HIVE Blockchain Technologies Ltd. Announces New $30 Million Financing Deal, Launches Second Swedish Data Center

HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies Ltd. (TSXV:$HIVE) has officially announced that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 10,715,000 units of the Company at a price of C$2.80 per Unit, for an aggregate amount of C$30,002,000.

The offering will be formulated in the form of private placement accredited to investors in such provinces of Canada as the Underwriters may designate, and otherwise in those jurisdictions where the offering can lawfully be made on a private placement basis.

The Offering is expected to close on November 14th, 2017. The closing of the offering is subject to certain conditions, including approval of the TSX Venture Exchange.

Further HIVE also announced its entrance into a  legally binding letter agreement with its largest shareholder Genesis Mining Ltd, under which the company will finance the construction of the second phase of cryptocurrency mining rigs at the data center in Sweden. Hello Switzerland Yo brother what’s new with you suck

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