Brief: Hive Blockchain Reports Q2 Loss Per Share $0.04

HIVE Digital Technologies

02/12/2019 11:35

Dec 2 (Reuters) - HIVE Blockchain Technologies Ltd  HIVE.V :
    * HIVE BLOCKCHAIN REPORTS SECOND QUARTER FINANCIAL RESULTS
    * HIVE BLOCKCHAIN TECHNOLOGIES - DECIDED TO SUSPEND 200
PETAHASHES
OF CLOUD MINING CAPACITY AS CURRENT-QUARTER HAS BECOME
UNPROFITABLE FOR MINING
    * QUARTERLY LOSS PER SHARE $0.04
    * HIVE BLOCKCHAIN TECHNOLOGIES - HALVING OF BITCOIN REWARDS
EXPECTED TO OCCUR IN MAY 2020
    * CURRENTLY REVIEWING MARKET CONDITIONS & ANTICIPATED IMPACT
ON
LEGACY ASIC MINERS FROM HALVING OF BITCOIN REWARDS

Source text for Eikon:  ID:nCNWFxQw7a 
Further company coverage:  HIVE.V 

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