Hive Blockchain Announces US$100.0 Million At The Market Financing

Hive Blockchain (TSXV: HIVE) this evening announced that it is conducting a US$100 million at the market financing. The financing is being conducted as a result of the liquidity the company has seen as of late within its equity, with the firm reporting that it was the most liquid stock on the TSX Venture in 2020.

The at the market financing is being conducted in conjunction with Canaccord Genuity, whom will be facilitating the sale of the firms shares directly on the market from time to time. The method of financing was reportedly selected for its cost of capital and flexibility.

In regards to the use of proceeds from the ATM financing, the company has indicated that they “are not determinable in light of the nature of the distribution.” As a result, the firm fell back on the standard working capital and general corporate purposes jargon, while outlining that funds may be used for future acquisitions or to repay indebtedness.

Hive Blockchain last traded at $2.70 on the TSX Venture.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

2 Responses

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Hive Blockchain Buys 6,500 Bitcoin Miners, Expects Hashrate To Increase By 585 PH/s

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today the purchase of 6,500 bitcoin miners. The...

Thursday, October 21, 2021, 10:41:16 AM

Bitfarms To Acquire 48,000 New Miners, Massively Expanding Capacity

It appears that Bitfarms (TSXV: BITF) has had enough when it comes to measuring up...

Tuesday, March 2, 2021, 08:12:57 AM

Hive Blockchain Exceeds 1 Exahash Per Second In Bitcoin Mining

As it had announced earlier this month, HIVE Blockchain Technologies Ltd. (TSXV: HIVE) shared that...

Friday, August 27, 2021, 07:33:00 AM

Ethereum Smart Contracts Are The Internet Of The Blockchain – The Daily Dive

Joining us on the Daily Dive today is frequent guest Frank Holmes, the Executive Chairman...

Thursday, October 21, 2021, 01:30:00 PM

Hive Blockchain Records US$37.2 Million In Revenue For Fiscal Q1 2022

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today its financial results for the fiscal Q1...

Monday, October 4, 2021, 09:22:00 AM