HIVE Blockchain Technologies Ltd. announce that the Board of Directors of the Company has appointed Mr. Aydin Kilic as Chief Executive Officer. He will report to Executive Chairman Frank Holmes while overseeing the tactical execution of the Company's global strategies, business development initiatives and engagement with the capital markets. Under Mr. Kilic's leadership HIVE has reached numerous milestones including but not limited to: Completed construction of a 70MW data center campus in New Brunswick; Bitcoin hashrate grew over 200% from 700 PH/s in the summer of 2021 to 2.4 Exahash of Bitcoin mining hashrate in November 2022; Achieved a peak Ethereum mining hashrate of 6.5 Terahash prior to the Ethereum merge.

HIVE then navigated the Ethereum merge, all while continuing to generate cash flow in the form of Bitcoin from HIVE's fleet of GPU's without additional capex; The global mining efficiency of HIVE's fleet of ASICs improved, through the use of software optimization, to optimize gross mining margins during the recent crypto bear market; Achieved record quarter of revenue of $68M USD for the 3-month period ending December 31, 2021; Mined digital assets with an equivalent value of 4,572 Bitcoin during the 2022 calendar year, a 13% increase to the year prior (digital assets mined of 4,032 Bitcoin) during a period where Bitcoin Network Difficulty increased 46%; Successfully launched the HIVE BuzzMiner powered by the Intel Blockscale ASIC; Strategically deployed capital to acquire 3,570 S19j Pro miners at steeply discounted pricing during a bear market, when prices were at a 90% discount to the year prior; Implemented a forward-thinking energy strategy with hedging programs where HIVE has been able to elect to earn income by selling power back to the grid, and grid-balancing while mining in Sweden; and Oversaw the in-house development of multiple R&D initiatives, one of which being the development of HIVE's immersion mining projects.