Saturday, July 5, 2025

Latest

Hive Blockchain Closes $115.0 Million Financing

Hive Blockchain (TSXV: HIVE) is now cashed up and ready to spend on growth. The firm last night announced the closing of its previously announced private placement, which brought in gross proceeds of $115.0 million.

The financing saw the sale of special warrants at a price of $6.00 per each, with a total of 19.2 million such warrants sold under the financing, including the over allotment option. Each warrant is to convert into one unit of the company, with each unit containing one common share and one half of a common share purchase warrant.

Purchase warrants under the offering are valid for a period of 30 months following the close of the offering, and contain an exercise price of $6.00 per share.

Proceeds from the financing are to be used to support business growth, as well as working capital and general corporate purposes. Specifically, the firm is looking to expand its production beyond 3 exahash in the first part of 2022.

Hive Blockchain last traded at $4.84 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.

Video Articles

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Another Giant E&P Company Enters Bitcoin Mining Industry; Negative Margin Implications For Legacy Miners

Very uncharacteristically, Canadian Bitcoin mining stocks, such as Bitfarms Ltd. (TSXV: BITF), Hut 8 Mining...

Sunday, January 3, 2021, 01:30:00 PM

Hive Blockchain Produces 425 Bitcoin Equivalent In January 2022

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) shared today its production results for January 2022. The...

Friday, February 4, 2022, 09:36:00 AM

Hive Blockchain, DeFi Technologies Complete Share Exchange

Hive Blockchain (TSXV: HIVE) has completed a previously announced share exchange agreement with that of...

Wednesday, April 21, 2021, 08:06:35 AM

HIVE Blockchain: Highlights from the Latest Financials

It is widely viewed that when it comes to the blockchain sector, HIVE Blockchain Technologies...

Thursday, March 1, 2018, 07:00:05 AM

Hive Blockchain To Change Nasdaq Symbol to ‘HIVE’

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today that it will start trading on the...

Monday, September 13, 2021, 08:11:32 AM