Brief: Hive Blockchain Provides Update On Proposed Partnership With Argo Blockchain

HIVE Digital Technologies

03/09/2019 18:40

Sept 3 (Reuters) - HIVE Blockchain Technologies Ltd
 HIVE.V :
    * HIVE BLOCKCHAIN PROVIDES UPDATE ON PROPOSED PARTNERSHIP
WITH
ARGO BLOCKCHAIN
    * HAS ENDED DISCUSSIONS CONCERNING A PROPOSED PARTNERSHIP
AND
SHARE SWAP WITH ARGO BLOCKCHAIN
    * WE ARE OF OPINION THAT BEST USE OF CASH IS TO EXPAND
OPERATIONS
IN SWEDEN & NORTH-AMERICA DIRECTLY RATHER THAN INVEST IN ARGO
    * "EARLIER ANALYSIS INDICATED THAT ARGO WAS SIGNIFICANTLY
UNDERVALUED WHICH MADE IT AN ATTRACTIVE INVESTMENT"
    * "TODAY, IN OUR OPINION, ARGO IS FULLY VALUED"

Source text for Eikon:  ID:nCNW9VytDa 
Further company coverage:  HIVE.V 

 ((Reuters.Briefs@thomsonreuters.com;))