ZUG, Switzerland is VANCOUVER, 21 December 2018 / CNW / – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (OTC: HVBTF) (the "Company" or "HIVE") is pleased to announce a partnership with Amber AI, a diversified and global electronic trading company that offers a range of fully integrated institutional services. The agreement provides HIVE with access to automatic learning at the forefront of Amber AI with sophisticated quantitative research and best-in-class technology to provide liquidity in digital currencies and derivatives. L & # 39; HIVE will benefit by maximizing the value of cryptocurrencies that the Company sells to finance operations by leveraging Amber AI's experience and mitigating inventory volatility by using hedging strategies such as derivatives and management. asset. Previously, HIVE had announced that it held approximately 44,000 Ethereum and 85,000 Ethereum Classic coins September 30, 2018.
"We are excited about the partnership we have created with Amber AI and look forward to the best profitability that HIVE can make in trading our cryptocurrency inventory." added Frank Holmes, Interim Executive President. "The cryptocurrencies are exciting and we are confident about its long-term prospects, but it is impossible to ignore the volatility of this new asset class: it seems that Bitcoin and Ethereum are reaching a lower price after reaching a peak a year ago and our stock is monitoring 92% with their prices Our partnership should help to manage the volatility of our inventory and improve the profitability of the coins we sell to finance operations. "
"We are thrilled to partner with HIVE Blockchain in an effort to strengthen and streamline processes between mining and secondary markets." He said Michael Wu, Amber AI CEO. "Our goal has always been to make the encrypted markets as smooth as possible and we are pleased that HIVE shares this vision and we see this partnership not only as a highly synergistic and tremendous business opportunity, but also as a 39; opportunities to move forward with the adoption of crypto as a mature and negotiable asset class. "
Grant Option
The Company also reports that it has granted a total of 500,000 stock options in the context of the Company's stock option plan to the Chief Financial Officer based on its appointment in Q3 tax with an exercise price of C $ 0.27 for stock options, exercisable for a period of ten years from the date of assignment, vesting over for periods up to two years. The option grant is subject to the approval of the TSX Venture Exchange.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. is a publicly-listed growth-oriented company that builds a bridge from the blockchain sector to traditional capital markets. HIVE is a strategic partner of Genesis Mining Ltd. to build the next generation of blockchain infrastructure. HIVE possesses digital currency mining facilities based on GPUs in the state of the art Iceland is Sweden, which continuously produces digital coins minted like Ethereum and also cloud-based capabilities based on ASICs that produce digital coins recently minted like Bitcoin. Our implementations provide shareholders with exposure to the operating margins of digital currency mining and a growing crypto-currency portfolio.
About Amber AI
Amber AI is a global and diversified electronic trading and technology company. By combining machine learning with cutting-edge quantitative research and best-in-class technology, the company trades and provides cash in a variety of markets and instruments, transforming billions on a monthly basis. Amber artificial intelligence operates all day and around the world, with presence in Hong Kong, Shenzhen, Beijing, San Francisco and New York.
For more information and to subscribe to the HIVE mailing list, visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel.
On behalf of HIVE Blockchain Technologies Ltd.
"Frank Holmes"
Interim Executive President
Neither the TSX Venture Exchange nor its regulatory service provider (as such term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this press release.
Forward-looking information
Except for statements of historical fact, this press release contains "forward-looking information" under applicable Canadian securities legislation which is based on expectations, estimates and projections at the date of this press release. The "forward-looking information" contained in this press release includes information on the partnership of the Company with the partnership with Amber AI, including the benefits of the increased experience of IA Amber as well as the mitigation and management of the volatility of the company. inventory using hedging strategies such as derivatives and asset management; improvement of the Company's profitability; long-term perspectives of cryptocurrencies; the current price trends of Bitcoin and Ethereum and the Company's shares; detection at 92% of their prices; potential improvements in the cryptocurrency markets; long-term growth of the Company; the Company's objectives and business objectives and other forward-looking information include, but is not limited to, information relating to the intentions, plans and future actions of the parties to the operations described in this document and related conditions.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the Company may not realize any benefit from its partnership with Amber AI; the ongoing collaboration with Genesis; the digital currency market may never recover from current prices and could decline significantly; the price of the Company's shares may not track the recovery of Bitcoin or Ether prices in the amount expected, or at all; the ability of the company to successfully extract digital money; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in the prices of digital currencies can have a significant negative impact on the Company's activities; the volatility of the prices of digital currencies; and other related risks as more fully disclosed in the disclosure of the Company on www.sedar.com.
The forecasts contained in this press release reflect the Company's current expectations, assumptions and / or beliefs based on information currently available to the Company. In connection with the forecasts contained in this press release, the Company has formulated assumptions regarding the partnership of the Company with Amber AI; the Company will be able to profitably liquidate its digital currency inventory as required; the ongoing partnership of the Company with Genesis; historical prices of digital currencies and the ability of the company to extract digital currencies will be consistent with historical prices; the price of the Company's shares keeps track of the prices of Bitcoin and Ethereum; the mitigation and management of price volatility will lead to the Company's profitability; and there will be no regulation or law that will prevent the Company from managing its business. The Company has also assumed that no significant events occur outside the normal course of business of the Company. Although the Company believes that the assumptions implicit in the forward-looking information are reasonable, the forward-looking information is not a guarantee of future performance and as a result no over-reliance should be placed on such information due to inherent uncertainty in it.
SOURCE HIVE Blockchain Technologies Ltd.
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