HIVE Blockchain Technologies Ltd. announced the further expansion of its GPU-based digital currency mining complex with the completion of the third phase (Sweden Phase 3), which commenced mining at the end of April 2018. This is the second expansion brought online in the past month and the precise execution of the company's mining roadmap has resulted in on-time completion of the facility. Sweden Phase 3 increases HIVE's energy consumption dedicated to cryptocurrency mining by 6.8 megawatts to 24.2 MW, an increase of 39%. HIVE continues to pursue profitable growth at its mining facilities, as evidenced by the completion of Sweden Phase 3, and the fully financed 20.0 MW ASIC-based mining expansion planned by September 2018 which will result in total capacity of 44.2 MW. Upon completion, the company will be capable of mining Bitcoin and Bitcoin Cash in addition to its current GPU-based facilities which currently mine Ethereum, Ethereum Classic, and Z-Cash which contribute to the company's digital currency inventory. Ongoing growth is aided by implementation of custom Genesis-designed and built A2 mining rigs to realize a more than 25% improvement in efficiency over prior generations. The company is proceeding with the closing of its recently announced acquisition of Kolos Norway AS and expects to provide an update on the acquisition in the coming weeks.