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November 16 , 2021 HIVE HIVE BLOCKCHAIN TECHNOLOGIES LTD . HIVE Announces Record - Breaking Revenue of $ 52.6 Million and Earnings for our 2nd Quarter Ended September 30 , 2021 This news release constitutes a " designated news release " for the purposes of the Company's prospectus supplement dated February 2 , 2021 to its short form base shelf prospectus dated January 27 , 2021 . Vancouver , Canada - HIVE Blockchain Technologies Ltd. ( TSX.V : HIVE ) ( Nasdaq : HIVE ) ( FSE : HBF ) ( the " Company " or " HIVE " ) is pleased to announce a record earnings report for the second quarter ended September 30 , 2021 ( all amounts in US dollars , unless otherwise indicated ) . For the three - month period , revenue rose to $ 52.6 million , up 41 % compared with last quarter , and 305 % since the same quarter last year . Net income reached $ 59.8 million , up 342 % from last quarter , and 549 % since the prior year . HIVE ended the September quarter holding 1,116 Bitcoin ( " BTC " ) worth $ 48.4 million and 25,154 Ether ( " ETH " ) worth $ 74.7 million . Frank Holmes , HIVE's Executive Chairman , stated " We wish to thank our loyal shareholders for believing in our vision to mine both Ethereum and Bitcoin to generate robust cash flow returns on invested capital and believe this report validates the significant contribution to our strategy to mine both BTC and ETH HODL as many coins as possible . " Q2 Quarterly Highlights- September 30 , 2021 Generated revenue from digital currency mining of $ 52.6 million , with a gross mining margin¹ of $ 45.0 million Mined 656 Bitcoin and over 8,688 Ethereum during the three - month period ended September 30 , 2021 Earned net income of $ 59.8 million for the period Working capital increased by $ 29.7 million during the three - month period ended September 30 , 2021 Digital currency assets of $ 123.1 million , as at September 30 , 2021 1 Q2 F2022 Financial Review For the three months ended September 30 , 2021 , revenue from digital currency mining was $ 52.6 million , an increase of approximately 305 % from the prior year primarily due to an increase in cryptocurrency prices , the increased production of Bitcoin as a result of the Quebec and Atlantic facility acquisition and the purchase of miners for those facilities . Non - IFRS measure . A reconciliation to its nearest IFRS measures is provided under " Reconciliations of Non - IFRS Financial Performance Measures " below .