HIVE Blockchain Technologies Ltd. announced 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. 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.