|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1325 - 0.1550|
|52 Week Range||0.0600 - 0.6100|
|Beta (5Y Monthly)||4.62|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VANCOUVER, March 30, 2020 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE.V - News) (OTCQX:HVBTF - News) (the "Company" or "HIVE") is pleased to announce that it has signed a definitive agreement (the "Agreement") to acquire a dedicated cryptocurrency mining operation with access to 30 megawatts ("MW") of low cost green power at a leased facility located in Lachute, Quebec (the "Facility") from Cryptologic Corp. for a total purchase price of approximately C$4.0 million (the "Acquisition"). Pursuant to the Agreement, HIVE will satisfy the purchase price through the issuance of 15,000,000 common shares ("HIVE Shares") to Cryptologic at a deemed price of C$0.20 per HIVE Share and C$1,000,000 in cash, subject to a working capital adjustment. "This is an important strategic acquisition for HIVE that diversifies our business significantly, and we are making it at an opportune time at an attractive valuation for our shareholders," said Frank Holmes, Interim Executive Chairman of HIVE.
In response to multiple shareholder inquiries understandably confused by this Blockchain's announcement, HIVE clarifies that it has no association with this Blockchain. HIVE believes this Blockchain's use of "Hive" and "Hive Blockchain" is, intentionally or otherwise, confusing with the Company's brand, which it has used globally over the Internet in relation to its connection with blockchain related goods and services including cryptocurrency.
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
ZUG, Switzerland and VANCOUVER, March 6, 2020 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE.V - News) (OTCQX:HVBTF - News) (the "Company" or "HIVE") is pleased to announce that it has initiated an expansion of its flagship GPU-based digital currency mining facility in Sweden. The expansion is anticipated to result in a more than 20% increase in the facility's Ethereum mining production capabilities while improving its gross mining margin profile by leveraging the existing fixed cost base at the facility. HIVE's facility in northern Sweden currently operates GPU mining rigs powered entirely by green energy via renewable hydro electricity, consistent with the Company's green energy strategy.
ZUG, Switzerland and VANCOUVER, Feb. 10, 2020 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE.V - News) (OTCQX:HVBTF - News) (the "Company" or "HIVE") is pleased to announce that it now anticipates an approximately 40% reduction in the Company's operating and maintenance costs at its GPU mining facility in Sweden, compared to such costs under its previous service provider agreement which it ended in November, 2019. The updated cost reduction figure is higher than the approximately 25% that the Company had previously anticipated, as announced in its December 2, 2019 press release. This improvement is the result of locking in a lower than anticipated electricity rate, stemming from an unusually warm winter in Sweden, for a majority of the Company's electricity costs via hedging agreements that will continue through 2020.
ZUG, Switzerland and VANCOUVER, Jan. 14, 2020 /CNW/ - HIVE Blockchain Technologies Ltd. (HIVE.V) (HVBTF) (the "Company" or "HIVE") is pleased to provide the following operational update. The Company announces that it has experienced a more than 20% increase in newly minted Ether coins mined daily compared to its exit run rate for the last 15 days in December 2019 . The improvement has occurred since the Company completed the recent Ethereum network upgrade dubbed the "Muir Glacier" earlier this month.
HIVE Blockchain Technologies Ltd. (CVE:HIVE) shareholders should be happy to see the share price up 15% in the last...
ZUG, Switzerland and VANCOUVER , Dec. 19, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (HIVE.V) (HVBTF) (the "Company" or "HIVE") is pleased to announce that all resolutions considered at its 2019 annual meeting of shareholders on December 18, 2019 were approved overwhelmingly by its shareholders. HIVE's Board of Directors consists of Tobias Ebel , Frank Holmes , Marcus New , Olivier Roussy Newton , and Dave Perrill . Each director will serve until HIVE's next annual meeting of shareholders or until their respective successors are elected or appointed or they otherwise cease to hold office.
Malibu, CA, United States, Dec 19, 2019 - (ABN Newswire) - Join Ellis Martin for a conversation with Frank Holmes. Mr. Holmes is the chief executive and chief investment officer at U.S. Global Investors ...
(Bloomberg) -- Hive Blockchain Technologies Ltd. was an overnight stock sensation when it became the first cryptominer in the world to trade publicly. Two years later, abandoned by the last analyst covering it, Hive joins the list of flame-outs on Canada’s junior stock exchange.PI Financial dropped coverage of the Vancouver-based cryptominer because the company “no longer meets our coverage criteria,“ analyst David Kwan said in an email. The stock closed Tuesday at 12.5 cents in Toronto, a far cry from its 2017 intraday peak of C$6.77.Hive’s opening on the TSX Venture Exchange in September 2017 was one of the most spectacular debuts in Canada, offering investors a way to tap into a cryptocurrency fervor sparked by Bitcoin’s bull run. Its share price tripled on the first day and soared more than 2,000% in the weeks that followed. It hit a market value of C$1.9 billion ($1.4 billion) at one point, making it one of the largest blockchain-related companies anywhere.Easy listing rules on Canada’s junior exchanges have made the country a launchpad for the next big thing -- at the time of Hive’s debut, bitcoin miners, lithium stocks and marijuana start-ups were all the rage. The exchanges can spark early-stage winners and overnight millionaires as stocks soar, but they can also open the door to blatant stock promotion, murky disclosure and spectacular volatility. Liberty One Lithium Corp., West High Yield (WHY) Resources Ltd. -- which, like Hive, experienced blistering run ups in 2017 -- are now penny stocks trading at a fraction of their peak.Hive also benefited from the early backing of Vancouver mining maverick Frank Giustra, as well as $750,000 in paid online promotions. At the cryptominer’s peak in 2017, Giustra told CEO.CA, a site popular with retail investors, that his “primary and only concern” was to build the value of Hive, typically a three- to five-year exercise. In a disclaimer below the article, the interviewer Tommy Humphreys stated that he owned shares of Hive and could “be considered extremely biased” about the companies he features.Giustra didn’t immediately respond to a request to his office asking if he’s still involved in Hive and how he sees its prospects.To contact the reporter on this story: Natalie Obiko Pearson in Vancouver at email@example.comTo contact the editors responsible for this story: David Scanlan at firstname.lastname@example.org, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
ZUG, Switzerland and VANCOUVER , Dec. 2, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") announces its results for the second quarter ...
ZUG, Switzerland and VANCOUVER, Nov. 7, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE.V - News) (OTCQX:HVBTF - News) (the "Company" or "HIVE") is pleased to announce that it has completed its announced transition of the Company's GPU chips in Sweden to Blockbase Group DWC-LLC ("Blockbase") from Genesis Mining ("Genesis"), pursuant to the Company's strategic partnership with Blockbase signed in August. Frank Holmes, HIVE's Interim Executive Chairman, said: "We have successfully taken full control of our Ethereum-mining operations in Sweden with no significant shutdown of our equipment or facility.
ZUG, Switzerland and VANCOUVER, Oct. 30, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") is pleased to announce the appointment of ...
Every investor in HIVE Blockchain Technologies Ltd. (CVE:HIVE) should be aware of the most powerful shareholder...
ZUG, Switzerland and VANCOUVER , Oct. 8, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") announces management will host a webcast ...
ZUG, Switzerland and VANCOUVER, Oct. 8, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE.V - News) (OTCQX:HVBTF - News) (the "Company" or "HIVE") announces its results for the first quarter ended June 30, 2019 (all amounts in US dollars, unless otherwise indicated). "I am pleased to report a healthy first quarter of positive net income and positive cash flow," said Frank Holmes, Interim Executive Chairman of HIVE. "The financial results reflect our relentless efforts to restructure the Company to ensure transparency and accountability and to strengthen our operational control of HIVE and improve our operational efficiency.