Mr. Frank Holmes reports
HIVE BLOCKCHAIN PROVIDES EXPANSION UPDATE AND NEW NASDAQ TICKER
Hive Blockchain Technologies Ltd. has provided its investors with an update on its data centre construction in New Brunswick, and its Nasdaq ticker will be changing to HIVE.
Construction is in full throttle with the company's Canadian expansion, which will enable Hive to deploy an additional 20 megawatts of green and clean bitcoin mining before the end of calendar 2021, with an additional 20 megawatts on schedule to come on-line within first quarter of calendar 2022. The company expects this expansion to add over 900 petahashes per second to its bitcoin production and enables Hive to hodl more virgin coins.
Hive is very pleased to announce that, effective Sept. 14, 2021, on the Nasdaq Capital Markets Exchange, 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 [United States] 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 Frank Holmes, executive chairman of Hive.
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 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.
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