Mr. Patrick Gray reports

HASHCHAIN TECHNOLOGY ANNOUNCES INTENT TO SPIN OFF NODE40, ITS BLOCKCHAIN TECHNOLOGY BUSINESS INTO A STAND-ALONE PUBLIC COMPANY

Hashchain Technology Inc.'s board of directors has unanimously approved a plan to separate the company into two independent publicly traded companies: one business focused on cryptocurrency mining (Hashchain) and the other on cryptocurrency accounting and tax compliance software, including other disruptive blockchain technology solutions (Node40). Creating two stand-alone businesses will allow each entity to maximize its respective growth opportunities and drive long-term shareholder value.

Highlights:

• Spinoff of Node40 expected to be completed no later than the fourth quarter of 2018;
• Hashchain technology will continue as the cryptocurrency mining business;
• Node40 will become an exclusive blockchain technology company;
• Shareholders on record will be distributed on a pro rata basis one Node40 share for every one Hashchain share held.

"Cryptocurrency mining and the blockchain technology space are evolving at an accelerated pace in their own distinct directions," said Patrick Gray, chief executive officer and president of Hashchain. "With each business today facing unique market opportunities and challenges, it has become clear that winning in both requires separate strategies, focused investments and dedicated leadership."

The separation will allow each company to focus on unique growth opportunities, better direct capital allocation priorities, and rapidly pursue independent strategic and corporate development agendas.

Node40's ambition is to be the leading supplier of cryptocurrency accounting and tax compliance solutions. Its flagship product, Balance, along with its suite of proprietary accounting tools, was built to live in the evolving landscape of cryptocurrency regulation and government oversight. Balance is a best-in-class blockchain product that provides a high-value and user-friendly experience for its customers. In parallel, Node40 intends to continue as the leading masternode service-hosting provider for the Dash network and to pursue additional alternative-coin masternode hosting where financially accretive.

Through to completion of the spinoff and beyond, Node40 will continue to aggressively build enterprise-grade functionality in Balance and collaborate with leading strategic partners to scale rapidly.

George E. Kveton, chief commercial officer and responsible for the blockchain technology business, will become president and chief executive officer of Node40 upon completion of the transaction. Mr. Kveton has over 20 years experience as an international corporate development executive.

"Mr. Kveton's proven track record with fast-moving consumer goods, emerging markets, start-ups and regulated industries ideally places him to steward innovation and lead profitable growth at Node40. The board and I are confident he is the right choice at the right time," said Mr. Gray.

The transaction is intended to take the form of a tax-free distribution to Hashchain shareholders. The expected stock distribution ratio will be confirmed at a future date. Hashchain expects to complete the spinoff some time in the fourth quarter 2018.

Completion of the transaction is subject to certain customary conditions, including stock exchange, court and shareholder approvals.

About Hashchain Technology Inc.

Hashchain is a blockchain company and the first publicly traded Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. Hashchain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining wins. Hashchain currently operates 100 Dash mining rigs and 3,395 Bitcoin rigs, with an additional 6,000 to be deployed upon successful completion of its recently announced acquisitions.

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