Total
0
Shares
Source: Midas Letter
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • HIVE Blockchain (HIVE) has entered into an agreement with Stifel GMP to sell 16,670,000 special warrants for gross proceeds of $100,020,000
  • HIVE will grant the underwriters an option to increase the size of the offering by up to an additional 15 per cent
  • Net proceeds of the offering will be used to acquire miners
  • HIVE is in the business of providing infrastructure solutions in the blockchain industry, including the mining of digital currencies
  • HIVE provides investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC
  • HIVE Blockchain Technologies Ltd. (HIVE) opened trading at C$5.99 per share

HIVE Blockchain (HIVE) has announced a private placement for gross proceeds of $100 million.

The closing of the offering will be subject to receipt of all necessary regulatory and corporate approvals.

HIVE will grant the underwriters an option to increase the size of the offering by up to an additional 15 per cent at any time and from time to time up to 48 hours prior to the closing of the offering.

Each special warrant shall entitle the holder to receive one unit. Each unit shall consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $6.00 for a period of 36 months following the closing of the offering.

HIVE plans to use the net proceeds of the offering for a hardware acquisition program to increase hashrate by one Exahash per second.

The underwriters will receive a six percent cash commission.

HIVE is in the business of providing infrastructure solutions in the blockchain industry, including the mining of digital currencies. 

HIVE Blockchain provides investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC.

HIVE Blockchain Technologies Ltd. (HIVE) opened trading at C$5.99 per share.

More From The Market Herald
White Gold Corp - David D'Onofrio, CEO

" White Gold Corp. (TSXV:WGO) announces fully subscribed private placement

White Gold (WGO) has announced a non-brokered private placement for total gross proceeds of approximately $9,000,000.

" Hemlo Explorers (TSXV:HMLO) closes first tranche of private placement

Hemlo Explorers (HMLO) has closed the first tranche of its non-brokered private placement for gross proceeds of approximately $1.5 million.

" The Limestone Boat Company (TSXV:BOAT) closes first tranche of private placement

The Limestone Boat Company (BOAT) has closed the first tranche of its brokered private placement for gross proceeds of approximately $2.6 million.
iMining - Khurram Shroff, Chairman and CEO.

" iMining Technologies (TSXV:IMIN) launches staking on the Avalanche Blockchain

iMining Technologies (IMIN) subsidiary, CanETH Staking Services has launched staking solutions for the native token of the Avalanche blockchain, AVAX.