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HIVE Blockchain Technologies is set to commence trading on the Nasdaq Capital Markets Exchange under the symbol HVBT starting July 1, 2021. As the first cryptocurrency mining company with a green energy strategy, HIVE aims to bridge the gap between digital currencies and traditional capital markets. The firm operates environmentally friendly data centers in Canada, Sweden, and Iceland, producing Ethereum and Bitcoin. HIVE provides investors exposure to digital currency mining operations and holds significant crypto-assets, aiming for safer investment options.
HIVE Blockchain Technologies Ltd. announces that trading of its common shares will commence on Nasdaq's Capital Markets Exchange under the ticker HVBT on July 1, 2021. As a pioneer in cryptocurrency mining with a focus on green energy, HIVE aims to bridge the gap between digital currencies and traditional markets. The company has significant holdings in Ethereum and Bitcoin, providing investors with a diversified exposure to the cryptocurrency market. HIVE's operational facilities are located in Canada, Sweden, and Iceland, utilizing only green energy for mining.
HIVE Blockchain Technologies Ltd. has expanded its operations in Sweden by establishing a new 4.6 MW facility in Robertsfors, enhancing its total capacity in Sweden to over 33 MW and 133 MW globally. This expansion aligns with HIVE's ESG strategy, focusing on cold climate locations with green, renewable energy. HIVE's Executive Chairman Frank Holmes expressed confidence in the company's standing and expansion opportunities in Sweden, highlighting its reputation as a reliable operator.
HIVE Blockchain Technologies Ltd. announces its approval for listing on the Nasdaq Capital Markets Exchange while retaining its TSX Venture Exchange listing. As a pioneer in cryptocurrency mining with a focus on green energy, HIVE owns advanced data centers in Canada, Sweden, and Iceland, continuously minting digital currencies like Bitcoin and Ethereum. They have accumulated significant ETH and BTC production since early 2021. HIVE traded over 2 billion shares in 2020, showcasing its market activity.
HIVE Blockchain Technologies Ltd. has received approval to list its common shares on the Nasdaq Capital Markets Exchange while retaining its listing on the TSX Venture Exchange. HIVE, a pioneer in cryptocurrency mining with a focus on green energy, went public in 2017 and operates state-of-the-art data center facilities in Canada, Sweden, and Iceland. The company has accumulated a significant amount of Ethereum and Bitcoin since early 2021, offering shareholders exposure to digital currency mining's operating margins.
HIVE Blockchain Technologies Ltd. has sold its Norwegian subsidiary, Kolos Norway AS, to the municipality of Narvik for $200,000. This sale allows HIVE to concentrate on its data centers in Sweden and Iceland. The company has also eliminated $3.1 million in loans associated with the subsidiary, improving its financial position. HIVE continues its 'HODL' strategy, holding approximately $109 million in cryptocurrency assets while enhancing its balance sheet and liquidity. The ongoing shift in legislation concerning cryptocurrency mining in Norway led to the impairment of Kolos's land development rights.
HIVE Blockchain Technologies has successfully completed a share swap with DeFi Technologies, exchanging 4 million common shares for 10 million shares, representing about 5% of DeFi's outstanding shares. This partnership aims to enhance HIVE's involvement in the decentralized finance (DeFi) ecosystem, focusing on Ethereum and Miner Extractable Value (MEV). With DeFi's market capitalization soaring from $3 billion to $71 billion, HIVE anticipates significant revenue from transaction fees. The Company also considers distributing shares as dividends to shareholders over the next year.
HIVE Blockchain Technologies has completed a share swap with DeFi Technologies, receiving 10 million shares (5% of DeFi) in exchange for 4 million HIVE shares (1%). This partnership focuses on the decentralized finance (DeFi) ecosystem, especially in Ethereum and Miner Extractable Value (MEV). HIVE aims to leverage the booming DeFi sector, which has grown from $3B to $71B in market capitalization. The company sees this partnership as a strategic move to enhance shareholder value and capitalize on the increasing importance of DeFi in the digital currency landscape.
HIVE Blockchain Technologies has successfully completed the acquisition of a 50 MW data centre in New Brunswick from GPU.One for approximately C$25 million. This acquisition is expected to double HIVE's global power capacity to 100 MW, enhancing its position among publicly-listed cryptocurrency miners. The facility, utilizing low-cost green energy, will support HIVE's focus on sustainable mining operations. Additionally, it will bring experienced GPU One management into HIVE. The operational facility further diversifies HIVE's portfolio, which includes locations in Quebec, Sweden, and Iceland.
