Canaccord Genuity completes ATM offering for Hive Blockchain Technologies

Canaccord Genuity is pleased to announce that on March 8th, 2022, its client Hive Blockchain Technologies (“HIVE”), successfully completed an at-the-market equity program that allowed the Company to issue up to US$100M of common shares. The ATM Program was initially put in place in February 2021 to support the company’s general corporate and working capital requirements. At the conclusion of the program, the company had raised gross proceeds of US$99.5M under the program.

Hive is a is a cryptocurrency mining company that utilizes green energy to operate facilities in Canada, Sweden, and Iceland. The company’s objective is to provide investors with exposure to digital currency mining and the general cryptocurrency industry. Hive is listed on the TSX Venture and Nasdaq Capital Market under the symbol HIVE.

Canaccord Genuity acted as sole agent to Hive Blockchain Technologies. The Canaccord Genuity team included Jamie Brown from Investment Banking, Ron Sedran and Emily Jameson from Equity Capital Markets, and Darren Hunter and Eric Cheung from Sales & Trading.