Blockchain
RETRANSMISSION: HIVE Blockchain Provides March 2022 Production and Intel Update
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022.
Vancouver, British Columbia–(Newsfile Corp. – April 6, 2022) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (Nasdaq: HIVE) (FSE: HBF) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of March 2022, with a BTC HODL balance of 2,568 Bitcoin and 16,196 Ethereum as of April 3, 2022. In addition to this the Company is pleased to announce two milestone accomplishments of reaching 2 Exahash of Bitcoin mining and 6 Terahash of Ethereum mining this month.
March 2022 Production Figures
HIVE is pleased to announce its March 2022 production figures and mining capacity:
- 278.6 BTC Produced
- 2.0 Exahash of Bitcoin mining capacity
- 2,459 ETH Produced*
- 4.58 Terahash of Ethereum mining capacity at beginning of March
- Increased to 6.1 Terahash of Ethereum mining capacity at end of March
*The Company’s production of ETH from GPU mining (including selective optimizations of GPU hashrate) has yielded a total ETH production of 2,549 ETH.
Frank Holmes, Executive Chairman of HIVE stated “We are very pleased to report HIVE has continued its extremely strong momentum in expanding our hashing power, notably our Ethereum mining hash power grew by 33% this month. In March we produced an average of 9.0 BTC per day, and we are pleased to note that as of today, we are producing approximately 9.0 BTC a day even after the recent difficulty increase of 4%. Our Bitcoin hashing power increased in March and at the calendar month-end our hashrate was 2.0 Exahash, which translated into a 6% increase in BTC mining on a month over month basis, while BTC prices corrected.”
Aydin Kilic, President & COO of HIVE noted “We continue to strive for operational excellence, ensuring that as we scale our hashrate as a company we also optimize our uptime, to ensure ideal Bitcoin and Ethereum output figures.” Mr. Kilic continued, “We also would like to provide an update on the BTC and ETH equivalency, where one can equate value of the coins produced daily. As such the ETH that HIVE produced during the month of March, equated daily, is approximately equal to a monthly total of 168.8 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 278.6 BTC produced from our Bitcoin mining operations during March, for a total of 447.4 Bitcoin equivalent”.
The Company’s total Bitcoin equivalent production in March 2022 was:
- 447.4 BTC Equivalent Produced
- 14.4 BTC Equivalent produced per day on average
- 3.3 Exahash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH Hashrate as of March 31, 2022)
1 Year Ahead Hashrate Growth Outlook
HIVE is pleased to update the market on the Company’s growth plans for the year ahead, as a result of strategic initiatives to secure ASIC and GPU hardware. The graph below presents the hashrate for all contracted ASIC and GPU hardware (with deposits in place), with the dark blue bars representing BTC hashrate, and the light blue bars representing the additional BTC equivalent hashrate from the ETH GPU hashrate. The numbers at the top are the combined total BTC equivalent hashrate expressed in Exahash. The Company will be at 6.2 Exahash of BTC equivalent hashrate in one year, up from 3.3 Exahash of BTC equivalent hashrate today.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5335/119463_791bf6314431b8d3_001full.jpg
Ethereum HODL to Fund Intel New Chips to Mine BTC
Over the past year our Ethereum HODL position outperformed our Bitcoin HODL. ETH is much more volatile than BTC and once again we have used the volatility to generate capital to expand our operations. We have sold down our ETH holdings to fund our Intel strategic relationship and the building of our rigs. We are very thrilled about the Intel deal for several reasons and due to the greater volatility of ETH we have traded out approximately 10,000 ETH coins to fund the expansion in our BTC channel. Further we have expanded our daily ETH production to replace coins we have sold. Our long-term strategy is grow our BTC footprint while using our ETH to help with this ambition. Our ETH production is allowing us to generate the highest margins from proof of work in the business. We are not concerned about the 6 year narrative that ETH will become only proof of stake in the immediate future, as evidenced by the robust and secure proof of work consensus mechanism has helped ETH process more transactions in USD volume at $11.4 trillion US, where Visa has done $10.4 trillion US in 2021. Our strategy to mine both BTC and ETH has allowed HIVE to generate some of the highest returns on invested capital for our shareholders while expanding our revenue and coin production.
Intel Update
Recently Intel has published more specifics on introduction of the Intel Blockscale ASIC, a game changing event for BTC miners. Intel has only made this chip available to select customers, of which Hive Blockchain is one of four customers globally. The Intel Blockscale will advance energy efficient hashing for proof of work consensus using green energy. Further their US designed high performing chips are up to 26 J/TH power efficiency at a very competitive and attractive price that fits into our strategy to generate high returns on invested capital for our shareholders. Hive Blockchain shares in the sustainability goals that are important to both Intel and ESG focused investors.
Network Mining Difficulty
The Bitcoin network difficulty increased as much as 4% and similarly the Ethereum network difficulty increased as much as 2% during the month of March. These factors impact our gross profit margins.
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 source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and 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.
We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.
For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
“Frank Holmes”
Executive Chairman
For further information please contact:
Frank Holmes
Tel: (604) 664-1078
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, 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.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from carrying out its expansion plans or operating its assets; and other related risks as more fully set out in the registration statement of Company and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and www.sedar.com.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119463
Blockchain
Blocks & Headlines: Today in Blockchain – April 24, 2025 (Decrypt, CoinDesk, Cointelegraph, 80 Level, UNDP/BGA)

In an era defined by rapid innovation and ever-shifting regulatory landscapes, blockchain continues to prove its mettle across diverse sectors—from data privacy and prediction markets to gaming and sustainable development. Today in Blockchain, we explore five major developments shaping the decentralized world on April 24, 2025:
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Europe’s New Privacy Guidelines: How the EDPB’s draft rules may redefine on-chain data handling.
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Canada’s Blockchain Advantage: Lessons from Consensus Toronto on agility, talent, and national strategy.
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Prediction Markets for Science: DeSci’s leap toward crowdsourced validation and the reproducibility crisis.
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Ubisoft’s NFT Gaming Gamble: Yet another Web3 pivot in mainstream video games—and why it matters.
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Blockchain for Good Accelerator: The UNDP joins forces with the Blockchain for Good Alliance to fuel SDG-focused innovation.
This op-ed–style briefing strips away the noise to deliver concise yet detailed coverage, incisive commentary, and big-picture implications for developers, entrepreneurs, regulators, and enthusiasts alike. Strap in as we decode today’s key blockchain headlines.
1. Europe’s Data Privacy Guardrails: EDPB’s Draft Blockchain Guidelines
What happened:
On April 22, 2025, the European Data Protection Board (EDPB) published draft guidelines clarifying how personal data must be stored and accessed on blockchain networks to comply with the General Data Protection Regulation (GDPR). Key takeaways include:
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Minimize on-chain data: Avoid embedding personally identifiable information directly into immutable ledgers.
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Data Protection by Design & by Default: Mandate early-stage DPIAs (Data Protection Impact Assessments) for any blockchain project touching personal data.
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Controlled access & erasure mechanisms: Develop off-chain storage layers and governance protocols to satisfy “right to rectification” and “right to be forgotten” requirements.
Source: Decrypt
Why it matters:
GDPR’s foundational principles clash with blockchain’s inherent immutability and transparency. By issuing these guidelines, the EDPB seeks to preserve individual privacy rights without stifling decentralized innovation. However, the tension between censorship-resistant networks and regulator-mandated mutability raises profound design challenges.
Analysis & Commentary:
Today’s guidance is overdue but pivotal. As Bryn Bennett of Hacken reminds us, “Privacy isn’t an add-on—it’s infrastructure.” Projects that ignore privacy-by-design risk not only fines but also eroded user trust. Conversely, decentralized privacy pioneers like Nym Technologies warn that retrofitting GDPR onto public blockchains can compromise both privacy and sovereignty. In my view, the next frontier lies in hybrid architectures—leveraging off-chain zero-knowledge proofs, secure enclaves, and permissioned sidechains—to reconcile transparency with confidentiality. Europe’s blueprint could become a global reference, influencing regulators in Asia-Pacific, North America, and beyond to articulate their own blockchain-specific data rules.
2. Canada’s Blockchain Advantage: Small Enough to Move Fast, Big Enough to Matter
What happened:
At Consensus Toronto 2025, CoinDesk columnist William Mougayar argued that Canada is uniquely positioned to outpace other G7 nations in blockchain adoption, thanks to:
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Homegrown talent & heritage: Ethereum’s origins in Toronto and thriving developer ecosystems in Montreal and Vancouver.
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Regulatory agility: Streamlined federal-provincial coordination, pro-innovation tax credits, and pilot sandbox frameworks.
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Strategic national vision: Proposals to mandate crypto access in Canadian banks, integrate digital assets into capital markets, and even explore a national cryptocurrency reserve.
Source: CoinDesk
Why it matters:
While the U.S. grapples with interagency turf wars between the SEC, CFTC, and others, Canada’s structural simplicity offers a template for coherent blockchain policymaking. This could accelerate capital inflows, enterprise pilots, and global competition for fintech talent.
Analysis & Commentary:
Canada’s playbook hinges on being “small enough to pivot, yet big enough to impact”. As blockchain matures beyond niche use cases, national champions will emerge from jurisdictions that marry regulatory clarity with creative incentives. I predict that within two years, Toronto and Montreal will rival Miami and Dubai as leading hubs for DeFi, tokenization, and digital-asset custody. But execution is everything—if Canada can streamline licensing, shore up AML/CTF safeguards, and embed digital literacy into its education system, it could truly leapfrog entrenched incumbents.
3. Prediction Markets in Science: DeSci’s Bold Experiment
What happened:
In an opinion piece for Cointelegraph, Dr. Sasha Shilina explored how blockchain-powered prediction markets (e.g., Polymarket, Pump.science) are being repurposed to address the scientific reproducibility crisis. Highlights include:
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Crowdsourced forecasting: Researchers and investors stake tokens to bet on experimental outcomes, incentivizing rigorous study design.
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Financial accountability: Monetary losses for flawed work create a rapid feedback loop, potentially weeding out irreproducible findings.
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Regulatory hurdles: Jurisdictions still classify these markets as gambling, complicating mainstream adoption.
Source: Cointelegraph
Why it matters:
Traditional peer review can take months or years to expose methodological flaws. Decentralized prediction markets promise near-real-time validation, democratizing scientific oversight and reducing wasteful replication studies.
Analysis & Commentary:
Prediction markets offer an “open-science complement”—not a replacement—to scholarly publishing. By aligning economic incentives with truth-seeking, they could elevate data integrity and funders’ confidence. However, unchecked speculation risks gaming the system, especially if liquidity pools are dominated by a handful of whales. The solution lies in multi-stakeholder governance: academic consortia, journal publishers, and veteran researchers collaborating to set market parameters, oracle standards, and dispute-resolution mechanisms. In my view, the coming year will determine whether DeSci moves from proof-of-concept to institutional legitimacy—or remains a fascinating experiment.
4. Ubisoft’s NFT Gaming Bet: Might & Magic Fates
What happened:
On April 24, 2025, gaming giant Ubisoft announced Might & Magic Fates, its third blockchain game in under six months, developed in partnership with Immutable. Key features:
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NFT trading cards: Creatures, spells, and artifacts minted as on-chain assets.
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Optional Web3 layer: Players can choose between traditional gameplay or unlocking digital ownership via NFTs.
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Community backlash: Early reactions decry “Web3 slop,” with seasoned gamers lamenting lack of gameplay previews.
Source: 80 Level
Why it matters:
Ubisoft’s persistence underscores a broader corporate push into play-to-earn and digital-ownership models. Despite vocal skepticism, top publishers see NFTs as a path to new revenue streams and player engagement metrics.
Analysis & Commentary:
I admire Ubisoft’s willingness to iterate—but will “third time be the charm”? Past misfires suggest they’ve yet to nail the balance between token mechanics and fun. If Fates can deliver rich narrative, balanced tokenomics, and genuine secondary-market value, it might convert skeptics. Otherwise, gamers will continue associating NFTs with pump-and-dump schemes. Successful blockchain gaming will require tight integration of on-chain assets with deep, off-chain gameplay loops—think on-chain skins that evolve with player achievements or governance tokens that shape in-game lore. Ubisoft’s true test will be fostering an ecosystem where NFT ownership enhances, rather than distracts from, core gameplay.
5. Blockchain for Good: UNDP & Alliance Launch Global Accelerator
What happened:
The Blockchain for Good Alliance (BGA), in partnership with the United Nations Development Programme (UNDP) and EMURGO Labs, launched the SDG Blockchain Accelerator on April 24, 2025. Program highlights:
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4-month accelerator: Tailored training, mentorship, and technical support via UNDP AltFinLab and EMURGO Labs.
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Multi-chain innovation: Encourages solutions across Cardano, Ethereum, and other protocols.
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Up to $1.5 million in post-acceleration grants: Equity-free funding to scale blockchain solutions addressing the UN’s 17 Sustainable Development Goals (SDGs).
Source: UNDP Innovation
Why it matters:
This initiative bridges Web3 technology with humanitarian impact, channeling blockchain’s transparency and efficiency into real-world challenges—financial inclusion, supply-chain traceability, carbon credits, and more.
Analysis & Commentary:
SDG-focused accelerators signal a shift from speculative token swaps to impact-driven development. By equipping UNDP personnel and global innovators with blockchain toolkits, the program can catalyze projects that deliver measurable social value. Success stories—like transparent vaccine distribution chains or micro-loan platforms for underserved communities—will validate blockchain’s promise beyond hype cycles. I urge stakeholders to watch for pilots that blend on-chain verification with off-chain delivery, ensuring that funding flows transparently and outcomes are independently audited. If this Alliance proves out, it could redefine public-private partnerships in digital development.
Conclusion: Today’s Takeaways & Tomorrow’s Roadmap
These five headlines illustrate blockchain’s multifaceted evolution:
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Regulatory Maturation: Europe’s privacy guidelines spotlight the need for nuanced frameworks to guide on-chain data use.
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National Strategies: Canada’s agile approach demonstrates how government policy can catalyze ecosystem growth without heavy-handed bureaucracy.
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Decentralized Science: Prediction markets could revolutionize research validation, forging new alliances between academia and DeFi.
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Corporate Experimentation: Ubisoft’s repeated NFT forays reveal both the promise and pitfalls of integrating blockchain into mainstream entertainment.
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Mission-Driven Innovation: The SDG Blockchain Accelerator aligns decentralized tech with societal goals, charting a course for truly “blockchain for good” outcomes.
As blockchain technology accelerates, the imperative for thoughtful design, cross-sector collaboration, and impact measurement has never been clearer. Whether tackling data privacy conflicts, mobilizing global talent, democratizing scientific rigor, reinventing digital ownership, or driving sustainable development, today’s stories offer a roadmap for the next chapter of decentralized innovation.
Stay tuned for tomorrow’s edition of Blocks & Headlines, where we continue decoding the daily pulse of the blockchain revolution.
The post Blocks & Headlines: Today in Blockchain – April 24, 2025 (Decrypt, CoinDesk, Cointelegraph, 80 Level, UNDP/BGA) appeared first on News, Events, Advertising Options.
Blockchain
World Chess and the Algorand Foundation propose leveling the playing field with a “chess passport”

In a whitepaper published today, World Chess (LSE: CHSS) and the Algorand Foundation (ALGO) conceptualize a new blockchain-based system that would establish secure, private, and verifiable credentials for global sports organizations, including chess. Grandmaster Evgenij Miroshnichenko contributed to the paper alongside the Algorand Foundation and World Chess.
The move comes as interest in chess hits a new high, driven by popular television series on Netflix and the BBC, the 2024 awarding of the youngest-ever world chess champion, and the inclusion of chess for the first time in the Esports World Cup later this year.
If adopted, the system would allow chess players to independently manage their identity and credentials across all chess platforms and organizations with a single decentralized ID, and one login credential for everywhere they play. They could then easily “port” their identity, achievements, records of play, rankings, and rewards across online chess platforms, as well as seamlessly from the digital world to in-person games and tournaments. This provides them with a much easier way to prove their identity, no matter their status or documentation; it would also reduce tournament application times significantly. Chess organizations would then be able to welcome even more players to their competitions, including those who have built their chess career solely online, as well as players who have previously only competed in tournaments held by other organizations.
Among other benefits, the adoption of a “global chess passport” would make it much easier for organizers and chess clubs and federations alike to onboard and register players, both online and offline.
Another benefit of the proposed system is to safeguard fair play. As chess becomes increasingly integrated into e-sports and online competitions, the use of AI programs or player fraud (one player representing another) is an increasing concern. Being able to confirm player integrity (including whether they have been banned for cheating on any other platform) ensures credibility of chess contests and competitions. These verifiable credentials also preserve player privacy. They can be used to confirm player eligibility and relevant identity data without providing access to sensitive documentation, such as passports. Finally, identity verification also prevents fraud in tournament payouts. Phishing and other attempts to steal winnings are on the rise; this ensures only the rightful winner can access their prize funds.
“I think that chess needs its version of the global e-version of drivers license. It’s a global game, and using blockchain for the benefit of having one universal independently verifiable ID is something that both players and organizers will certainly benefit from,” says Ilya Merenzon, CEO of World Chess.
“This initiative is not just about chess; it’s about the future of fair play and verifiable achievement across all sports and esports,” said Bruno Martins, principal architect at the Algorand Foundation and co-author of the whitepaper. “Chess has a rich history of proving the usefulness of new technologies. In this case, World Chess is showing the integrity, privacy, and portability of records in any competitive arena is not only possible – it’s in the best interest of every player, everywhere.”
Statista estimates that the market for esports should reach $4.8 billion in 2025, with nearly 900 million players by 2029 (source), all of which could benefit from better cross-platform registration for online and in-person competitions.
The full whitepaper and more information about the proposed open-source system can be found here. Chess platforms, esports organizations and other parties interested in contributing to the project can get involved by contacting [email protected].
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