Hong Kong, 19 April 2019 – Genesis Mining Ltd. (“Genesis Mining”), one of the world’s leading cloud mining companies and owner of an approximately 27% stake in HIVE Blockchain Technologies Ltd. (“HIVE”), announces that it has requested a General Meeting of shareholders (“GM”) of HIVE in order to pass special resolutions of the shareholders to remove Frank Holmes, Tobias Ebel, and Marcus New from the Board of Directors and to elect new directors as follow:
Nicolas Chaparro serves as the Nordics Regional Manager for Genesis Mining and CEO of Genesis Mining Iceland. Prior to joining Genesis Mining, he was Director of Operations for Redavia GmbH, an EMEA Region Strategy Consultant for McKinsey & Company, and held several senior leadership roles at Genser Power Inc. Mr. Chaparro has a B.Sc. in electrical engineering, a B.Sc. in mechanical engineering, and a M.Sc. in sustainable energy technology. Throughout his career, Mr. Chaparro has led large-scale infrastructure projects with a focus on renewable and sustainable energy. He brings a wealth of experience in corporate development, institutional sales, business operations, and commercial negotiations.
Brett Stapper is CEO of Front Lines Media and a leading media strategist for emerging and disruptive technologies. He has a proven track record developing and executing creative campaigns that move the needle for startups, political initiatives, and publicly traded companies. Mr. Stapper was named one of the Top Ten Names To Know In Bitcoin by Business Insider, one of the Top Ten Entrepreneurs To Watch In San Diego by SanDiego.com, and was one of 25 entrepreneurs in their twenties to be profiled the San Diego Business Journal.
Genesis Mining has significant concerns with regard to the current corporate management of HIVE and in its view Frank Holmes, Tobias Ebel, and Marcus New have not acted in the best interest of HIVE. Genesis Mining also seeks to protect its controlling interest in Hive and to ensure the success of Hive for all shareholders.
In its requisition sent today to HIVE, Genesis Mining requires HIVE to convene a general shareholders’ meeting to place before the shareholders special resolutions to remove Frank Holmes, Tobias Ebel, and Marcus New from the Board of Directors and to elect Nicolas Chaparro and Brett Stapper.
Dated April 19, 2019
GENESIS MINING LTD.