HIVE Announces ATM Equity Program
On February 2, 2021 HIVE Blockchain Technologies Ltd. (“HIVE” or the “Company”) announced that during calendar 2020 it was the most liquid stock trading over 1.7 billion shares combined on the TSX Venture Exchange (“TSX.V”) and Canadian alternative trading systems (“ATS”) in Canada, was ranked 4th on the OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year and that it has entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Canaccord Genuity Corp.
Pursuant to the Equity Distribution Agreement, the Company may, from time to time, sell up to US$100 million of common shares (“Common Shares”) in the capital of the Company (the “ATM Equity Program”).
The Company intends to use the net proceeds of the ATM Equity Program, if any, principally for general corporate and working capital requirements, funding ongoing operations, to repay indebtedness outstanding from time to time, to complete future acquisitions, or for other corporate purposes.
HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins.
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