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RETRANSMISSION: HIVE Presents Record November 2021 Production Figures and Provides Corporate Update

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Vancouver, British Columbia–(Newsfile Corp. – December 3, 2021) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBF) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of November 2021, with a BTC HODL balance of 1,584 Bitcoin as of today.

November 2021 Production Figures

Following a record Q2 2022 earnings report (period end September 30, 2021), HIVE is pleased to announce its November 2021 production figures. The Company notes it currently has:

  • 218 BTC Produced
  • $13.2M USD Bitcoin mining revenue
  • 1.31 ExaHash of Bitcoin mining capacity
  • 2,334 ETH Produced
  • $10.4M USD Ethereum mining revenue
  • 4.36 TeraHash of Ethereum mining capacity
  • $23.6M USD Total Revenue

Frank Holmes, Executive Chairman of HIVE, stated, “We are very pleased to report HIVE has continued its strong momentum following our record-breaking October production figures; this trend is continued in our November production where HIVE is again generating over $280M USD in annual revenue on a run-rate basis using November figures, or approximately $350M CAD.”

Aydin Kilic, President & COO of HIVE, noted, “We would like the investing public and crypto enthusiasts to understand the financial relationship between BTC and ETH mining. For example, in the month of November, 1,000 GH/s of ETH mining was equivalent if measured in daily revenue from the value of coins produced to approximately 228 PH/s of Bitcoin mining.” The Company believes it’s unique position of having a large Bitcoin and Ethereum mining footprint provides investors a unique value proposition. Mr Kilic continued, “Similarly, where one can equate hashrate on a revenue basis between BTC and ETH, you can also equate the value of the coins on a daily basis, as such on a daily basis the 2,334 ETH that HIVE produced during the month of November is approximately equal in value to producing a monthly total of 171 BTC. This is in addition to the 218 BTC produced from our Bitcoin mining operations.”

The Company’s total Bitcoin equivalent production in November 2021 was:

  • 389 BTC Equivalent Produced
  • 13 Bitcoin Equivalent produced per day on average
  • 2.3 ExaHash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH Hashrate)

Network Mining Difficulty

The Bitcoin network difficulty increased as much as 5% and similarly the Ethereum network difficulty increased approximately 8% during the month of November. These increases in difficulty are factors in the decrease in BTC and ETH produced in November compared to the previous month.

About HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.

HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. HIVE traded over 2 billion shares in 2020.

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.

On Behalf of HIVE Blockchain Technologies Ltd.
“Frank Holmes”
Executive Chairman

For further information please contact:
Frank Holmes
Tel: (604) 664-1078

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian and U.S. securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes but is not limited to, the potential for the Company’s long-term growth, and the business goals and objectives of the Company.

Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from carrying out its expansion plans or operating its assets; and other related risks as more fully set out in the registration statement of the Company and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and www.sedar.com.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies will be consistent with historical prices; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to their inherent uncertainty.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106426

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AMN utilises SpaceX’s Starlink Constellation to Connect Rural Villages in Nigeria

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LONDON, April 18, 2024 /PRNewswire/ — AMN is pleased to announce that the first AMN base station is now live using LEO backhaul from SpaceX’s Starlink. In 2023, AMN announced a commercial agreement to use Starlink, SpaceX’s constellation of satellites in low Earth orbit, to connect AMN’s mobile network base stations with high-speed, low-latency broadband services.

By utilising Starlink terminals to provide low-latency satellite backhaul, we are able to deliver the full capability of AMN’s unique multi-carrier radio access node (the ARN) with 3G and 4G as well as 2G, with ever-increasing amounts of bandwidth and data volumes demanded by subscribers whilst remaining economically sustainable. The LEO backhaul also paves the way for AMN to deliver 5G services, targeted before the end of 2024.

AMN began rolling out rural base stations in Nigeria in 2018, and the company now owns and operates 1600 base stations across the country. Yebu was the first rural community to be connected using AMN’s ubiquitous solar powered base station. The village is located approximately 80km from Abuja, but can take four hours to reach due to road conditions. Yebu is predominantly an agricultural community, with a market offering local farmers the opportunity to sell their goods.

Since connecting the community in November 2018, AMN has processed more than 9 million voice minutes in Yebu, with significant growth in 2022 and 2023 following the BTS upgrade to AMN’s own radio node (ARN). AMN became an OEM for RAN equipment in 2020 following the acquisition of Range Networks, and now operates more than 1200 ARN across Africa and Latin America. The impact of this strategic move is clear in Yebu. In 2023, the site processed almost three times the amount of traffic than it did in 2020.

“Yebu community was left behind and blind but the coming of Africa Mobile Networks in 2018 has made us to achieve a lot of things like police division station, 24 hours solar light and steady communication all over the world. Before then there was nothing like those things listed.” – Salihu, on behalf of the Yebu community

AMN believes that all communities of any significant size should have access to telecommunication services to benefit the population educationally, economically and socially. AMN has deployed over 4000 base stations across Africa and Latin America. Installation of new sites continues throughout 2024 in Nigeria, DRC, Cameroon, Madagascar, Ivory Coast, Benin and Rwanda. At AMN, we appreciate that any solution to close the digital divide must be economically sustainable and offer a service of the same quality as in urban areas. From designing and manufacturing our own BTS, uniquely developed for the solar-powered rural site, to offering cutting-edge backhaul solutions, we are committed to bringing high quality connectivity to those living in rural and ultra-rural areas.

CONTACT: Jennifer Darcy, [email protected], +44 1908 394482

 

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Canaan Shines at Blockchain Life 2024 in Dubai

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DUBAI, UAE, April 18, 2024 /PRNewswire/ — Canaan Inc. (Nasdaq: CAN), the creator of ASIC Bitcoin miners, captured the spotlight at the highly anticipated Blockchain Life 2024 event in Dubai, UAE, on April 15th-17th. As the world’s first blockchain company listed on Nasdaq, Canaan introduced its cutting-edge One-Stop Mining Solutions, flagship Avalon miners, and the eye-catching Avalon Nano 3. Canaan also emphasized strategies of Bitcoin green mining in the Middle East.

One-Stop Mining Solutions

Canaan is the creator of the ASIC Bitcoin mining chip and has been consistently upgrading new products and services to facilitate greener and easier mining experiences for the clients.

The transition towards sustainable stable and reliable Bitcoin mining investments has inspired Canaan to develop One-Stop Mining Solutions with high ROI to customers and adapting to various environment including high-temperature, dusty and sandy scenarios. Avalon Miners features leading PE performance, most cost-effectiveness. Avalon Boxes offer customized with air-cooling and immersion cooling Bitcoin miners, along with ready sites for swift deployment of mining rigs in seven countries worldwide.

Avalon Nano

Avalon Nano is the coolest handy miner in the world, designed to be portable and user-friendly. Resembling a mobile hard disk, it’s compact enough to fit in your pocket and comes in lively colors.

Avalon Nano aims to make mining more accessible to everyone, while creatively raising public awareness about Bitcoin mining. Easy to set up, this innovative product has garnered positive feedback from customers for its quiet operation and simplicity. Avalon Nano stands out with its dual functionality – it is not only capable of mining Bitcoin but can also provide warmth for your hands and feet during chilly winters.

Green Bitcoin Mining

The Middle East is at the forefront of green transition efforts, aligning perfectly with Canaan’s green mining strategy. Canaan’s green mining strategy focuses on enhancing the environmental friendliness of Avalon miners and Avalon Boxes. Canaan is dedicated to developing more efficient chip designs and air-cooling mining rigs, leading the global development of immersion cooling miners. Through collaborations with partners in Kazakhstan, Ethiopia, and the US, Canaan is actively promoting green mining practices by utilizing clean energies such as hydroelectricity.

Committed to advancing the prosperity and sustainability of the Bitcoin mining ecosystem, Canaan continues to set the standard as a prominent player in the Bitcoin mining industry. By providing cutting-edge technology and comprehensive services, Canaan keep empowering its partners and driving innovation across the mining industry.

Media Contact: [email protected]

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CIIE Encourages Namibian Enterprises to Explore Business Prospects in China

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SHANGHAI, April 18, 2024 /PRNewswire/ — On April 9, a promotional event for the seventh China International Import Expo (CIIE) and the Hongqiao International Economic Forum took place in Windhoek, the capital of Namibia. The event drew approximately 120 attendees, including officials from Namibia’s Ministry of Industrialization and Trade, the Namibia Investment Promotion and Development Board (NIPDB), local businesses, and exhibition organizers.

Shen Jian, the acting chargé d’affaires of the Chinese embassy in Namibia, highlighted that China is Namibia’s second-largest trade partner and the leading source of foreign direct investment for several years running. He expressed his hope that the event would enhance Namibian businesses’ understanding of the CIIE and encourage them to introduce more high-quality Namibian products to the Chinese market, thus sharing in China’s development opportunities.

Song Shangzhe, a representative from the CIIE Bureau, provided insights into the expo’s benefits. He noted that the CIIE has successfully facilitated the entry of a growing number of African businesses and their distinctive products into the Chinese market over the past six years. He reaffirmed the CIIE’s commitment to supporting African enterprises, including those from Namibia, in gaining access to the Chinese market.

Yu Zirong, vice-president of the Chinese Academy of International Trade and Economic Cooperation, briefed on the Hongqiao International Economic Forum, a key component of the CIIE. He advocated for the inclusion of more topics relevant to developing nations, especially those in Africa, in the forum’s agenda. Yu also expressed his anticipation for greater focus, involvement, and contributions from Namibian and other African entities in upcoming sessions of the forum.

Namibian government officials and trade association representatives indicated their commitment to actively encouraging local businesses to participate in the CIIE, aiming to capitalize on the opportunities available in the Chinese market.

The CIIE working team also visited various Namibian institutions and businesses, such as NIPDB and Namib Desert Diamonds Ltd, to promote their participation in the expo.

Contact: Ms. Cui Yan
Tel: 0086-21-968888
Email: [email protected] 
Website: http://www.ciie.org/zbh/en/
Facebook: https://www.facebook.com/ciieonline
Twitter: https://twitter.com/ciieonline

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