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          • Cision PR Newswire
          • Coupons – Best websites
            • Aeromexico Rewards Chart
            • Get Avios Points Free
        • Today Bitcoin Price at $6,800 USD
        • Pandemic Is Changing BTC Usage in ‘Unexpected Ways’
        • Macropay on Alternative & local payment methods that are reshaping global e-commerce
        • Bank of America is preparing for a flood of Applications to Small-Business Loan
        • Microsoft might be the best tech stock in this market
        • US Airlines To Work Collectively, Consolidate Flights
        • Bank of America maintaining business continuity and protecting the bottom line
        • US long-term mortgage rates drop
        • Bitcoin Price Bulls have been rejected at $7,000
        • Stock Market: 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ
        • Stock Market April 2 – Edge Higher; Oil Surges, Bonds Fall, Dollar Rose
        • Chase bank will raise up to $10 billion
          • Bitcoin Price Simply Surged to $6,500 After Over 10% Weekend Crash
          • Today Bitcoin Price at $7,000: BTC Leaps to Retest $7,000
          • Bank of America agreed to allow 50,000 mortgage customers to defer payments
        • Bitcoin Price Prediction April: Three Key Causes Why BTC May Plunge Beneath $5,000
          • Roll up the Sleeves! American Airlines was down -10.34%
          • Mortgage calculator rates today April 2, 2020
          • Mortgage Calculator Small businesses: SB have ‘a million inquiries’ regarding check help loans
          • Bitcoin Price Today April 1 – Bitcoin Takes Tumble
            • With Bank of America card you can request a payment deferral online
              • Bank of America fields 150,000 installment deferral demands
            • Coronavirus – Travel Insurance no cover cancellations
              • Bank of America said it won’t cut any positions
          • Bitcoin Price Today April 2 – BTC rise to $6,700
          • Mortgage calculator rates today March 31, 2020
          • Bitcoin Price Momentum Sign Reverses, Bull Run Lastly Inbound?
          • Bitcoin Price Recovering After a Sharp Decline
          • Fintech News Airbnb – How hosts are fighting back against Covid-19 fallout
          • Market Stock Boeing – Challenging Times Ahead for Boeing Stock
        • Bank of America U.S. Minimum Hourly Wage Reaches $20
          • Bitcoin Price Bulls – is Forming a Bull Cross After Rallying to $6,500
          • P2P Crowdlending – Average Interest Rate 18%
          • $633 Million BTC Transferred For Simply $0.26 Payment
        • Prime ICO Advertising and marketing Companies
        • Bank of America will provide up to $250 million
        • Bank of America VC: You tend to do the wrong thing at the wrong time
          • Bitcoin Price Jump as Coronavirus Curve Begins to Flatten
            • Bitcoin Price Today April 3
            • Bitcoin Price Is Sometimes Bullish in Q2
            • Bitcoin Price Tumble Beneath $ 6,000
            • BTC Price Today 5 | April, 2020
            • Bitcoin Price and S&P 500 – Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter
              • Today Bitcoin Price at $6,600
                • Bitcoin Price Bulls Reaches: “Live or Die”
                • BTC Price Today | 6 April 2020
          • Bank of America sees big year for Microsoft ahead
            • American Airlines coronavirus downgrade
              • Bitcoin Price Rejected $6,600
              • Bitcoin Price Trace It Will Fall to $ 5 K
              • BTC Price Today April 4
                • Stock Market Today 31 March, 2020
              • US Bank Raises $586M Against COVID-19
                • Bank of America’s Solid Liquidity to Help Covid-19 Crisis
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      • Mortgage calculator rates today April 1, 2020
      • Mortgage Calculator – Students Benefits
      • Mortgage Calculator – Homeowners and renters Get Payment Relief
      • Calculator for mortgage to millennials
      • Mortgage Calculator Modification – What Is?
      • Mortgage Calculator Canada: Rates Are Rising
      • Mortgage Calculator Home – Is it time to repair your own home mortgage?
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            • Bitcoin Price Volume Decline with Lowering Volatility
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        • Mortgage rates today, April 3, 2020 plus reviews
          • cmc currency details
            • cmc exchange details
              • Shortcodes
        • Microsoft Vulnerability: Hundreds of Microsoft Servers Contaminated By Crypto-Mining Botnet Since 2018
          • Cision PR Newswire
          • Coupons – Best websites
            • Aeromexico Rewards Chart
            • Get Avios Points Free
        • Today Bitcoin Price at $6,800 USD
        • Pandemic Is Changing BTC Usage in ‘Unexpected Ways’
        • Macropay on Alternative & local payment methods that are reshaping global e-commerce
        • Bank of America is preparing for a flood of Applications to Small-Business Loan
        • Microsoft might be the best tech stock in this market
        • US Airlines To Work Collectively, Consolidate Flights
        • Bank of America maintaining business continuity and protecting the bottom line
        • US long-term mortgage rates drop
        • Bitcoin Price Bulls have been rejected at $7,000
        • Stock Market: 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ
        • Stock Market April 2 – Edge Higher; Oil Surges, Bonds Fall, Dollar Rose
        • Chase bank will raise up to $10 billion
          • Bitcoin Price Simply Surged to $6,500 After Over 10% Weekend Crash
          • Today Bitcoin Price at $7,000: BTC Leaps to Retest $7,000
          • Bank of America agreed to allow 50,000 mortgage customers to defer payments
        • Bitcoin Price Prediction April: Three Key Causes Why BTC May Plunge Beneath $5,000
          • Roll up the Sleeves! American Airlines was down -10.34%
          • Mortgage calculator rates today April 2, 2020
          • Mortgage Calculator Small businesses: SB have ‘a million inquiries’ regarding check help loans
          • Bitcoin Price Today April 1 – Bitcoin Takes Tumble
            • With Bank of America card you can request a payment deferral online
              • Bank of America fields 150,000 installment deferral demands
            • Coronavirus – Travel Insurance no cover cancellations
              • Bank of America said it won’t cut any positions
          • Bitcoin Price Today April 2 – BTC rise to $6,700
          • Mortgage calculator rates today March 31, 2020
          • Bitcoin Price Momentum Sign Reverses, Bull Run Lastly Inbound?
          • Bitcoin Price Recovering After a Sharp Decline
          • Fintech News Airbnb – How hosts are fighting back against Covid-19 fallout
          • Market Stock Boeing – Challenging Times Ahead for Boeing Stock
        • Bank of America U.S. Minimum Hourly Wage Reaches $20
          • Bitcoin Price Bulls – is Forming a Bull Cross After Rallying to $6,500
          • P2P Crowdlending – Average Interest Rate 18%
          • $633 Million BTC Transferred For Simply $0.26 Payment
        • Prime ICO Advertising and marketing Companies
        • Bank of America will provide up to $250 million
        • Bank of America VC: You tend to do the wrong thing at the wrong time
          • Bitcoin Price Jump as Coronavirus Curve Begins to Flatten
            • Bitcoin Price Today April 3
            • Bitcoin Price Is Sometimes Bullish in Q2
            • Bitcoin Price Tumble Beneath $ 6,000
            • BTC Price Today 5 | April, 2020
            • Bitcoin Price and S&P 500 – Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter
              • Today Bitcoin Price at $6,600
                • Bitcoin Price Bulls Reaches: “Live or Die”
                • BTC Price Today | 6 April 2020
          • Bank of America sees big year for Microsoft ahead
            • American Airlines coronavirus downgrade
              • Bitcoin Price Rejected $6,600
              • Bitcoin Price Trace It Will Fall to $ 5 K
              • BTC Price Today April 4
                • Stock Market Today 31 March, 2020
              • US Bank Raises $586M Against COVID-19
                • Bank of America’s Solid Liquidity to Help Covid-19 Crisis
  • Lifestyle
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          • Is Roblox shutting down? Vs. Robox will be listed NYSE
      • Music
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    • Luxury
      • Most Expensive Watches
      • Best Luxury Clothing Brands
      • Best Luxury SUVs for 2020
      • Porsche
      • Luxury Yatchs
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      • Best Electric Cars
      • Best Luxury Yoga Retreats
      • The Best Luxury Sports Cars
      • Best Time to Buy a Car
    • Health
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        • Direct Payments in coronavirus
    • Tech
      • iPhone 12
  • Banking
    • Banks “Best of…”
      • Best Online Banks of 2020
      • Best Bank for Home Loans 2020
      • Best Bank for FHA Loan of 2020
      • Best Bank Interest Rates March 2020
      • Best Bank Promotions and Bonuses 2020
      • Best Online Checking Accounts of 2021
      • Best Money Market Accounts of 2020
      • Best CD Rates of 2020
      • Best Online Savings Accounts of February 2020
      • Best KYC Solutions 2020
      • 7 Best Mobile Banking App 2020
    • Banks Guides
      • KYC Verification: How it is Done?
      • Personal Finances in Coronavirus
      • 6% cd rates – They Exists ?
    • Transfer Money Online
      • Send Money Online
      • Best App To Send Money Online
    • Mobile Banking
    • Digital Bank
      • JPMorgan Chase
      • Capital One
      • Royal Bank of Canada
      • Royal Dutch Shell
      • Chase Online
      • Western Union
  • Credit Cards
    • Credit Cards “Best of…”
      • Capital One Credit Card – Best Cards of 2020
      • Best Credit Cards for Students 2020
      • Best Airline Credit Card 2020
      • Best Gas Rewards Credit Cards of 2020
      • Best hotel credit cards for 2020
      • Best Cash Back Credit Cards 2020
      • Best Travel Credit Card 2020
      • Best No Annual Fee Credit Cards 2020
      • Best Secured Credit Cards 2020
      • Best Credit Cards for Bad Credit 2020
      • Best Rewards Credit Card 2020
      • Best 0% APR Credit Cards of February 2020
      • The Best Credit Card for Balance Transfers 2020
      • Best Buy Credit Card 2020
      • Best Credit Cards of July 2020
      • 11 Best Prepaid Debit Cards of 2020
      • Best Business Credit Cards 2020
    • Cards
      • American Express
      • Lowe’s Credit Card
      • Get Revolut Card + £50
      • Qantas Credit Card
      • Chase Credit Card
      • Coles Mastercard
      • Capital One
      • Home Depot Credit Card
    • Credit Cards Guides
      • How many credit cards should I have?
      • Is Discover Visa or Mastercard?
    • Credit Cards Reviews
      • First Premier Credit Card Review
      • Fortiva Credit Card Review
      • Indigo Credit Card Review
      • Wells Fargo Propel – Review
      • Walmart Money Card – Review
      • Credit One Credit Card Review
      • Discover it® Cash Back – Review
      • Travel credit card reviews 2020
      • Petal Credit Card Review
      • Apple Credit Card Review
      • Capital One Venture Rewards Credit Card Review
      • Amazon Credit Card Review
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      • Joe Biden
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      • Scott Morrison
      • Boris Johnson
      • Angela Merkel
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  • Mortgages
    • Mortgage “Best of…”
      • Best Mortgage for Low Down Payment 2020
      • Best Mortgage Rates
      • Best VA Mortgage Lenders of 2020
      • Greatest On-line Mortgage Lenders
      • The Best Mortgage Lenders for First Time Home Buyers
    • Mortgage Calculators
      • Mortgage calculator rates today April 1, 2020
      • Mortgage Calculator – Students Benefits
      • Mortgage Calculator – Homeowners and renters Get Payment Relief
      • Calculator for mortgage to millennials
      • Mortgage Calculator Modification – What Is?
      • Mortgage Calculator Canada: Rates Are Rising
      • Mortgage Calculator Home – Is it time to repair your own home mortgage?
      • Mortgage Calculator
      • Mortgage Calculator Rates Today April 3
      • Mortgage Calculator Online
      • Mortgage Calculator Coronavirus: UK mortgage market goes into lockdown
    • Mortgage Guides
      • Lending
      • How Mortgage Forbearance Works Under CARES Act
      • Stimulus Check
    • Mortgage Companies
      • Nationstar Mortgage
      • Roundpoint Mortgage
      • Midland Mortgage
      • Simple Mortgage Calculator
      • Freedom Mortgage
      • SunTrust Mortgage
  • Commodities
    • Energy
      • WTI Oil Prices
      • Brent Crude
      • Crude Oil
    • Agricultural Products
      • Corns
    • Livestock & Meat
      • Lean Hogs
    • Precious Metals
      • Platinum
      • Gold
        • Best Place to Buy Gold
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HIVE Blockchain Will increase Subsequent Era Bitcoin Mining Energy at Inexperienced Vitality-Powered Operation in Quebec; Pronounces Up to date Timing for Submitting of Monetary Statements

Judie Simms by Judie Simms
September 1, 2020
in Bitcoin
0

Home » HIVE Blockchain Will increase Subsequent Era Bitcoin Mining Energy at Inexperienced Vitality-Powered Operation in Quebec; Pronounces Up to date Timing for Submitting of Monetary Statements

The MarketWatch Information Division was not concerned within the creation of this content material.

Vancouver, British Columbia, Aug 31, 2020 (Newsfile Corp by way of COMTEX) —
Vancouver, British Columbia–(Newsfile Corp. – August 31, 2020) – HIVE Blockchain Applied sciences Ltd. (TSXV: HIVE) (OTCQX: HVBTF) (FSE: HBF) (the “Firm” or “HIVE”) is happy to announce that it has put in 1,000 MicroBT WhatsMiner M30S miners with an mixture working hashpower of 93 Petahash per second (PH/s) because it continues to scale up subsequent era mining energy at its inexperienced energy-powered bitcoin mining operation in Quebec. The Firm additionally pronounces that it expects to file its audited monetary statements, associated administration dialogue and evaluation and certifications of economic statements for the fiscal yr ended March 31, 2020 on or about September 10, 2020 somewhat than the scheduled due date of July 29, 2020, because it depends on the Canadian regulatory pronouncement as a result of COVID-19 world pandemic that every one public firms are supplied a 45-day extension interval.

New Miners

Following the set up of the 1,000 MicroBT WhatsMiner M30S miners, HIVE’s mixture working hash charge particularly from subsequent era mining gear at its Quebec facility is now roughly 217 PH/s, using roughly 9.1 megawatts (MW) energy, equating to roughly 23.eight PH/MW of energy, which HIVE believes is without doubt one of the most power environment friendly bitcoin mining operations in Canada.

The brand new gear consists of 600 M30S 90 terahashes per second (TH/s) items, 300 M30S 88 TH/s items, and 100 M30S 86 TH/s items. The price is roughly $1,935 per unit, or simply below $2M. The gear will initially be hosted by HIVE on behalf of an institutional consumer. Nonetheless, it’s anticipated that HIVE will enter right into a subsequent financing settlement with this consumer through which HIVE will assume possession of the gear with cost made via cash available and thru a loan supplied by this consumer and secured in opposition to the miners.

As beforehand introduced final month, HIVE additionally ordered 200 extra Bitmain Antminer S17e miners, with an mixture working hashpower of 12 PH/s. With the manufacturing and supply delays which can be being skilled at Bitmain, the timing of the supply and set up of this new mining gear is unsure.

Monetary Statements

As beforehand introduced, as a consequence of circumstances created by the COVID-19 world pandemic, the Firm is counting on the 45-day extension interval for the submitting of its monetary statements and associated supplies supplied to issuers by Canadian regulators, as enacted in Instrument 51-517 – Non permanent Exemption from Sure Company Finance Necessities with Deadlines throughout the Interval from June 2 to August 31, 2020 by the British Columbia Securities Fee (“BCSC”) (“BC Instrument 51-517”).

As required by BC Instrument 51-517, the Firm discloses the next:

The Firm now expects to file its audited monetary statements, associated administration dialogue and evaluation and certifications of economic statements for the fiscal yr ended March 31, 2020 on or about September 10, 2020 and the quarterly report for the primary quarter ended June 30, 2020 together with the associated administration dialogue and evaluation on or about October 13, 2020.

Within the interim, the Firm’s administration and different insiders are topic to a buying and selling black-out coverage that displays the rules in Part 9 of Nationwide Coverage 11-207 – Failure-to-File Stop Commerce Orders.

The Firm confirms that for the reason that submitting of its monetary statements and associated administration dialogue and evaluation for the interval ended December 31st, 2019, there have been no materials enterprise developments aside from these disclosed via information releases.

HIVE Shares Gross sales by Cryptologic Corp.

The Firm’s administration has been made conscious of the current divestiture of HIVE widespread shares held by Cryptologic Corp. pursuant to an orderly gross sales course of outlined within the settlement. Cryptologic had obtained 15 million HIVE shares in April 2020 as a part of the acquisition price for HIVE’s acquisition of Cryptologic’s 30-MW capability bitcoin mining operation in Quebec. The shares have been topic to a four-month lock-up settlement, which has now expired.

About HIVE Blockchain Applied sciences Ltd.

HIVE Blockchain Applied sciences Ltd. is a progress oriented, TSX.V-listed firm constructing a bridge from the blockchain sector to conventional capital markets. HIVE owns state-of-the-art digital forex mining services in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum constantly. Our deployments present shareholders with publicity to the working margins of digital forex mining in addition to a rising portfolio of crypto-coins.

For extra data and to register to HIVE’s mailing record, please go to www.HIVEblockchain.com. Observe @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.

On Behalf of HIVE Blockchain Applied sciences Ltd.

“Frank Holmes”

Interim Government Chairman

Investor Relations:

Frank Holmes
Tel: (604) 664-1078

information@hiveblockchain.com

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.

Ahead-Wanting Data

Aside from the statements of historic truth, this information launch accommodates “forward-looking data” throughout the which means of the relevant Canadian securities laws that’s primarily based on expectations, estimates and projections as on the date of this information launch. The knowledge on this information launch that’s forward-looking data, embody: statements about anticipated financing preparations for the 1,000 MicroBT WhatsMiner M30S miners; scaling up subsequent era mining energy on the Firm’s inexperienced energy-powered bitcoin mining operation in Quebec; estimates of working hash charge from subsequent era mining gear on the Firm’s Quebec facility; enhance of mining effectivity; timing of supply and set up of 200 extra Bitmain Antminer S17e miners beforehand ordered; details about Cryptologic and the sale of the Firm’s shares; constructive gross mining margins put up the current halving of Bitcoin rewards; the anticipated submitting date for the Firm’s annual and interim monetary statements, MD&A and associated filings; and the intentions, plans and future actions of the Firm. This forward-looking data relies on affordable assumptions and estimates of administration of the Firm on the time it was made, and entails identified and unknown dangers, uncertainties and different components which may trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking data. Such components embody, amongst others: supply and set up of ordered miners may not happen as presently anticipated, or in any respect;enhance in energy utilization effectivity and decrease working prices may not happen as presently anticipated, or in any respect; the Firm may by no means notice extra environment friendly operations, a decrease value construction, or better flexibility in operation; the Firm may not file its annual and interim monetary statements, MD&A and associated filings within the timeframe contemplated; and different associated dangers as extra totally set out within the Firm’s steady disclosure document filed at www.sedar.com. The Firm has additionally assumed that no important occasions happen exterior of the Firm’s regular course of enterprise. Though the Firm has tried to establish vital components that might trigger precise outcomes to vary materially, there may be different components that trigger outcomes to not be as anticipated, estimated or supposed. There will be no assurance that such statements will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data. The Firm undertakes no obligation to revise or replace any forward-looking data aside from as required by regulation.

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/62931

COMTEX_370436877/2523/2020-08-31T18:15:23

Is there an issue with this press launch? Contact the supply supplier Comtex at editorial@comtex.com. You may also contact MarketWatch Buyer Service by way of our Buyer Middle.

copyright (c) newsfile corp. 2020. all rights reserved

The MarketWatch Information Division was not concerned within the creation of this content material.

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