HIVE Digital Technologies Ltd. Common Shares - HIVE STOCK NEWS

HIVE Blockchain Technologies Ltd. announces its results for the full year ended March 31, 2023. Revenue was $106.3 million with a gross operating margin of $50.4 million. The Company grew its Bitcoin mining ASIC hashrate by 50% and mined 3,258 Bitcoin. Net loss was $236.4 million due to non-cash impairments. HIVE made progress in the HPC business marketplace, generating $230,000 revenue with 500 GPU cards.

HIVE Blockchain Technologies Ltd. reported March 2023 production figures, achieving a total of 282 Bitcoin produced, averaging 9.1 BTC daily. The company maintains a HODL balance of approximately 2,310 BTC, with a mining capacity of 3.36 EH/s at the end of the month. HIVE's average hashrate stood at 3.09 EH/s, reflecting a 12% month-over-month increase. The Bitcoin network difficulty surged from 43.1T to 46.8T, highlighting the competitive mining landscape. Executive remarks indicated a notable 14% increase in average daily HPC income compared to February.

HIVE Blockchain Technologies has filed a preliminary short form base shelf prospectus to replace its prior one, expiring on February 27, 2023. This new prospectus allows HIVE to offer up to USD $100 million of various securities over a 25-month period, facilitating access to capital as needed. The company also terminated a corresponding registration statement with the U.S. SEC. Additionally, Ian Mann has retired from his position as director, with Executive Chairman Frank Holmes thanking him for his service. The prospectus is not an offer to sell securities until it becomes effective.

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) announced a delay in filing its interim financial statements for the quarter and nine months ended December 31, 2022, due to an unforeseen tax notice related to a European subsidiary. The Company now aims to file these documents by February 28, 2023. To comply with regulatory requirements, HIVE applied for a management cease trade order (MCTO), preventing its CEO and CFO from trading shares until the filings are complete. HIVE emphasized its commitment to improving financial processes, while maintaining its operations across multiple jurisdictions to access low-cost green energy.

HIVE Blockchain Technologies Ltd. has announced an at-the-market offering agreement with H.C. Wainwright & Co. for an equity offering program of up to US$100 million. The proceeds will support HIVE's mining operations and working capital needs. A cash commission of 3% will apply to gross proceeds. Sales will occur at prevailing market prices on the Nasdaq Capital Market and will not be made on Canadian exchanges. No shares have yet been issued under this program, and the Registration Statement with the SEC is pending effectiveness.

HIVE Blockchain Technologies Ltd. has announced the approval of 415,200 stock options and 1,425,280 restricted share units (RSUs) to employees and consultants, aimed at rewarding contributions and promoting future performance. The stock options are exercisable at C$5.66 per share for five years, while the RSUs vest over 24 months. Before these grants, HIVE had approximately 82.2 million common shares issued. The grants are subject to the company's Stock Option Plan and Restricted Share Unit Plan, re-approved by shareholders in December 2021.

HIVE Blockchain Technologies Ltd. has reported its July 2022 production figures, achieving 279.9 BTC and 2,957 ETH. The company’s Bitcoin HODL balance stands at 3,091 BTC and 6,820 ETH as of August 4, 2022. Mining capacity increased to 2.26 Exahash for Bitcoin and 6.49 Terahash for Ethereum. The average production equated to 15.0 Bitcoin Equivalent per day. The company also navigated high energy costs in New Brunswick while maintaining profitable mining operations.