Blockchain
HIVE Blockchain Announces Commercial Deployment of the HIVE BuzzMiner powered by the Intel Blockscale ASIC
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated September 2, 2022 to its amended and restated short form base shelf prospectus dated January 4, 2022.
Vancouver, British Columbia–(Newsfile Corp. – January 13, 2023) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or “HIVE”) is extremely pleased to announce its commercial deployment of the HIVE BuzzMiner powered by the Intel Blockscale ASIC, after months of planning, engineering development, implementing factory QA processes, field testing and global collaboration.
Frank Holmes, Executive Chairman, stated: “HIVE has always sought to innovate as a technology company. Being the first public crypto miner, the first to be green energy focused, the first to mine both Bitcoin & Ethereum, and the first to own and build data centers, we are now very pleased to be the first public crypto miner to deploy its own ASIC mining rig. I am very proud of the hard work of our team.”
Mr. Holmes continued, “Our strategy has always been to realize the best return on invested capital. By vertically integrating our supply chain of ASIC miners, we are executing on our strategy to be the most efficient and agile crypto mining company globally. Additionally, the HIVE BuzzMiner is our testament to Proof-of-Work being the most secure and robust consensus mechanism for digital assets, of which Bitcoin is the most secure. We are proud that our contributions to securing the Bitcoin network can now include the HIVE BuzzMiner.”
Aydin Kilic, President & COO of HIVE, added, “The HIVE BuzzMiner is a high quality and robust machine and we are very pleased with the finished product. Our strategy to vertically integrate our business to include the development and production of our own Bitcoin ASIC miner, represents a significant milestone in HIVE’s advancement of our green energy focused Proof-of-Work initiatives. In addition to having design input and visibility, we are able to optimize the function of the HIVE BuzzMiner to satisfy demand response programs, so we can participate in grid balancing initiatives, which is part of our global energy strategy. What is unique about the HIVE BuzzMiner is the dynamic range of operation. We are able to operate our machines from 110 TH/s to 130 TH/s, allowing us to optimize the profitability of our fleet, by varying the power consumption and machine efficiency. Accordingly, our initial build of 5,800 HIVE BuzzMiners, can produce between 638 PH/s to 754 PH/s.”
The Company is happy to announce the performance of the HIVE BuzzMiner, now that over 1,500 machines have been deployed globally in our data centers in Canada and Sweden, and we have seen the expected performance targets met. The Company notes that earlier projections of over 1 Exahash were based on total ASIC allocation of Blockscale chips with Intel to produce 13,000 HIVE BuzzMiners. To methodically scale the business during the crypto bear market, HIVE’s initial production run for 2022 was set to 5,800 units. Accordingly, this is reflected in the hashrate projections. HIVE retains the option to produce more HIVE BuzzMiners.
Mr. Kilic continued, “We use advanced multi-variate mathematical models to study ever changing hashrate economics, and carefully monitor the production cost of each Bitcoin at our various data centers, along with ROI of our investments, which vary with ASIC miner performance. This is key to navigating crypto bear markets successfully, and maximizing profits in bull markets. We can now modulate the ASIC miner performance with our HIVE BuzzMiners for optimal returns. I am very pleased with the tactical execution of HIVE and Intel, which has involved inter-disciplinary engineering expertise in hardware, software, firmware, thermodynamics, and quality assurance.”
William Gray, CTO of HIVE, stated: “I have been involved in crypto-mining since 2011. It is a dream come true to oversee the deployment of our own ASIC miner, and notably in collaboration with Intel, a Fortune 500 company. We have the ability to develop our own API calls, gather test data at the microchip level, and fine-tune the device to optimize its performance. This also sets the stage for future ASIC systems development. At HIVE we strive for optimal efficiency, we have a high-performance culture. In the last decade, I have seen many presumptive companies attempt to build their own Bitcoin ASIC miner. It is a technically complex feat, that requires inter-disciplinary expertise. We are fortunate to have such a skilled technical team at HIVE, that has been able to leverage the immense resources from Intel Corporation.”
Mr. Jose Rios, General Manager of Blockchain and Business Solutions in the Accelerated Computing and Graphics Group at Intel added, “We’re thrilled to see the world’s first Intel Blockscale ASIC-powered systems go live with the new HIVE BuzzMiner. Blockscale was designed to optimize both energy efficiency and hashrate throughput, enabling partner systems that can help mining companies achieve both sustainability and hashrate objectives. At Intel, we’re excited by the potential of HIVE’s BuzzMiner system developed in close collaboration with HIVE’s engineering team and we’re looking forward to continued deployment of these systems in the years ahead.”
Figure 1: HIVE BuzzMiner powered by Intel BlockScale ASIC
To view an enhanced version of this graphic, please visit:
Figure 2: HIVE BuzzMiners in action
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https://images.newsfilecorp.com/files/5335/151240_picture2.jpg
RSU Grant
The Company announced that the Board of Directors has approved the grant of an aggregate of 1,200,000 restricted share units (“RSUs”) to the Company’s directors and an officer, which vest over 12 months. Each vested RSU entitles the holder to receive one common share of the Company. The grant of RSUs are subject to the approval of the TSX Venture Exchange.
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.
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; the ability of the HIVE BuzzMiners to operate at expected levels of performance, the merits of expanding the deployment of the HIVE BuzzMiners, the continued viability of its existing Bitcoin Mining operations, 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. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151240
Blockchain
Blocks & Headlines: Today in Blockchain – May 5, 2025 – Arkham, Blockchair, Worldcoin, Maldives
In an ecosystem defined by perpetual innovation and high-stakes regulatory scrutiny, the blockchain and cryptocurrency industry never pauses. Today’s briefing—“Blocks & Headlines: Today in Blockchain – May 5, 2025 – Arkham, Blockchair, Worldcoin, Maldives”—dives into five compelling stories shaping the narrative: a transformative $9 billion blockchain hub in the Maldives; Sam Altman’s Worldcoin orbs arriving stateside; AI‑enhanced onchain visibility via Arkham and Blockchair; the Blockchain Association’s plea for flexible SEC oversight; and Telegram’s blockchain‑inspired encryption for massive group calls.
Together, these developments spotlight five interlocking themes: diversification of traditionally tourism‑dependent economies, identity and trust models in Web3, the fusion of AI with onchain data, the evolving policy landscape, and privacy‑centric encryption. Across these stories, recurring SEO keywords—blockchain, cryptocurrency, Web3, DeFi, NFTs, tokenization, decentralized identity, onchain analytics, regulation, and privacy—underscore the connective tissue binding today’s headlines.
1. $9 Billion Blockchain Hub on Track to Transform Maldives
Source: U.Today
The Maldives, an archipelagic nation whose economy is heavily tethered to tourism (approximately 30 % of GDP) and fishing (around 10 %), is confronting mounting fiscal challenges: public debt has breached national GDP levels (circa $7 billion), and deficits threaten sovereign stability. In a strategic pivot, Maldivian authorities signed a joint venture with MBS Global Investments—a $14 billion UAE family office—earmarking an $8.8 billion investment in a cutting‑edge blockchain hub. This initiative aims to catalyze a 200 % GDP surge within four years, spawning thousands of jobs and potentially averting sovereign default.
On the surface, relocating blockchain infrastructure to paradise may seem incongruous. Yet by repurposing the country’s geographically dispersed islands into a decentralized Web3 nexus, the Maldives could host data centers powered by renewable oceanic energy, attract DeFi startups, and incubate NFT marketplaces catering to affluent tourists. This diversification blueprint underscores a broader trend: small economies leveraging blockchain to transcend traditional growth constraints. However, critical questions loom—regulatory clarity, environmental footprint, and cybersecurity resilience will determine whether this hub becomes a scalable model or a stranded asset.
Implication: If executed judiciously, the Maldives’ blockchain hub could set a precedent for emerging economies seeking to harness decentralized infrastructure. But success hinges on transparent governance, sustainable energy sourcing, and robust legal frameworks.
2. Altman’s Eyeball‑Scanning Worldcoin Orbs Land in the U.S.
Source: The Register
On May 1, six Worldcoin “Orb” retail locations opened across the United States—Austin, Atlanta, Los Angeles, Miami, Nashville, and San Francisco—offering biometric iris scans in exchange for WLD crypto tokens. Co‑founded by Sam Altman (OpenAI CEO), Alex Blania, and Max Novendstern, Tools for Humanity champions World ID, a blockchain‑based proof‑of‑personhood system designed to authenticate humans versus bots or AI‑generated avatars. Users who scan their irises receive roughly $16 in WLD, enabling them to later verify identity on participating platforms.
While touted as a breakthrough in decentralized identity, the initiative has incited privacy regulators worldwide: South Korea fined the project over $800,000, Hong Kong prohibited operations, and legal probes are active in Germany, Kenya, and Spain. Yet Worldcoin maintains that biometric data is encrypted on-device and purged post‑scan, and with 26 million users globally (12 million scanned), the network seeks to deploy 7,500 Orbs in the U.S. by year’s end.
Opinion: Worldcoin’s retail push exemplifies the friction between innovative identity solutions and privacy norms. The on‑chain distribution of WLD tokens may democratize crypto access, but it also risks normalizing biometric collection without exhaustive regulatory guardrails. The debate between security and civil liberties intensifies as Web3 projects blur lines between voluntary onboarding and pervasive surveillance.
3. AI and Blockchain Explorers ‘Arkham’ & ‘Blockchair’ Reshape Onchain Visibility
Source: Bitcoin News
Blockchain explorers have evolved from static transaction trackers to dynamic investigative platforms, especially with generative AI integration. Two frontrunners—Arkham Intelligence and Blockchair—are pioneering tools to render cryptographic ledgers comprehensible. Arkham’s AI correlates onchain flows with off‑chain entities, enabling analysts to dissect a Binance transaction involving 0.3065 BNB routed through WBNB and Pancakeswap in seconds. Blockchair’s AI assistant, Cuborg, fields natural‑language queries (e.g., “Which Bitcoin address dormant since 2017 just moved funds at block 895,197?”), surfacing actionable intelligence with remarkable speed.
The convergence of machine learning and onchain analytics promises unprecedented transparency for DeFi protocols, NFT markets, and compliance teams. Yet this visibility shift also rekindles the age‑old privacy dilemma: as attribution sharpens, users may flee to privacy coins (e.g., Monero, Zcash) or sophisticated mixers, fracturing onchain provenance. Thus, the community must strike a balance—leveraging AI for due diligence without undermining pseudonymity, a bedrock of decentralization.
Takeaway: Enhanced onchain visibility emboldens regulators and institutional custodians to adopt crypto, but it simultaneously pressures privacy advocates to innovate. The trajectory of DeFi scalability and AML compliance will pivot on how explorers calibrate the transparency‑privacy spectrum.
4. Blockchain Association Urges SEC to Adopt Flexible Crypto Regulation
Source: The Block Binance
On May 2, the Blockchain Association—representing heavyweights such as Coinbase, Ripple, and Uniswap Labs—submitted formal comments urging the U.S. Securities and Exchange Commission (SEC) to embrace an “incremental, flexible approach” under new Chair Paul S. Atkins. The association argued that equity‑style rule frameworks ill‑fit blockchain’s decentralized architecture, and that overly restrictive policies risk ceding global leadership in Web3 innovation. Key recommendations included:
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Modernizing “best execution” by prioritizing diligence over prescriptive equity norms.
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Leveraging public exchange APIs for oversight, eschewing bulk personal data collection.
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Convening public‑private roundtables to iteratively refine tokenization guidelines.
As the SEC grapples with litigation against major crypto firms, the association’s plea underscores a broader policy shift—from adversarial enforcement to collaborative rulemaking. If embraced, this could catalyze a regulatory renaissance, aligning U.S. competitiveness with nascent markets such as the EU’s MiCA and Singapore’s digital asset frameworks.
Analysis: A flexible U.S. regime could anchor global capital flows in American markets. However, in the near term, ambiguity may persist, prompting projects to seek out friendlier jurisdictions. The evolution of DeFi, tokenized securities, and NFT financialization hinges on whether the SEC transitions from litigation‑driven oversight to principles‑based governance.
5. Telegram’s Blockchain‑Inspired Encryption Empowers Massive Group Calls
Source: CCN.com
Messaging titan Telegram has rolled out a major security upgrade: blockchain‑inspired encryption for voice and video group calls, scaling to tens of thousands of participants. Published May 5, 2025, the update employs a distributed architecture reminiscent of blockchain’s consensus model, paired with end‑to‑end encryption and a novel four‑emoji verification system. Users can join calls via links, QR codes, or invites, accommodating up to 200 guests in peer‑to‑peer calls and vastly more in server‑mediated group sessions.
This enhancement cements Telegram’s Web3 orientation—from in‑app NFT galleries to integrated crypto wallets and June’s Grok AI chatbot. By emphasizing decentralized encryption, Telegram seeks to differentiate itself from legacy platforms and curry favor with privacy‑minded Web3 users. The $100,000 unclaimed bounty for encryption breaches further testifies to the platform’s confidence.
Perspective: As social channels become conduits for DAO assemblies, token launches, and remote governance, Telegram’s upgrade anticipates Web3 ’s communal demands. Secure, large‑scale calls could host multichain hackathons, decentralized grant panels, and NFT minting drop parties—ushering in an era where encrypted communications seamlessly integrate with onchain action.
Conclusion: Charting Tomorrow’s Web3 Horizon
Today’s headlines—from island‑wide blockchain sanctuaries to AI‑powered explorers, from biometric orbs to regulatory overtures and encrypted megacalls—illustrate the multifaceted momentum driving blockchain and crypto into mainstream orbit. Key takeaways include:
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Economic Diversification via Blockchain: Smaller nations can pivot from tourism to tech‑led growth, provided they embed sustainability and legal clarity.
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Identity & Privacy Trade‑Offs: Worldcoin’s iris scans provoke essential dialogue on biometric ethics versus Sybil‑resistance in decentralized networks.
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AI‑Driven Transparency: Arkham and Blockchair spotlight the accelerating fusion of AI and onchain analytics, demanding new privacy paradigms.
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Adaptive Regulation: The Blockchain Association’s SEC proposal signals burgeoning alignment between policymakers and innovators—critical for U.S. leadership.
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Web3‑First Infrastructure: Telegram’s encryption upgrade underscores the imperative for platforms to bake decentralized security into every layer.
As the industry hurtles forward, stakeholders must navigate these cross‑currents with pragmatic vision—embracing decentralization, protecting user sovereignty, and fostering constructive policy engagement. Tomorrow’s decentralized economy may hinge as much on robust encryption and AI transparency tools as on visionary regulation and sustainable infrastructure projects.
The post Blocks & Headlines: Today in Blockchain – May 5, 2025 – Arkham, Blockchair, Worldcoin, Maldives appeared first on News, Events, Advertising Options.
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