This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022.
Vancouver, British Columbia--(Newsfile Corp. - June 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 May 2022, with a BTC HODL balance of 3,186 Bitcoin as of June 5, 2022.
HIVE is pleased to announce its May 2022 production figures and mining capacity:
273.4 BTC Produced
2,694 ETH Produced*
2.15 Exahash of Bitcoin mining capacity at beginning of May
Increased to 2.18 Exahash of Bitcoin mining capacity at end of May
6.26 Terahash of Ethereum mining capacity at beginning of May
6.26 Terahash of Ethereum mining capacity at end of May
*The Company's production of ETH from GPU mining (including selective optimizations of GPU hashrate) has yielded a total ETH production of 2,694 ETH
Frank Holmes, Executive Chairman of HIVE stated, "We are pleased to report in May HIVE continued its strong momentum in expanding our hashrate, notably our Bitcoin mining hashrate grew by 8% this month, through installations and electrical upgrades. In May we produced an average of 8.8 BTC per day, and we are pleased to note that as of today, we are producing approximately 9.2 BTC a day even after...
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