HIVE Digital Technologies Ltd Stock Price, News & Analysis

HIVE Blockchain Technologies has filed a preliminary short form base shelf prospectus to replace its prior one, expiring on February 27, 2023. This new prospectus allows HIVE to offer up to USD $100 million of various securities over a 25-month period, facilitating access to capital as needed. The company also terminated a corresponding registration statement with the U.S. SEC. Additionally, Ian Mann has retired from his position as director, with Executive Chairman Frank Holmes thanking him for his service. The prospectus is not an offer to sell securities until it becomes effective.

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) announced a delay in filing its interim financial statements for the quarter and nine months ended December 31, 2022, due to an unforeseen tax notice related to a European subsidiary. The Company now aims to file these documents by February 28, 2023. To comply with regulatory requirements, HIVE applied for a management cease trade order (MCTO), preventing its CEO and CFO from trading shares until the filings are complete. HIVE emphasized its commitment to improving financial processes, while maintaining its operations across multiple jurisdictions to access low-cost green energy.

HIVE Blockchain Technologies Ltd. has announced an at-the-market offering agreement with H.C. Wainwright & Co. for an equity offering program of up to US$100 million. The proceeds will support HIVE's mining operations and working capital needs. A cash commission of 3% will apply to gross proceeds. Sales will occur at prevailing market prices on the Nasdaq Capital Market and will not be made on Canadian exchanges. No shares have yet been issued under this program, and the Registration Statement with the SEC is pending effectiveness.

HIVE Blockchain Technologies Ltd. has announced the approval of 415,200 stock options and 1,425,280 restricted share units (RSUs) to employees and consultants, aimed at rewarding contributions and promoting future performance. The stock options are exercisable at C$5.66 per share for five years, while the RSUs vest over 24 months. Before these grants, HIVE had approximately 82.2 million common shares issued. The grants are subject to the company's Stock Option Plan and Restricted Share Unit Plan, re-approved by shareholders in December 2021.

HIVE Blockchain Technologies Ltd. has reported its July 2022 production figures, achieving 279.9 BTC and 2,957 ETH. The company’s Bitcoin HODL balance stands at 3,091 BTC and 6,820 ETH as of August 4, 2022. Mining capacity increased to 2.26 Exahash for Bitcoin and 6.49 Terahash for Ethereum. The average production equated to 15.0 Bitcoin Equivalent per day. The company also navigated high energy costs in New Brunswick while maintaining profitable mining operations.

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) reports significant mining production for July 2022, producing 279.9 BTC and 2,957 ETH. The company increased its Bitcoin mining capacity from 2.2 to 2.26 Exahash during the month, with an average production of 15 BTC Equivalent daily. HIVE's BTC HODL balance now stands at 3,091 BTC and 6,820 ETH. Despite increased operational costs in New Brunswick, HIVE managed to maintain profitability in its mining operations. The company is preparing for the potential Ethereum Merge, assessing impacts on its mining strategy.

HIVE Blockchain Technologies Ltd. reported a remarkable fiscal year 2022, achieving revenue of $211.2 million, marking a 212% increase year-over-year. The company also recorded a net income of $79.6 million, up from $24.1 million in the previous year, leading to a basic income per share growth of 191% to $1.02. HIVE expanded its Bitcoin mining capacity to 2 Exahash and Ethereum mining to 6,100 GH/s, reflecting significant growth in cryptocurrency production. Additionally, the company reduced its debt by over $5.5 million.

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) is updating on the status of its audited financial statements and management analysis for the year ended March 31, 2022. The company expects to complete the Annual Filings by July 18, 2022, and anticipates no further delays. HIVE confirms that no material changes have occurred since its June 29 announcement and will provide bi-weekly updates until the filings are finalized. As a pioneer in cryptocurrency mining, HIVE emphasizes its commitment to green energy and aims to bridge digital currencies with traditional markets.

HIVE Blockchain Technologies Ltd. announced its June 2022 production figures, reporting a BTC HODL balance of 3,239 Bitcoin and 7,667 Ethereum as of July 6, 2022. The Company produced 278.5 BTC and 2,542 ETH in June, with Bitcoin mining capacity peaking at 2.24 Exahash. HIVE maintains a cash flow positive status with no significant debt, focusing on expanding its BTC footprint while liquidating some ETH holdings. The Bitcoin network difficulty increased 1% during June, impacting gross profit margins.