Brief: Hive Blockchain And Genesis Mining Announce Settlement And Reboot Of Mining Operations In Sweden

HIVE Digital Technologies

28/06/2019 22:06

June 28 (Reuters) - HIVE Blockchain Technologies Ltd
 HIVE.V :
    * HIVE BLOCKCHAIN AND GENESIS MINING ANNOUNCE A SETTLEMENT
AND THE
REBOOT OF MINING OPERATIONS IN SWEDEN
    * HIVE BLOCKCHAIN TECHNOLOGIES - HIVE AND GENESIS WILL
REBOOT
HIVE'S 20.4 MEGAWATT ("MW") FACILITY IN SWEDEN WITH 14,000 GPUS
MINING ETHEREUM
    * HIVE BLOCKCHAIN TECHNOLOGIES - HIVE WILL CONTINUE TO
RECEIVE 300
PETAHASH ("PH") OF CLOUD-BASED ASIC BITCOIN MINING CAPACITY FROM
GENESIS
    * HIVE BLOCKCHAIN TECHNOLOGIES - WILL ASSUME RESPONSIBILITY
FOR
OPERATION OF SWEDEN AND ICELAND DATA CENTERS FROM GENESIS TO
ITSELF OR A THIRD PARTY
    * HIVE BLOCKCHAIN TECHNOLOGIES - BOARD  WILL UNDERGO
RESTRUCTURING
WHICH WILL SEE MARCO STRENG & BJÖRN ARZT RESIGN AS DIRECTORS OF
CO AND SUBSIDIARIES
    * HIVE BLOCKCHAIN - UNDER AGREEMENT, FOR 3 YRS, GENESIS
ENTITLED
TO NOMINATE 1 DIRECTOR TO CO'S BOARD PROVIDED IT CONTINUES TO
HOLD NO LESS THAN 10% OF CO'S SHARES

Source text for Eikon:  ID:nCNW0yfrra 
Further company coverage:  HIVE.V 

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