This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated September 2, 2022 to its amended and restated short form base shelf prospectus dated January 4, 2022.
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBFA) (the "Company" or "HIVE") is pleased to announce the production figures from the Company's global Bitcoin and Ethereum mining operations for the month of August 2022, with a HODL balance of 3,258 Bitcoin and 5,100 Ethereum as of August 31, 2022.
HIVE is pleased to announce its August 2022 production figures and mining capacity:
290.4 BTC Produced
2.23 Exahash of Bitcoin mining capacity at beginning of August, with an average hashrate of 2.07 Exahash of Bitcoin mining capacity during the month of August
3,010 ETH Produced*
6.49 Terahash of Ethereum mining capacity at end of August, with an average hashrate of 6.19 Terahash of Ethereum mining capacity during the month of August
*The Company's production of ETH from GPU mining (including selective optimizations of GPU hashrate) has yielded a total ETH production of 3,010 ETH," Frank Holmes, Executive Chairman of HIVE stated. "In August we produced an average of 16.7 Bitcoin Equivalent per day, comprised of approximately 9.4 BTC per day and our Ethereum production of approximately 97 Ethereum per day. We are pleased to note that as of today, we are producing over 9 BTC,...
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