothermal power.

Watch HIVE’s newly-appointed President and COO Aydin Kilic explain why owning the data centers is critical in this recent YouTube interview with The Deep Dive. He dives into the value of owning data center campuses, and our construction pipeline. He also explains our crypto reserve policy, and much more.

Data centers are in record demand around the world. Especially since China shut down its domestic crypto mining industry in June of 2021. More than 50% of the entire Bitcoin mining network was based in China, and now all that equipment is looking for new homes.

HIVE Board member Dave Perrill, co-founder and CEO of Compute North, a leading cryptocurrency mining colocation firm, was quoted in a June 28 article by CoinDesk on the phenomenon.

“We’re seeing a ton of inbound requests from Chinese-based mining companies that are looking to relocate to North America and are looking to do it urgently,” said Perrill. “We’re receiving over a hundred megawatts of requests per day.”

Owning data centers also gives the company optionality in a few ways. For example, if there’s another crypto winter, we could offer hosting while still mining with our own machines, and holding as many of the coins mined as possible.

We believe owning data centers is an excellent way to build long-term value for shareholders. HIVE will be launching a pilot program to test high performance computing (HPC) cloud hosting as a service in the near future. Read more about the company’s HPC strategy in our July 2 update.

At the same time that HIVE is expanding its data center operations, it continues to ramp up crypto mining production. In June we announced the purchase of 3,019 high performance Bitcoin miners from Foundry Group, as covered in Bitcoin Magazine.

And on July 30 we announced a purchase of 4,000 new generation Bitcoin miners. We also continue to have miners roll in from previous orders, and are installing them as fast as possible. Here are some pictures of newly-installed BTC mining machines at our New Brunswick facility.

Additionally, on August 13 2021, HIVE announced an order of 1,800 high-performance Bitcoin miners from Bitmain.

And on September 8 2021 we announced a purchase of 3,000 high performance Bitcoin miners from MicroBT, which will produce 294 PH/s of Bitcoin mining capacity once installed.

Furthermore, on September 10, 2021, HIVE announced a purchase of an additional 2,292 high performance Bitcoin miners from MicroBT, which will produce 229 PH/s of Bitcoin mining capacity.

The September orders HIVE has secured with MicroBT will add an additional 523 PH/s of Bitcoin mining capacity once all these machines are installed. This represents a 50% increase to our current Bitcoin mining capacity, which is over 1 Exahash (an Exahash is 1,000 Petahashes)!

We’re also ramping up our Ethereum mining production, because we believe the switch to Proof of Stake (PoS) is still a ways off, and we can continue to profitably mine ETH for some time to come. If and when Ethereum switches to Proof of Stake, that’s when we plan to shift our powerful chips from mining ETH, to powering GPU-intensive HPC cloud hosting.

As of July 30, the company was generating around US$550,000 in income per day, which translates to a $200 million annual run rate. Check out the July 30 update for more on that.

As of September 2 HIVE is operating at 1 Exahash of Bitcoin mining capacity. Here is our monthly BTC production growth since April, as we recently posted on Twitter.

• April 64 BTC 
• May 73 BTC 
• June 86 BTC 
• July 200 BTC 
• August 234 BTC

We now hold 1,030 BTC, valued at approx $46.35 million at $45k per BTC, as of 9/8/2021.
 

HIVE Buzz

Recent media featuring HIVE Blockchain Technologies.

• HIVE Achieves 1 Exahash in Bitcoin Mining, Sets Goal of 3 Exahash by End of Fiscal 2022
• HIVE Appoints Aydin Kilic as President and COO
• Is HIVE the Best Crypto Stock to Buy Now? (Motley Fool Canada)
• Frank Holmes Interviewed By Daniela Cambone of Stansberry Research 
• Crypto Analyst Blonity Interview Frank Holmes (YouTube)
• HIVE Reaches $200 Million Annual Run Rate and Purchases 4,000 Next Generation Miners

Be sure to follow us on Twitter, YouTube, Facebook, and LinkedIn.

Meet the Editor

I’m Adam and I joined HIVE as a consultant in June. My mission is to keep investors and followers informed about what’s happening at HIVE.

A little bit about me: I’m a long-time cryptocurrency investor and believer. I love writing about and investing in alternative assets such as gold, crypto, and private startups. I’ve known Frank and some of the HIVE team for years, and am thrilled to finally be on board.

Cheers,

Adam Sharp

September 21, 2021

HIVE Blockchain Announces Webcast Details for Q4 F2021 Results on Friday September 24, 2021

HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.

HIVE is a growth-oriented technology stock in the emergent blockchain industry.  As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.  Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC.  Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.  HIVE traded over 2 billion shares in 2020

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

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