HIVE Reaches $200 Million Annual Run Rate and Purchases 4,000 Next Generation Miners - Seite 2

New Miners

This new equipment sourced from a top global manufacturers is expected to be received and in operation within the next 60 days, delivered in 2 tranches, with 2,000 miners in August, and 2,000 miners in September 2021.

“This strategic purchase of equipment was realized as a result of the very strong relationships that our team have with the leading manufacturers in the ASIC miner space.” Frank Holmes, Executive Chairman of HIVE continued, “This transaction is part of our continuous momentum that we have for steady and controlled growth to be the leading clean and green miner in our industry.”

Today’s announcement is part of our continuing strategy to increase our bitcoin mining capacity. HIVE intends to continue utilizing cash flow to make opportunistic investments in ASIC and GPU next generation mining equipment that can provide positive gross mining margins.

Expansion Progress

We are making good progress on new data center construction at our New Brunswick, Canada site. Here are some recent pictures of the foundation of what will be a 20-megawatt Bitcoin mining facility.

Photo 1: New Brunswick Building 3 - Concrete pour, is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ae0f31b-0dc0-4eb2 ...

Photo 2: New Brunswick Building 3 - Foundational progress, is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/40365c16-e0a0-47f9 ...

We have also been steadily receiving and installing new-generation Bitcoin miners in the existing buildings in New Brunswick. Here are a few pictures of some of our 900 newly racked miners operating.

Photo 3: New Brunswick Building 2 - Bitcoin miners, is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/449d0110-6636-4a20 ...

Photo 4: New Brunswick Building 2 - Bitcoin miners, is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96c3d2b3-2c47-467f ...

Here is a view of the “cold side” of some of our bitcoin mining racks. The barrier on the right side of the picture is a “filter wall”, which keeps miners running smoothly.

Photo 5: New Brunswick Building 2 - Filter wall, is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/943977fb-44ef-475b ...

About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.