ZUG, Switzerland and
VANCOUVER, June 29, 2018 /CNW/ - HIVE Blockchain
Technologies Ltd. (TSXV: HIVE) (OTC: HVBTF) (the "Company" or
"HIVE") will be announcing its financial results for the three and
twelve months ended March 31, 2018 on
Wednesday, July 18 2018 after market
close.
Management will host a webcast on Thursday, July 19 2018 at 8:30am EST to discuss the Fiscal 2018 Q4 and Full
Year results. Harry Pokrandt, CEO,
President and Director; and Jessica Van Den
Akker, Chief Financial Officer, will participate in the
webcast.
Financial analysts and interested investors may register for the
webcast or visit www.HiveBlockchain.com for more information.
Operational Update
Highlights include:
- In January 2018, HIVE Blockchain
successfully operationalized 6.8 Megawatt ("MW") of capacity with
the launch of Sweden Phase 1.
- In March 2018, the Company
announced the acquisition of Kolos Norway AS in Norway, which provides significant expansion
opportunities to the Company.
- Since the commencement of mining in September 2017 until March
31, 2018, HIVE Blockchain mined over 17,000 Ethereum coins,
and 54,000 Ethereum Classic coins.
- Subsequent to quarter end, the Company doubled production by
bringing Sweden Phases 2 and 3 online which results in total mining
capacity in Sweden of 20.4 MW and
brings overall mining capacity to 24.2 MW.
"HIVE Blockchain continues to execute on its strategy of
expanding mining capacity within stable jurisdictions with access
to green, low cost power and high-speed internet." said
Harry Pokrandt, CEO and Director of
HIVE.
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 is strategically partnered
with Genesis Mining Ltd. to build the next generation of blockchain
infrastructure. 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, and provides 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.
"Harry Pokrandt"
President, CEO and Director
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.
Forward-Looking Information
Except for the statements of historical fact, this news
release contains "forward-looking information" within the meaning
of the applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news
release. "Forward-looking information" in this news release
includes information about the Company's expansion opportunities in
Norway; the Company's production
and mining capacity; long term growth of the Company; the business
goals and objectives of the Company, and other forward-looking
information includes but is not limited to information concerning
the intentions, plans and future actions of the parties to the
transactions described herein and the terms thereon.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, the Company may not complete its planned
expansion in Sweden on terms
currently anticipated by the Company, or at all; the Company may
not complete its planned expansion in Norway or on terms favourable to the Company,
or at all; data centres, once constructed, may not operate on
a scale (electrical consumption and output of digital currency)
currently anticipated, and may not operate on commercially
beneficial terms at all to the Company; the ongoing partnership
with Genesis; the digital currency market; the Company's ability to
successfully mine digital currency; the Company may not be able to
profitably liquidate its current digital currency inventory, or at
all; a decline in digital currency prices may have a significant
negative impact on the Company's operations; the volatility of
digital currency prices; and other related risks as more fully set
out in the Filing Statement of the Company dated September 13, 2017 and other documents disclosed
under the Company's filings at www.sedar.com.
The forward-looking information in this news release reflects
the current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions about the Company's
ability to complete its expansion in Sweden; the Company's ability to complete the
construction of digital currency operations in Norway; the Company will be able to profitably
liquidate its digital currency inventory as required; the Company's
ongoing partnership with Genesis; historical prices of digital
currencies and the ability of the Company to mine digital
currencies will be consistent with historical prices; and there
will be no regulation or law that will prevent the Company from
operating its business. The Company has also assumed that no
significant events occur outside of the Company's normal course of
business. Although the Company believes that the assumptions
inherent in the forward-looking information are reasonable,
forward-looking information is not a guarantee of future
performance and accordingly undue reliance should not be put on
such information due to the inherent uncertainty therein.
SOURCE HIVE Blockchain Technologies Ltd.