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HIVE Blockchain Technologies (V:HIVE)

Business Focus: Financial Technology & Infrastructure

Sector:  Financials Industry:  Financial & Commodity Market Operators
 
See Regulatory Filings on SEDAR
Company Contact
Address: 555 Burrard Street
VANCOUVER BC V7X 1M8
Tel: N/A
Website: https://www.hiveblockchain.com
IR: See website
Key People
N/A    
Business Overview
HIVE Blockchain Technologies Ltd, formerly Leeta Gold Corp, is a Canada-based company within blockchain sector. It partners with Genesis Mining Ltd, a cryptocurrency mining hashrate provider, in order to operate blockchain infrastructure, namely cryptocurrency mining facility in Iceland. The facility produces mined cryptocurrency Ethereum around the clock and is monitored with Genesis Hive, Genesis' proprietary software tool for large-scale mining, to automatically optimize chip temperatures and power consumption needed for coin production. Also, the Company partners with Fiore Group, a Canadian merchant banking firm, in order to accelerate development of the blockchain sector through traditional capital markets.
Financial Overview
For the six months ended 30 September 2019, HIVE Blockchain Technologies Ltd revenues increased 23% to $21.1M. Net loss decreased 81% to $6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment decrease from $14.7M (expense) to $0K, Gain on sale of digital currencies decrease from $1.1M (expense) to $154K (income).
Reporting Currency: U.S. Dollars
Enterprise value: $31.54M as of Sep 30, 2019
Annual revenue (TTM): $47.42M as of Sep 30, 2019
EBITDA (TTM): -$9.91M as of Sep 30, 2019
Net annual income (TTM): -$149.52M as of Sep 30, 2019
Free cash flow (TTM): -$7.05M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 327,045,564 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization