HIVE completes C$4 million acquisition of mining firm
12 Apr 2020
HIVE Blockchain Technologies has acquired a cryptocurrency mining operation with access to 30 megawatts (“MW”) of low cost green power at a leased facility located in Lachute, Quebec.
According to an official press release shared with Coin Rivet, the cost of acquiring mining firm Cryptologic stands at C$4,000,000 , with C$1,000,000 of that being in cash.
HIVE Blockchain Technologies’ latest acquisition is an investment in the future of crypto
09 Apr 2020
Hive Blockchain Technologies (HIVE.V) closed its previous announced acquisition of the dedicated cryptocurrency mining operation in Lachute, Quebec from Cryptologic (CRY.C) today.
Don’t you love it when a plan comes together?
Canada is probably the best place for cryptocurrency in the world because of its combination of colder temperatures, subsidized and abundant easily accessible green hydroelectric energy.
HIVE Blockchain to Double Mining Capacity Through $2.8M Share Deal
01 Apr 2020
A publicly listed bitcoin mining operator is set to double the size of its operations in a multi-million-dollar deal, largely funded through a sale of its shares.
HIVE Blockchain announced via email this week it's all set to acquire an existing 30-megawatt (MW) mining operation in Quebec from rival Canadian mining company Cryptologic for CA$4 million (around US$2.8 million).
HIVE Blockchain acquires Quebec facility for $2.8M
01 Apr 2020
Hive Blockchain Technologies has expanded its digital currency processing capacity with its latest acquisition. The company announced that it had acquired a Canadian facility for C$4 million ($2.8 million) in cash and stocks. The facility has access to low cost green energy and is a strategic acquisition for HIVE as it seeks to expand its footprint in the transaction processing industry.
HIVE, which is listed on the Toronto Stock Exchange, …
HIVE Blockchain Technologies refuses to panic, and makes most of bad situation
30 Mar 2020
The advent of the COVID-19 pandemic brought on and continues to bring on some serious questions for every segment of the market, and that includes cryptocurrency. Within two days, Bitcoin was slashed in half as investors pulled their money out in droves and it seemed that almost overnight the question of whether or not Bitcoin was a safe-haven currency had been resolved. But neither was gold. The sharp truth was …
An ether mining firm is acquiring a bitcoin mining facility for $2.8M
30 Mar 2020
HIVE Blockchain Technologies, a Canada-based publicly-traded ether (ETH) mining firm, is diversifying into bitcoin mining operations.
Announcing the news on Monday, HIVE said it is acquiring a 30 megawatts (MW) bitcoin mining facility from Cryptologic Corp for about CA$ 4 million (~US$2.8 million) in Quebec.
HIVE Blockchain Acquires Bitcoin Mining Facility for $2.8M
30 Mar 2020
The Canadian firm HIVE has doubled its global mining capacity by acquiring a 30 M/W Bitcoin mining facility in Quebec.
HIVE Blockchain Technologies, a Canadian publicly-traded ether (ETH) mining firm, has announced on March 30 the acquisition of a dedicated cryptocurrency mining operation with access to 30 megawatts of low-cost green power.
The transaction was valued at CAD $4 million (USD $2.8 M). The facility, leased by Cryptologic …
HIVE Expands Ether Mining by 20%, Not Worried by Proof-of-Stake
12 Mar 2020
Following a 20% expansion in ETH mining operations at Hive Blockchain’s Swedish facility, Cointelegraph spoke to Hive regarding contention in the ETH community and the company’s plans.
Cryptocurrency mining company Hive Blockchain Technologies announced a two-phase plan to expand its Ether (ETH) mining operations at the company’s flagship GPU-based facility in Sweden by more than 20%.
HIVE Blockchain Expanding Its Ethereum Mining Operations by 20 Percent
12 Mar 2020
Hive Blockchain (TSX.V:HIVE), a publicly listed cryptocurrency mining company has announced that it’s now in the process of expanding its GPU-based Ethereum mining farm in Sweden. The firm says the move will enable it to increase its Ethereum mining production by as much as 20 percent, according to a press release.
While Ethereum’s Vitalik Buterin and other members of the ecosystem are hard at work trying to transition the smart …
HIVE Blockchain Technologies increases mining of Ethereum by 20%
12 Mar 2020
Crypto mining firm Hive Blockchain Technologies recently revealed a new two-phase plan that would increase Ether mining at its Sweden-headquartered flagship GPU-based facility. The firm plans to increase the mining process by 20%, as it views the current situation as ‘an opportune time.’
The company’s facility in Sweden is hydro-powered, and the expansion will require capital expenditures of only around $200,000 per every extra megawatt of power. The cost increase …
HIVE to Expand Its Ethereum Mining Capacity by 20%
12 Mar 2020
HIVE Blockchain Technologies has announced its plans to expand its Ethereum mining facility in Sweden by 20 percent over the next six months.
The crypto mining company is operating its facility in northern Sweden and operates with GPU-based mining hardware leveraging the cheap hydroelectricity available in the region.
HIVE Blockchain Technologies quadruples in two months, owes success to Ethereum mining
11 Feb 2020
Hive Blockchain Technologies’ (HIVE.V) prospects are looking up and now they anticipate a 40% reduction in the company’s operating and maintenance costs for its GPU (graphics processing unit) ethereum mining facility in Sweden.
The company’s new costs are comparable to what they were paying under their previous service provider agreement, which ended in November 2019. The company locked in a lower-than-anticipated electricity rate, courtesy of a unusually warm winter in …
Hive Blockchain Reduces Operating Expenses By 40%
10 Feb 2020
Hive Blockchain Technologies (TSXV: HIVE) announced this morning that it has seen a further reduction in the firms operating and maintenance costs to approximately 40%. The firm had initially targeted a reduction of 25% when it began cost cutting measures in December 2019.
The further reduction in costs is largely the result of securing a lower than anticipated electricity rate within Sweden, where the company houses much of its mining activity. …
HIVE Blockchain’s rebuilding year comes to a close in time for the halving
30 Dec 2019
In hockey, when your team’s down and your favourite pita-slinger’s getting on your case at your local shawarma shack, you can pull out the faithful excuse that it’s a rebuilding year. Yeah. A rebuilding year. They’re making trades and figuring out how to skate together and once they iron out some of the kinks and find out what combinations work best for line chemistry, then you’d better watch out in …
How Blockchain is Powering our Future
06 Sep 2018
The future is bright, and it’s driven by the blockchain.
Blockchain technology is already turning the financial industry upside down through its disruptive applications, but finance is only the tip of the iceberg. The blockchain’s true scope is in its ability to change the way you do things every day – like voting, travelling, or going to the doctor.
HIVE in the News: BTV-Business Television (BTV) Explores 5 Groundbreaking Blockchain Companies
05 Mar 2018
BTV visits GMP Securities, Equity Research Analyst, Deepak Kaushal and HIVE a forerunner in the sector offering direct exposure to digital currencies and the blockchain infrastructure.
http://www.b-tv.com/hive-blockchain-feature-ep-323/ (Click for video)
HIVE Blockchain offers direct exposure to digital currencies and the blockchain infrastructure.
HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) is building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd., the world’s leading cryptocurrency …
Hello from HIVE... A Recap of Our First Months
20 Nov 2017
It has been just two short months since our trading debut on the TSX.V, but a lot has happened since then. The blockchain and cryptocurrency economy continues to grow at a furious pace, with the aggregate market cap of all cryptocurrencies surpassing US$225 billion this past week. Recent developments include the decision of CME Group — the operator of the world's largest options and futures exchange — to launch Bitcoin …
U.S. Global Investors Announces Strategic Investment in HIVE Blockchain Technologies Ltd. with Frank Holmes Becoming Chairman of Board
19 Sep 2017
SAN ANTONIO–September 19, 2017– U.S. Global Investors, Inc. (NASDAQ: GROW) is pleased to announce that it has entered into a strategic investment in HIVE Blockchain Technologies Ltd. (TSX.V: HIVE). U.S. Global Investors has exposure to 17 million shares of HIVE.
Frank Holmes, CEO and chief investment officer of U.S. Global Investors, has been appointed as the non-executive chairman of the Board of Directors of HIVE.
HIVE Blockchain Technologies Ltd. commenced …
Introduction to HIVE Blockchain
17 Aug 2017
Blockchain protocols like Bitcoin, Ethereum, and other cryptocurrencies offer a secure way to transact without the need for middlemen. Those who understand the potential of these technologies are creating new business platforms and winning first-mover advantages.
Until now, the complexity of cryptocurrencies has deterred traditional investors from gaining exposure to blockchain’s potential. HIVE, one of the first crypto companies to list on a major stock exchange, offers direct exposure to …