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U.S. Global Investors Makes Substantial Profit Through Selling 10 Million Shares Of HIVE Blockchain

Mary Liu

Summary: U.S. Global Investors, Inc. (NASDAQ: GROW) today announced that it has sold 10 million shares of HIVE Blockchain Technologies (OTCQX: HVBTF) with a profit of approximately $18 million. The company plans to reinvest in HIVE through a private placement of unsecured convertible bonds with $15 million, which still require regulatory approval from TSX Venture Exchange. ...

U.S. Global Investors, Inc. (NASDAQ: GROW) today announced that it has sold 10 million shares of HIVE Blockchain Technologies (OTCQX: HVBTF) with a profit of approximately $18 million. The company plans to reinvest in HIVE through a private placement of unsecured convertible bonds with $15 million, which still require regulatory approval from TSX Venture Exchange. Frank Holmes, CEO of GROW, said: "By repositioning our investment in HIVE, we seek to continue participating in the crypto-mining ecosystem while lowering much of the volatility of our investment portfolio."

By Mary Liu

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