Not for distribution to U.S. news wire services or dissemination in the United States Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (the “Company” or “HIVE”), the leading publicly listed blockchain infrastructure company, is pleased to announce that it has closed the first tranche (“First Tranche”) of its previously announced private placement of up to C$115 million (the “Offering”) co-led by GMP Securities L.P. and Eventus Capital Corp. and including Haywood Securities Inc. and PI Financial Corp. (collectively, the “Agents”). The First Tranche consisted of a total of 15,873,100 units (the “Units”) sold at a price of C$3.15 per Unit for gross proceeds raised of C$50,000,265. Each Unit consists of one common share (a “Share”) and one Share purchase warrant (a “Warrant”), with each Warrant entitling the holder to purchase one Share at a price of $3.90 until November 14, 2019. The Shares and the Warrants issued under the First Tranche are subject to a hold period expiring April 19, 2018. The Company anticipates that the Warrants will be listed on the TSX Venture Exchange (the “Exchange”) shortly after the hold period expires, subject to meeting the conditions in Exchange approval. In connection with the First Tranche, the Agents received a cash commission equal to 6% of the gross proceeds raised in the First Tranche. The final closing of the Offering of up to an additional of $65 million (the “Final Tranche”) is expected to be December 29, 2017. Closing of the Final Tranche is subject to certain conditions typical for a transaction of this nature and the receipt of all necessary regulatory approvals, including the approval of the Exchange. The net proceeds of the Offering are expected to be used to fund the completion of the Sweden Bitcoin Data Centre and the Phase 3 Expansion at the Sweden GPU Data Centre (as described in the Company’s December 13, 2017 news release), and for general working capital purposes. About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd. to build the next generation of blockchain infrastructure. HIVE owns state-of-the-art GPU-based digital currency mining facilities in Iceland, which produce newly minted virgin digital currency like Ethereum around the clock, and is in the midst of a major expansion of operations into Sweden. For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel. On Behalf Of HIVE Blockchain Technologies Ltd. "Harry Pokrandt" President, CEO and Director For further information please contact: Harry Pokrandt Tel: (604) 609-6110
HIVE Blockchain Technologies has closed its first tranche of up to CAD115m ($90m), in a round led by GMP Securities and Eventus Capital. The round of private placement also included Haywood Securities and PI Financial. The tranche involved the sale of over 15 million units, each comprising one common share and one share purchase warrant, valid up until 14 November 2019. Each unit was sold at a price of CAD3.15. Gross proceeds were CAD50m, with a final closing for up to CAD65m expected to take place on 29 December 2017.