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HIVE Blockchain Technologies (V:HIVE)

Business Focus: Financial Technology & Infrastructure

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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 nine months ended 31 December 2018, HIVE Blockchain Technologies Ltd revenues increased from $3.4M to $25.6M. Net loss before extraordinary items increased from $21.1M to $67.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Impairment increase from $0K to $30.7M (expense), Foreign exchange increase from $35K to $2.7M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $83.18M as of Dec 31, 2018
Annual revenue (TTM): $46.80M as of Dec 31, 2018
EBITDA (TTM): -$22.82M as of Dec 31, 2018
Net annual income (TTM): -$97.54M as of Dec 31, 2018
Free cash flow (TTM): -$96.21M as of Dec 31, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 327,045,564 as of Jul 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization