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HIVE Blockchain Completes Acquisition of Green Energy 50 MW Data Centre in New Brunswick with Potential to Grow to 80 MW

Share: 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.

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

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.

Highly Speculative Hive Stock Continues to Intrigue Investors

Amid strong retail investor interest, crypto plays like Hive Blockchain Technologies(TSXV:HIVE) continue to see impressive demand. Indeed, the buzz surrounding cryptocurrencies has favoured blockchain plays, like Hive, today. That said, these investments aren’t without risk. In fact, I think Hive and its blockchain peers remain highly speculative in nature. Thus, risk-seeking investors may want to give companies like Hive a shot today. However, those with lower risk appetites may do best sitting on the sidelines. That said, sitting on the sidelines is a tough place to be when you’re watching cryptocurrencies appreciate as rapidly as they are. There’s a fear of missing out (FOMO) taking hold in the market today. And I think the FOMO trade is a key factor behind the surge in crypto options like Hive right now.

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