In September of 2017, HIVE Blockchain Technologies went public on the Toronto Venture Exchange. The company was the first cryptocurrency miner to do so in North America, and it was no small feat navigating the regulatory aspects of such trailblazing.The price of Bitcoin would fall from a 2017 high of near $20,000, to down around $3,200 in late 2018. Ethereum fell from over $1,300 in early 2018 to less than $100 by December of ‘18. Most"altcoins" fell even more.
Starting in 2020, we invested heavily in Bitcoin mining, purchasing two major mining campuses located in Canada. In December of 2022, HIVE produced 213.8 Bitcoins. HIVE also earned USD $3.15 million in income from our energy price hedging and grid balancing strategy.
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