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Hive Blockchain Technologies Ltd
Symbol HIVE
Shares Issued 384,643,413
Close 2021-10-04 C$ 3.56
Market Cap C$ 1,369,330,550
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Hive adds Biggs to Hive Blockchain Switzerland board

2021-10-05 01:40 ET - News Release

Mr. Frank Holmes reports

HIVE BLOCKCHAIN ANNOUNCES APPOINTMENT OF DIANA BIGGS TO HIVE SWITZERLAND BOARD OF DIRECTORS

Diana Biggs, chief executive officer of Valour Inc. and incoming chief strategy officer of Defi Technologies Inc., has joined the board of directors of Hive Blockchain Switzerland AG. She will join recently appointed Hive Sweden president and board member Johanna Thornblad on the board of Hive Switzerland.

Ms. Biggs is a seasoned executive who brings deep experience in digital assets, technology and financial services. She is associate fellow with Said Business School, University of Oxford, where she guest lectures on digital assets and blockchain technology. Prior to joining Valour, she was global head of innovation for HSBC Private Banking. Prior roles include vice-president, head of growth and partnerships, at Uphold, chief strategy officer of Soko and management consultant with Oliver Wyman Financial Services.

She is passionate about using technology for building inclusive and sustainable financial services through decentralized networks. She was appointed CEO of Valour, a division of Defi Technologies, in November, 2020. Valour offers exchange-traded products that allow investors to take concentrated positions in defi project tokens through a traditional brokerage account, with low or no management fees.

Valour currently offers ETNs in Europe that allow investors to gain exposure to digital assets, including solana (SOL), cardano (ADA), ethereum (ETH), polka dot (DOT) and bitcoin (BTC). In September, Valour surpassed $200-million (U.S.) in assets under management, up 2,000 per cent in 2021.

Hive's strategic investment in Defi Technologies

In April of 2021, Hive completed a share swap transaction with Defi Technologies, giving Hive approximately 5-per-cent ownership of Defi Technologies in exchange for approximately 1 per cent of Hive's shares.

Hive executive chairman Frank Holmes welcomed Diana to the Hive Switzerland board, saying: "We're thrilled to have Diana on board. She brings deep defi experience to the table and will be instrumental in helping to guide our future efforts in this exciting space."

Ms. Biggs echoed Mr. Holmes's sentiment, saying, "I'm excited to further our partnership with Hive, while working closely with Johanna on future opportunities in the defi space."

About Hive Blockchain Technologies Ltd.

Hive Blockchain went public in 2017 as the first cryptocurrency mining company with a green energy and ESG (environmental, social and corporate governance) strategy.

Hive is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, it is 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 it sources 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. Its 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 centres and advanced multiuse servers, it believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space. Hive traded over two billion shares in 2020.

About Valour Inc.

Valour issues exchange-listed financial products that enable retail and institutional investors to access investment in disruptive innovations, such as digital assets, in a simple and secure way. Established in 2019 and based in Zug, Switzerland, Valour is a wholly owned subsidiary of Defi Technologies.

About Defi Technologies Inc.

Defi Technologies is a digital asset investment firm, bridging the gap between traditional capital markets and decentralized finance. Its mission is to expand investor access to industry-leading decentralized technologies and the future of finance. It believes that decentralized technologies lie at the heart of financial innovation. On behalf of shareholders and investors, it identifies opportunities and areas of innovation, and builds and invests in new technologies and ventures to provide diversified exposure across decentralized finance. As a trusted partner for its clients and investors, it provides industry-leading products and top-quality research and education in this fast-growing space.

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