02:58:54 EDT Sun 17 Oct 2021
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Hive Blockchain Technologies Ltd
Symbol HIVE
Shares Issued 380,862,359
Close 2021-08-23 C$ 3.88
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Hive appoints Thornblad as Swedish country president

2021-08-24 02:05 ET - News Release

Mr. Frank Holmes reports


Hive Blockchain Technologies Ltd. has appointed Johanna Thornblad 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, Mrs. Thornblad was appointed as managing director of the company's two Swedish subsidiaries, Bikupa Datacenter and Bikupa Datacenter 2. Originally from Sweden, but with an extensive international career, Mrs. Thornblad has more than 20 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., where she also held Series 7 and 24 securities licences. Recently, and prior to joining Hive, Mrs. Thornblad was managing director of the Spanish luxury textile brand Teixidors.

As president for the company's Bikupa Datacenters, Mrs. Thornblad 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-per-cent-green energy crypto mining company. Additionally, this position is key to forming new local strategic partnerships to expand Hive's current 33-megawatt capacity in the country while extending the company's commitment to its already solid ESG (environmental, social and governance) 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. Thornblad 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 Division 1 basketball while also being recognized as an all American student athlete. Mrs. Thornblad is also a mother of two young boys, and she speaks English, Spanish, Swedish and Catalan. She is a marathon runner, and her personal best is three hours, 32 minutes, at the Boston Marathon.

To date, Mrs. Thornblad has served as member of the board of the company's Swedish and Icelandic operations. The company is proud to now have Mrs. Thornblad as country president in Sweden and lead the Hive team in its Nordic operations.

About Hive Blockchain Technologies Ltd.

Hive Blockchain 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, 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, the company believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space. Hive traded over two billion shares in 2020.

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