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HIVE Blockchain (OTC:HVBTF) announcing quarterly, year end results July 18

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HIVE Blockchain Technologies Ltd. (TSXV:HIVE) (OTC:HVBTF) will be announcing its financial results for the three and twelve months ended Mar. 31, 2018, on Wed., July 18 after market close.

Management will host a webcast on Thurs., Jul. 19, 2018, at 8:30 am 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;
  • Since the commencement of mining in September 2017 until Mar. 31, 2018, HIVE Blockchain mined more than 17,000 Ethereum coins and 54,000 Ethereum Classic coins.
  • Subsequent to quarter end, HIVE Blockchain 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.” Mr. Pokrandt said.

 

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Stu Lustman is a finance guy turned fintech writer when he started his blog P2PLendingExpert.com back in 2013. Stu focuses on peer to peer lending and other decentralized investments including cryptocurrencies. You can email Stu at Stu@p2plendingexpert.com or connect w/ him on Twitter @StuFinancesTech

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