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HIVE Blockchain Announces Appointment of Aydin Kilic as Chief Executive Officer
Friday, January 20, 2023Company Profile | Follow Company
Vancouver, BC, January 20, 2023--(T-Net)--HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) announced today that it has appointed Mr. Aydin Kilic as President & 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.
Frank Holmes, EXECUTIVE CHAIRMAN, HIVE Blockchain Technologies Ltd.
Frank Holmes, Executive Chairman, stated: "Mr. Kilic was onboarded in the summer of 2021 as President & Chief Operating Officer of HIVE with the vision to replace me as the Interim Chief Executive Officer to be the full time Chief Executive Officer. I can proudly state that Aydin has exceeded expectations and has proven himself to the Board of Directors, the employees under his leadership, shareholders and to myself that he has what it takes to provide senior executive leadership to HIVE."
"Aydin is a passionate and curious executive dedicated to learning and we have watched Aydin embrace our performance-inspired team culture which is based on the agility mindset and a disciplined focused work ethic. In the last 18 months he guided the Company with achieving its own record-breaking revenues, record returns on invested capital, enviable operational growth in terms of equipment purchases and new infrastructure build-outs and deployments in Sweden and New Brunswick, and he has lead our team into repeatedly being named by independent analysts, such as Anthony Power, as the Most Efficient Miner". Mr. Holmes continued, "While I will maintain my role in providing a macro-strategic outlook to HIVE through my position as Executive Chairman, I'm proud to say that Aydin has earned this title and it gives me great pleasure to pass him the torch."
Aydin Kilic, PRESIDENT & COO, HIVE Blockchain Technologies Ltd.
Aydin Kilic stated "Frank Holmes is a great mentor with invaluable experience and a highly respected innovative track record in the global capital markets, and I am grateful for the opportunity that Frank and the HIVE Board of Directors has provided me. I am excited to continue learning from him, while also pushing the frontier of innovation and excellence at HIVE. My commitment to our Company's ascent is driven by my enthusiasm to grow value for HIVE shareholders."
Under Mr. Kilic's leadership HIVE has reached numerous milestones including but not limited to:
The Company has explored various business development initiatives in the last 18 months, including but not limited to large scale expansion into the US, ASIC equipment financing, and lending using Bitcoin as collateral. Mr. Holmes noted
"Our success in the past 18 months comes from both the opportunities we have pursued, but also other opportunities we have researched and decided to forego further to our internal risk analysis, strong governance processes and sophisticated due diligence practices." Mr. Holmes continued, "Aydin's appointment is another example my modus operandi of putting proven leaders into earned positions."
Mr. Kilic noted "I believe our technological advancement in hardware, thermodynamics, software and data center optimization, give us a competitive edge in the digital asset mining sector. Additionally, these optimizations give us a unique edge in our pursuit of new initiatives such as GPU based cloud initiatives. HIVE's team of coders, analysts and technicians allow us to have one of the highest uptimes in the sector. Our focus is on achieving the highest cash flow return on invested capital, which means streamlining operations for greatest profit, not just scale."
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we endeavour to source only green energy to mine digital assets such as Bitcoin on the cloud.
Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of ETH and BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies, primarily BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes, but is not limited to, statements with respect to information about the Offering and the use of proceeds, potential dilution and application of the Penalty Provision; business goals and objectives of the Company; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. [ MORE ] |
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HIVE Digital Technologies Ltd.
Vancouver (Other Tech Sectors)
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