Wednesday, May 7, 2025

Latest

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

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Hive Blockchain Closes $115.0 Million Financing

Hive Blockchain (TSXV: HIVE) is now cashed up and ready to spend on growth. The...

Wednesday, December 1, 2021, 09:06:59 AM

Energy Giants Look To Move Into Cryptocurrency Space, Pressuring Miners

In late August 2020, international energy giant Equinor ASA (NYSE: EQNR) reportedly decided to partner...

Monday, September 28, 2020, 02:09:00 PM

A Possible NFT Crackdown From China? – The Daily Dive

Frank Holmes of US Global Investors and Hive Blockchain (TSXV: HIVE) joins us on the...

Friday, November 12, 2021, 01:30:00 PM

Is Ethereum Basically A Digital Silver? – The Daily Dive

Today on the Daily Dive, we sit down with Hive Blockchain (TSXV: HIVE) President Aydin...

Wednesday, November 10, 2021, 01:30:00 PM

HIVE Blockchain Nearly Doubles Bitcoin Mining Capacity

HIVE Blockchain Technologies (TSXV: HIVE) appears to be heavily focused on expansion, with the company...

Friday, November 6, 2020, 09:44:42 AM