ZUG, Switzerland and VANCOUVER, Oct. 30, 2019 /CNW/ - HIVE Blockchain
Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or
"HIVE") is pleased to announce the appointment of Mr. Dave Perrill to its board of directors.
Mr. Perrill has been keenly immersed in the cryptocurrency
mining industry and blockchain technology since its formative days.
Mr. Perrill is the founder and CEO of Compute North, a rapidly
growing data center company that offers low-cost and efficient
infrastructure services for clients in the blockchain,
cryptocurrency mining and the broader high-performance computing
space. Previously he founded and subsequently sold two technology
companies, including an Internet Service and Managed Security
Provider, which was acquired by Trustwave in 2013. Mr. Perrill has
extensive experience in networking, data center engineering,
software, and security. He holds a BS in Management Information
Systems and an MBA in Finance from the University of Minnesota.
Frank Holmes, HIVE's Interim
Executive Chairman, said of the addition of Mr. Perrill: "We are
strengthening our bench and building our braintrust to help us
execute the next stage of our growth strategy. Over the past year,
we have been laser focused on improving our operational efficiency
and cost structure to set the stage for profitable growth. We now
have a strong cash position and are seeing a pipeline of M&A
and growth opportunities. Mr. Perrill's experience and expertise
will be invaluable in helping us assess and execute on these
opportunities in order to ensure we generate the best return for
our shareholders.
"Mr. Perrill provides HIVE with significant expertise in helping
cryptocurrency miners maximize large-scale data center operations
with improved operational efficiency, a vast knowledge of the North
American electrical power and cryptocurrency mining environment, as
well as IT, information security, and business expertise,"
continued Mr. Holmes. "We are very pleased to welcome him to the
Board and add to our independent industry experience."
"I am honored to be joining HIVE's Board of Directors," said Mr.
Perrill. "HIVE is a pioneer in the industry, being the first to
bridge blockchain and cryptocurrencies to traditional capital
markets. I look forward to participating in setting the strategic
direction for the next stage of growth for the company."
HIVE also announces the date for its annual general meeting of
the Company's shareholders (the "Meeting"). The Meeting will take
place on December 18, 2019. The
record date for the shareholders entitled to vote at the Meeting
has been set as shareholders of record as at November 6, 2019.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. is a growth oriented,
TSX.V-listed company building a bridge from the blockchain sector
to traditional capital markets. HIVE owns state-of-the-art
GPU-based digital currency mining facilities in Iceland and Sweden, which produce newly minted digital
currencies like Ethereum continuously as well as cloud-based
ASIC-based capacity which produces newly minted digital currencies
like Bitcoin. Our deployments provide shareholders with exposure to
the operating margins of digital currency mining as well as a
growing portfolio of crypto-coins.
For more information and to register to HIVE's mailing list,
please visit www.HIVEblockchain.com. Follow @HIVEblockchain on
Twitter and subscribe to HIVE's YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
"Frank Holmes"
Interim Executive Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
SOURCE HIVE Blockchain Technologies Ltd.