HIVE Blockchain Technologies Ltd. announced the production figures from the Company's global Bitcoin operations for the month of March 2023, with 282 Bitcoin produced, and a current BTC HODL balance of approximately 2,310 (as of March 31, 2023). On average the Company has continued to operate above 3 Exahash ("EH/s") throughout March 2023. Summary Overview: HIVE prododuced 282 Bitcoin in the month of March 20 23, from AC and GPU mining operations, representining an average of 91 Bitcoin Per Exahash, with an average hashrate of 3.09 EH/s; HIVE Produced an average of 9.1 BTC per day in March 2023; HIVE has received over 5,600 BuzzMiners in its data centers, all of which are operating as of today; HIVE ended the month with 3.36 EH/s of mining capacity, including ASIC and GPU BTC hashrate; HIVE sold all of the Bitcoin earned from GPU mining hashrate payouts.

The Company's total Bitcoin production in March 2023 was: 282 BTC p produced; 9.1 BTC produced per day on average; 3.36 Exahash of BTC Hashrate as of March 31, comprised of 3.06 Exahash of ASIC hashrate and 0.3 Exahash of GPU BTC equivalent Hashrate; Monthly average of 3.09 Exahash, which is equal to 91 Bitcoin per Exahash, comprised of an average of 2.88 Exahash of ASIC mining capacity and average of 210 PH/s of Bitcoin GPU mining capacity during the month; This represents a 12% month over month increase in average hashrate (February was 2.75 EH/s average hashrate). Bitcoin Global Network Mining difficulty Is Volatile Network difficulty factors are a variable in t the Company's gross profit margins. The Bitcoin network difficulty was 43.1T as at March 1, and increased to 46.8T as at March 31, reaching an all-time high.

Accordingly, Bitcoin mining difficulty ended the month about 9% higher than the beginning of the month.