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
To view an enhanced version of this graphic, please visit:
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
VanEck Prepares to Launch PurposeBuilt Fund to Invest in Real-World Applications on Avalanche
Blockchain innovation continues to accelerate, weaving together emerging technologies, sustainability goals, and new financial models. In today’s Blocks & Headlines briefing—May 20, 2025—we explore five groundbreaking stories: Cerebra Supernova’s AI-blockchain energy convergence, Chainlink/Kinexys/Ondo’s blockchain DVP trial, the launch of Blockchain Cloud Mining’s “Master” digital-gold platform, Sakhila Mirza steering Responsible Gold’s blockchain expansion, and Automobili Estrema’s NFT-powered “Dizzy Viper” art drop. Each development signals how Web3, DeFi, and NFTs are reshaping finance, supply chains, and creative industries. Below, we strip away hyperlinks, offer concise coverage, and provide op-ed insights on the broader implications for blockchain’s next chapter.
1. AI & Blockchain Convergence for Sustainable Energy Systems
Key News: Cerebra Supernova, a French startup, has unveiled a pilot platform that combines AI-driven grid optimization with a blockchain-enabled energy-credit marketplace. By using reinforcement-learning algorithms to forecast renewable output and smart contracts to automate peer-to-peer energy trades, the system aims to reduce curtailment and incentivize prosumers.
Details:
-
Reinforcement Learning Grid Management: AI agents predict wind and solar generation with 98% accuracy, dynamically adjusting dispatchable assets (batteries, gas turbines) to maintain stability.
-
Energy-Credit Tokens: Green-energy surplus is tokenized as “SolarLoop” ERC-20 tokens, tradable among households, businesses, and utilities with settlement on an Ethereum Layer-2 network.
-
Sustainability Impact: Early trials on Corsican microgrids reported a 12% reduction in fossil-fuel use and a 20% increase in renewable utilization.
Opinion & Implications:
The fusion of AI and blockchain in energy grids marks a pivotal shift toward decentralized, citizen-driven utilities. Traditional power markets struggle with intermittent renewables; embedding autonomy via smart contracts democratizes access and aligns incentives for cleaner output. However, real-world rollouts must address interoperability (across protocols), token volatility, and regulatory clarity on digital asset classification. Cerebra Supernova’s initiative may well set the template for community microgrids worldwide, but scaling will require standardized APIs, robust cybersecurity measures, and policy frameworks to integrate tokenized energy credits into broader carbon-pricing schemes.
Source: SiliconANGLE
2. Chainlink, Kinexys & Ondo Test Blockchain DVP Settlement
Key News: Chainlink Labs, Kinexys, and Ondo Finance have jointly piloted a Distributed Delivery-Versus-Payment (DVP) settlement mechanism on a public blockchain, targeting institutional bond and ETF trades. By leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Kinexys’ settlement-oracle mesh, the trial achieved atomic settlements: assets and payments exchanged simultaneously, irrevocably on-chain.
Details:
-
Atomic DVP Workflow: Upon trade execution in an off-chain matching engine, settlement instructions trigger on-chain via CCIP messages; Kinexys oracles confirm balances, and Ondo’s tokenized cash-equivalent stablecoins (nUSD) finalize payment.
-
Performance Metrics: End-to-end latency clocked at 3 seconds per transaction, with sub-$0.50 gas costs due to Rollup-level batching.
-
Risk Reduction: Eliminates counterparty and settlement-fails risk inherent in T+2 markets, enabling real-time finality and freeing collateral faster.
Opinion & Implications:
Bridging traditional capital markets and public blockchains has long been the Holy Grail of institutional DeFi. This DVP pilot demonstrates that rigorous market-standard settlement can coexist with open-ledger transparency and composability. Yet, regulatory acceptance remains the linchpin—securities regulators must endorse on-chain finality as equivalent to legal settlement. Moreover, interoperability across permissioned and permissionless networks will determine whether tokenized securities truly scale. If such trials proliferate, expect incumbent custodians and clearinghouses to partner with decentralized-oracle providers, laying the groundwork for a 24/7 global settlement infrastructure.
Source: The Paypers
3. Blockchain Cloud Mining’s “Master” Digital-Gold Platform Launch
Key News: Blockchain Cloud Mining has released Master, a turnkey cloud-mining and staking portal enabling users to allocate fiat and crypto into diversified mining assets—Bitcoin, Ethereum PoS, and a curated basket of altcoins—via a single, web-based dashboard.
Details:
-
Encrypted Wealth Strategy: Master abstracts miner procurement, hosting, and maintenance; users simply choose “Digital Gold,” “Ethereum Yield,” or “DeFi Basket” plans.
-
Revenue Sharing: Monthly returns distributed as tokenized dividends (DCM-TOKEN), tradable on major DEXs.
-
Security & Compliance: KYC/AML integrated Sign-in, cold-storage custody of mined coins, and quarterly third-party audits published on-chain.
Opinion & Implications:
As retail investors seek passive crypto exposure, cloud-mining platforms promise hands-off rewards but often lack transparency. Blockchain Cloud Mining’s audited model and tokenized dividend structure could elevate trust—but token economics must guard against dilution and rug-pull risks. Moreover, the environmental debate around proof-of-work mining persists; integrating renewable-energy credits or carbon offsets into mining-assets offerings could be a differentiator. As staking yields compress and DeFi bear cycles loom, platforms like Master will need to innovate risk-adjusted return products and perhaps incorporate algorithmic governance to align user incentives.
Source: GlobeNewswire
4. Responsible Gold Taps Sakhila Mirza to Lead Blockchain-Powered Expansion
Key News: Responsible Gold, the tokenized-asset platform enabling fractional, KYC-compliant gold ownership, has appointed fintech executive Sakhila Mirza as Chief Growth Officer. Her mandate: scale the “Trusted Gold” ecosystem and forge partnerships with bullion exchanges, central banks, and luxury-goods providers.
Details:
-
Trusted Gold Tokens (TGT): ERC-721 tokens representing audited, insured physical gold bars stored in vaults across Switzerland and Singapore.
-
Expansion Strategy: Under Mirza, the platform aims to integrate with central-bank digital currency (CBDC) pilots, enabling gold-backed CBDC overlays. Plans include white-label solutions for jewelry retailers to mint fractional gold tokens at point-of-sale.
-
Governance & Audits: Monthly on-chain proof-of-reserve updates via Merkle-proof contracts; annual audits by Big Four firms.
Opinion & Implications:
Tokenizing real-world assets like gold has been heralded as blockchain’s killer app—but adoption hinges on regulatory trust, custodial transparency, and consumer education. Mirza’s track record in partnerships could bridge the gap between crypto-natives and traditional finance, positioning TGT as a credible store-of-value for both investors and commerce. CBDC integration is particularly visionary: by tethering digital fiat to gold reserves on-chain, central banks could assuage inflation concerns and experiment with programmable money. However, geopolitical tensions around reserve asset denial and cross-border gold transfers may challenge such initiatives—making governance frameworks and legal clarity paramount.
Source: Business Wire
5. Automobili Estrema & Fabian Oberhammer’s “Dizzy Viper” NFT Collaboration
Key News: Italian hypercar maker Automobili Estrema has partnered with digital artist Fabian Oberhammer to launch “Dizzy Viper”, a limited-edition NFT art series minted on the NEAR Protocol, celebrating the brand’s cutting-edge “Fulminea” electric supercar.
Details:
-
Collector Drops: 333 dynamic NFTs featuring generative-art viper motifs synchronized to real-time telemetry data from a Fulminea test run.
-
Utility Perks: NFT holders receive VIP track day invites, factory tours, and a fractional stake in a bespoke Fulminea prototype.
-
Environmental Offset: Minting energy consumption offset via NEAR’s carbon-neutral consensus and direct funding of reforestation projects in Italy.
Opinion & Implications:
Luxury automotive brands entering the NFT arena exemplify Web3’s fusion with experiential marketing. By linking on-chain art to real-world perks and data streams, Automobili Estrema deepens fan engagement while tapping new revenue from digital collectibles. NEAR’s eco-friendly blockchain underscores the need for sustainability in NFT minting—a growing concern among high-net-worth audiences. The fractional ownership model hints at broader use cases: tokenized access to exclusive assets (cars, yachts, art) could spur secondary markets and novel governance rights. For blockchain enthusiasts, this collaboration showcases how tokenomics and experiential utility can elevate brand loyalty beyond traditional merchandising.
Source: PR Newswire
Conclusion & Key Takeaways
Today’s headlines reflect a blockchain ecosystem maturing across multiple dimensions:
-
Sustainability & Decentralization: AI-blockchain energy grids and carbon-neutral NFT minting demonstrate a commitment to environmental stewardship.
-
Institutional Integration: DVP settlement trials and tokenized gold underscore blockchain’s encroachment into capital markets and reserve assets.
-
Democratized Access: Cloud-mining platforms and fractional gold tokens lower barriers to crypto and real-asset investing, while highlighting the need for transparency.
-
Experiential Web3: Luxury brands and community microgrids leverage tokenized incentives to forge deeper user connections.
-
Regulatory & Governance Frontiers: From Massachusetts-style AI commissions to CBDC-gold overlays, legal frameworks will shape the pace and direction of blockchain adoption.
As blockchain transcends niche use cases, cross-sector collaboration and robust governance will determine whether these innovations realize their transformative promise. Today’s stories are more than headlines—they’re signposts pointing to a decentralized, tokenized future where AI, finance, sustainability, and creativity converge on the distributed ledger.
The post Blocks & Headlines: Today in Blockchain – May 20, 2025 appeared first on News, Events, Advertising Options.
-
Blockchain Press Releases6 days agoFintica AI and Mima Wallet Announce Strategic Partnership and Launch Joint Venture, Fintica Crypto Ltd
-
Blockchain6 days agoBDM Digital Initiates Promising Dialogue with Stanford Law School in Pursuit of Strategic Partnerships in Silicon Valley
-
Blockchain6 days agoBlocks & Headlines: Today in Blockchain – May 15, 2025 (BTC’s Push, Pi Network Fund, Stablecoin Levers, JPM Pilot, OKX × Man City)
-
Blockchain6 days ago
Wen Acquisition Corp Announces the Pricing of $261,000,000 Initial Public Offering
-
Blockchain5 days ago
Mercurity Fintech’s Subsidiary Grows Cross-Border Business Advisory Services with New Asia-Pacific Healthcare Client Engagement
-
Blockchain5 days agoSaudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services – Competition, Forecast & Opportunities to 2030
-
Blockchain Press Releases6 days agoHTX Hot Listings Week 6 May 2025: Top Gainer Up 521% as Bitcoin Breaks $100K Again
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain – May 16, 2025
