Today Hydro66 list on the Canadian Securities Exchange (CSE:SIX). It's a hugely exciting progression for us and our clients, and there are a lot of announcements coming out on the technical details of the deal. For those interested, I will describe some of the history and context of the events leading up to the listing.
Up until March this year, Hydro66 was privately owned by a group of individuals including founder and Internet entrepreneur David Rowe and our management team.
On March 2nd 2018 we raised 10 million CAD and welcomed new investors from Canada. As part of this David and the other original investors took majority ownership of a Canadian investment vehicle called Arctic Blockchain Ltd.
Together with our new investors it was always our intent to list on the CSE. At the time David said “The path towards a public listing will provide access to larger pools of finance as we broaden our ambitions and footprint”. To save time, this has been accomplished via the Reverse Take Over of a listed shell, namely Caza Gold. On June 8th 2018 we announced that Arctic Blockchain Ltd merged with Caza Gold and renamed to Hydro66 Holdings Corp.
At the time of listing, the ownership of the company is approximately 80% original investors and 20% new Canadian investors. Hydro66 Holdings Corp. wholly owns Hydro66 UK Ltd which in turn owns the Hydro66 operating companies in Sweden. The management team remains in place, with David continuing as Chairman. Soon we will have an Investor Relations section on this website where you can stay up to date with our progress. The listing goes live today and we will trade under ticker symbol “CSE.SIX”
Listing our stock on the CSE will enable more people to join us on our journey in becoming Europe’s largest and greenest commercial datacenter, purpose built for HPC applications.
Meanwhile it’s business as usual in Boden and we are focussing on our customers by running and expanding our highly efficient datacenter.
For more details please see our recent Press Release