HVBT - HIVE gains on increasing production by 46% after buying 3019 high performance bitcoin miners

HIVE Blockchain Technologies (HVBT) +7.2% premarket on buying 3,019 MicroBT WhatsMiner M30S dedicated mining computers, having an aggregate hash power of 264 Petahash per second (PH/s) from Foundry Digital LLC, a wholly owned subsidiary of the Digital Currency Group.The deal consideration includes cash and 1.5M warrants of the company, each full warrant will entitle the holder to acquire one common share for C$3.11 for a period of 2 years.The integration will increase HIVE's overall Bitcoin operating hashrate by approximately 46% and will generate an additional $80K in daily income. With the addition of these 3,019 MicroBT M30S miners, HIVE's aggregate operating hash rate increases from approximately 566 PH/s to 830 PH/s. Frank Holmes, Executive Chairman of HIVE stated "We are pleased to be executing on a transaction that dramatically increases our mining capacity without any logistics delays. Our entry into a North American mining pool furthers our goal of increased transparency and

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HIVE gains on increasing production by 46% after buying 3,019 high performance bitcoin miners