The TSX Venture Exchange has accepted for filing a purchase and sale agreement dated July 11, 2021, between Hive Blockchain Technologies Ltd. and Foundry Digital LLC, whereby the company has acquired 3,019 cryptocurrency mining machines from the vendor. The company will offset any unpaid invoices for hosting and unracking fees payable by the vendor against the cash payment. As consideration to the vendor, the company will make a cash payment and issue 1.5 million share purchase warrants, whereby the warrants are exercisable for one common share of the company at a price of $3.11 for a two-year period.
For more information, refer to the company's news release dated July 12, 2021.
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