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Hive Blockchain Set To Double Bitcoin Mining Capacity Through $2.8M Share Deal
Summary: Hive, the publicly listed bitcoin mining operator, is set to double the size of its operations in a multi-million-dollar deal, with the majority of the acquisition funded through a sale of its shares. According to an announcement from HIVE Blockchain, the firm is set to acquire an existing 30-megawatt (MW) mining operation in Quebec from ...
Hive, the publicly listed bitcoin mining operator, is set to double the size of its operations in a multi-million-dollar deal, with the majority of the acquisition funded through a sale of its shares.
According to an announcement from HIVE Blockchain, the firm is set to acquire an existing 30-megawatt (MW) mining operation in Quebec from rival Canadian mining company Cryptologic for CA$4 million (around US$2.8 million). The majority of this purchase will be met through the sale of 15 million of HIVE's common shares, at CA$0.20 each (US$0.14), to Cryptologic, for a total CA$3 million (US$2.1 million).
By Ramsey Baker
Tags: Acquisition,Cryptologic,Hive,Shares
Link: Hive Blockchain Set To Double Bitcoin Mining Capacity Through $2.8M Share Deal [Copy]
