HIVE Blockchain Updates Total 2021 Bitcoin Equivalent Production Figures to 4,032

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This press release constitutes a “designated press release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021.

Vancouver, British Columbia – (Newsfile Corp. – January 12, 2022) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (Nasdaq: HIVE) (FSE: HBF) (the “Company” or Press Release of January 10, 2022 “HIVE Blockchain Presents Production Figures for December 2021 and Calendar Year 2021”.

In HIVE’s press release dated January 10, 2022, we underestimated some aspects of our 2021 crypto production.

The press release said that “in summary, the total Bitcoin equivalents mined was 3,222 on a BTC / ETH / ETC basis.” It was incorrect due to a typo.

The total Bitcoin equivalent mined by HIVE in 2021 was 4,032. This takes into account Bitcoin, ETH and ETC mined by HIVE in calendar year 2021.

Here is a summary of the main correction made to the total Bitcoin equivalents mined for the 2021 calendar year.

Original press release: 3,222 BTC equivalents

Real number: 4,032 BTC equivalent

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 technology stock focused on growth in the emerging blockchain industry. As a company whose shares are traded on a major exchange, we bridge the gap between the digital currency and blockchain industry and traditional capital markets. HIVE has state-of-the-art green power-powered data center facilities in Canada, Sweden and Iceland, where we source only green power to mine from the cloud and HODL from both Ethereum and Bitcoin. Since the start of 2021, HIVE has held the majority of its ETH and BTC coin mining rewards in secure storage. Our stocks provide investors with exposure to operating margins from digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns durable assets such as data centers and advanced multi-purpose servers, we believe our stocks provide an attractive way for investors to gain exposure to the cryptocurrency space.

The story continues

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

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

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

For more 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-looking information

Except for statements of historical fact, this press release contains “forward-looking information” within the meaning of applicable Canadian securities laws which are based on expectations, estimates and projections as of the date of this press release. hurry. “Forward-looking information” in this press release includes, without limitation, the business goals and objectives of the Company; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the conditions attached thereto.

Factors that could cause actual results to differ materially from those described in this forward-looking information include, without limitation, 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 not at all; a significant drop in the prices of digital currencies may have a material negative impact on the operations of the Company; the price volatility of digital currencies; the 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 completing its expansion plans or operating its assets ; and other related risks as further described in the Company’s registration statement and other documents disclosed in documents filed by the Company at www.sec.gov/EDGAR and www.sedar .com.

The forward-looking information contained in this press release reflects the Company’s current expectations, assumptions and / or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this press release, the Company has made assumptions about the Company’s objectives, goals or future plans, their timing and related matters. The Company also assumed that no material event occurred outside the normal course of the Company’s business. Although the Company believes that the assumptions inherent in forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and, therefore, one should not place undue reliance on such information due to the uncertainty inherent in such information. -this.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109857

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