HIVE Blockchain Announces Bought-Deal Financing and Acquisition of Second Data Centre - Seite 2

"This transaction significantly expands HIVE's mining capacity for minimal dilution to existing shareholders," commented Harry Pokrandt, CEO. He continued, "We are pleased to strengthen our partnership with Genesis Mining and consolidate Iceland, a leading jurisdiction for cryptocurrency mining due to its low energy costs, cool climate and reliable Internet connectivity. We are also pleased to welcome the support of GMP and new investors."

"On behalf of Genesis Mining, we are very pleased to see the strong support of HIVE in the public markets," stated Marco Streng, Co-Founder of Genesis Group and an Advisor to HIVE. Streng continued, "We look forward to continuing to work with the team of HIVE to further leverage this opportunity."

Closing of the acquisition is subject to receipt of the various approvals, including Exchange approval, shareholder approval (excluding Genesis), and completion of the Offering.

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., the world's leading cryptocurrency mining hashrate provider, to build the next generation of blockchain infrastructure. HIVE owns a state-of-the-art GPU-based cryptocurrency mining facility in Iceland, completed in May 2017, which produces mined cryptocurrency like Ethereum around the clock. HIVE has an option to acquire additional facilities in Iceland or Sweden from Genesis. Genesis supports HIVE with data centre infrastructure know-how and is HIVE's largest shareholder.

For more information and to register to HIVE's mailing list, please visit www.HIVEblockchain.com, which has recently been updated. Follow @HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel.

On Behalf Of HIVE Blockchain Technologies Ltd.

Harry Pokrandt, President, CEO and Director

Closing of the acquisition is subject to a number of conditions, including but not limited to, acceptance by the Exchange and completion of the equity financing. There can be no assurance that the acquisition will be completed as proposed or at all.

The Exchange has in no way passed upon the merits of the acquisition and has neither approved nor disapproved the contents of this news release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.