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The Company, HIVE Blockchain Technologies, announced a delay in filing its audited financial statements, CEO and CFO certifications, and management discussion for the year ending March 31, 2022. These filings, originally due on June 29, 2022, are now expected by July 15, 2022. This delay is attributed to challenges from a recent NASDAQ listing and rapid business growth. As a precaution, HIVE has requested a temporary trading prohibition for certain insiders until filings are completed, impacting only those individuals.
HIVE Blockchain Technologies Ltd. (TSX.V:HIVE, Nasdaq:HVBT) has filed a revised annual information form (AIF) for the financial year ending March 31, 2021. The revisions, requested by the British Columbia Securities Commission, include updates on material change reports and enhanced disclosures regarding the company's business and cryptocurrency custodial services. HIVE emphasizes its strong cash position and ongoing business operations amidst the digital currency landscape. The company owns state-of-the-art, green energy-powered data centers for mining Ethereum and Bitcoin.
HIVE Blockchain Technologies Ltd. (Nasdaq: HVBT) has achieved a significant milestone, surpassing a mining hashrate of 1 Exahash per second (EX/s) for Bitcoin mining. This accomplishment coincides with the arrival of 1,845 Bitcoin miners, adding 172 Petahash per second to its capacity, with plans to reach over 3 EX/s by fiscal 2022. HIVE reports a daily income exceeding $600,000, with annualized revenue projected at $220 million and expenses of $25 million. Despite challenges in equipment delivery and filing delays for financial statements, management assures commitment to resolve these issues.
HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) has announced it achieved a Bitcoin mining hashrate of 1 Exahash per second (EX/s), fulfilling its target ahead of schedule. This milestone was supported by the delivery of 1,845 new Bitcoin miners, increasing its mining capacity significantly. HIVE reported a daily income exceeding $600,000, with an annual run rate projected at $220 million and annual expenses around $25 million. However, the company has encountered delays in filing its annual financial statements, causing a blackout period for executives regarding trading.
HIVE Blockchain Technologies has appointed Johanna Thörnblad as the Country President for its two Swedish Data Centres, enhancing its leadership in the Nordic crypto mining sector. With over 20 years of global corporate strategy experience, Thörnblad aims to strengthen partnerships and expand the company’s 33 MW capacity while adhering to its sustainability goals. This appointment aligns with HIVE's commitment to being a pioneer in green energy crypto mining.
HIVE Blockchain Technologies Ltd. has appointed Mrs. Johanna Thörnblad as the Country President for its Swedish operations, overseeing the Bikupa Datacenters. Thörnblad brings over 20 years of experience in management and corporate strategy, having held key positions in top firms like Fidelity Investments. Her role will focus on strengthening partnerships and expanding HIVE's green energy-powered data centers in Sweden, which currently have a capacity of 33 megawatts. This appointment reinforces HIVE's commitment to its ESG strategy and leadership in green energy crypto mining.
HIVE Blockchain Technologies Ltd. (NASDAQ:HVBT) has appointed Aydin Kilic as its new President and Chief Operating Officer, effective immediately. Kilic brings over 20 years of experience in cryptocurrency mining and data center management. Previously founded Fortress Blockchain Corp. and has extensive knowledge of Canadian securities laws and public company requirements. This leadership change is expected to enhance HIVE's operational capabilities across its facilities in Canada, Sweden, and Iceland. The company aims to strengthen its position in the blockchain industry.
HIVE Blockchain Technologies Ltd. has appointed Aydin Kilic as President and Chief Operations Officer, reporting to Executive Chairman Frank Holmes. Kilic brings two decades of experience in cryptocurrency mining, capital markets, and real estate development, having founded Fortress Blockchain Corp. His extensive background includes managing significant projects and complying with Canadian securities laws. HIVE aims to leverage Kilic's expertise to enhance operational activities across its facilities in Canada, Iceland, and Sweden, further solidifying its position in the green energy-focused blockchain sector.
HIVE Blockchain Technologies Ltd. (HVBT) has ordered 1,800 Antminer S19j Pro miners from Bitmain, enhancing its hash power by 180 Petahash per second (PH/s). The miners will be delivered in six tranches starting January 2022. The company plans to utilize cash flow for regular upgrades to its mining equipment. HIVE expects to file its annual financial statements by August 26, 2021. Currently, HIVE holds 25,000 ETH and 875 BTC, valued at $100 million, with a run rate of approximately $220 million.
HIVE Blockchain Technologies Ltd. (NASDAQ:HVBT) announced the order of 1,800 Antminer S19j Pro miners from Bitmain, enhancing its hash power by 180 PH/s. Deliveries will occur in six tranches from January to June 2022. This purchase is part of HIVE's strategy to expand its Bitcoin mining capacity using cash flow. HIVE currently holds 25,000 ETH and 875 BTC valued at $100 million. The company is expected to file its annual financial statements by August 26, 2021, amid operational challenges. HIVE's annual run rate is projected at $220 million, aiming for 1 Exahash in BTC mining by month-end.
