Hive Blockchain Technologies Ltd: HIVE Blockchain Completes Acquisition of Green Energy 50 MW Data Centre in New Brunswick with Potential to Grow to 80 MW
prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated
January 27, 2021.
VANCOUVER, BC / ACCESSWIRE / April 19, 2021 / HIVE Blockchain Technologies Ltd. (TSX.V:HIVE)(OTCQX:HVBTF)(FSE:HBF) (the Company or HIVE ) is pleased to announce that it has completed its previously announced acquisition of a 50 megawatt ( MW ) data centre campus in New Brunswick (the Campus ) from GPU.One Holding Inc. ( GPU One ), to expand HIVE s Canadian footprint. This acquisition will build long term assets on our balance sheet and complements our ESG strategy to only mine coins on the cloud from sources of low-cost surplus green energy. Further, GPU One key management with many years of deep data centre experiences will be joining the HIVE team.
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Bitcoin’s green haven is running out of surplus electricity
The Nordic region is facing a renewable energy crunch as heavy industries and bitcoin miners compete for clean power
By Ragnhildur Sigurdardottir, Lars Paulsson and Jesper Starn / Bloomberg
The Nordic region is losing its edge in green bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Tesla Inc chief executive officer Elon Musk to mom-and-pop investors pile in.
Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins are mined, relies mainly on coal. That Nordic power surplus is set to dwindle as aluminum smelters, oil rigs and steelmakers thirst for renewable energy.