One of the things I’m most grateful for is how well HIVE Blockchain Technologies (HVBTF) has done over the past 18 months. As I’m sure many of you know, I serve as HIVE’s interim executive chairman, and U.S. Global Investors (Nasdaq: GROW) owns 10 million shares of the company, the very first publicly-traded cryptocurrency mining firm.

Photo by Hitesh Choudhary on Unsplash

Back in June 2019, HIVE managed to settle all disputes with Genesis Mining, bringing back transparency, accountability, and responsibility. Basic corporate governance, in other words.

The settlement agreement also allowed us to drive down costs. This, coupled with higher Ethereum and crypto prices, means that HIVE is doing better now than ever before. 2020 has been marked by healthy expansion in mining capacity, the most recent example being HIVE’s acquisition of a data center campus in Grand Falls, New Brunswick, that will give the company access to an additional 50 megawatts (MW) of low-cost green energy.

So far this year, HIVE shares have soared an incredible 1,100%, well past Ethereum’s gain of 367%. This is very positive news for shareholders not just of HIVE but also GROW. Cryptocurrency prices remain highly volatile, the same as shares of HIVE, which move in the same direction as Ethereum about 90% of the time.

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With that, I invite you to join us tomorrow for the HIVE earnings webcast for the fiscal quarter ended September 30. This quarter represents a full year since the company has been 100% in the driver’s seat of its operations, and though I obviously can’t give any details away right now, I’m very excited for you to hear them yourself.