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HIVE Blockchain Technologies has received a management cease trade order (MCTO) from the British Columbia Securities Commission due to delays in the preparation of its annual financial statements for the year ending March 31, 2021. This order allows the company to continue trading while management works on completing the audit. During this period, the directors and management, including the CEO and CFO, are prohibited from trading shares. HIVE is a cryptocurrency mining company focused on green energy, operating data centers in Canada, Sweden, and Iceland.
HIVE Blockchain Technologies announced a delay in filing its annual financial statements for the year ending March 31, 2021, due to operational and reporting challenges from its operations in five countries. The company plans to file these documents by August 12, 2021. A management cease trade order has been applied for, affecting trading by its CEO and CFO until filings are complete. HIVE is transitioning to high-performance computing cloud hosting using its GPU resources. The delay is partly due to unexpected accounting issues related to a facility upgrade in Sweden.
HIVE Blockchain Technologies Ltd. (HVBT) has announced the purchase of 3,019 MicroBT WhatsMiner M30S miners, boosting its Bitcoin mining hash rate by 46%. The new miners will add 264 PH/s to the existing 566 PH/s, resulting in an estimated $80,000 in daily income. HIVE will join the Foundry USA Pool to enhance transparency and competitiveness. The acquisition is part of HIVE's strategy to increase its Bitcoin reserves, which currently stand at 605 BTC.
HIVE Blockchain Technologies Ltd. (NASDAQ:HVBT) has announced the acquisition of 3,019 MicroBT WhatsMiner M30S mining computers, enhancing its Bitcoin mining capacity by 46% to approximately 830 PH/s. This purchase is projected to generate an additional US$80,000 in daily income. HIVE will join Foundry's mining pool, improving transparency and efficiency. The deal includes cash and 1.5 million warrants at C$3.11 for two years, contingent on regulatory approval. HIVE aims to bolster its Bitcoin reserves, currently holding 605 BTC.
HIVE Blockchain Technologies Ltd. (NASDAQ:HVBT) announced a long-term high-performance computing strategy, extending beyond Ethereum 2.0. The company currently produces over 3,000 GH/s in Ethereum and 544 PH/s in Bitcoin, intending to double both outputs by December 2021. Projected revenues could reach US$30 million monthly. HIVE emphasizes its commitment to renewable energy sources and a flexible HPC strategy, leveraging GPU technology for diverse applications. The company aims to capitalize on Ethereum's growth, anticipating continued dominance in smart contracts and DeFi.
HIVE Blockchain Technologies Ltd. (Nasdaq: HVBT) announces an advanced HPC strategy beyond Ethereum 2.0, anticipating a significant increase in mining capacity. Current Ethereum production stands at over 3,000 GH/s, with expectations to nearly double by year-end. Bitcoin production, currently at 544 PH/s, is projected to reach 1.0 EH/s by September and 2.3 EH/s by December. With potential monthly revenues of up to $30 million, HIVE emphasizes the importance of green energy in its operations, utilizing hydroelectric and geothermal sources in Sweden, Iceland, and Canada.
HIVE Blockchain Technologies Ltd. (HVBT) announced its entry into the NVIDIA Partner Network (NPN) Cloud Service Provider program alongside purchase agreements for NVIDIA GPUs worth over US$66 million. This strategic move aligns with HIVE's growth strategy and aims to expand into Enterprise Cloud services focusing on High Performance Computing (HPC). The GPUs will be delivered monthly throughout 2021, enhancing HIVE's capability to adapt in the dynamic blockchain industry.
