HIVE Blockchain to Double Mining Capacity Through $2.8M Share Deal

01 Apr 2020

A publicly listed bitcoin mining operator is set to double the size of its operations in a multi-million-dollar deal, largely funded through a sale of its shares.

HIVE Blockchain announced via email this week it's all set to acquire an existing 30-megawatt (MW) mining operation in Quebec from rival Canadian mining company Cryptologic for CA$4 million (around US$2.8 million).