02:08:41 EDT Sun 17 Oct 2021
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Hive Blockchain Technologies Ltd
Symbol HIVE
Shares Issued 366,841,709
Close 2021-03-16 C$ 4.47
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Globe says Hut 8, rivals hear better disclosures needed

2021-03-17 09:11 ET - In the News

See In the News (C-HUT) Hut 8 Mining Corp

The Globe and Mail reports in its Wednesday, March 17, edition that Canadian securities regulators are urging companies in the cryptocurrency industry to improve the quality of their disclosures to investors. The Globe's Vanmala Subramaniam writes that a recent bulletin from the Canadian Securities Administrators said crypto trading platforms and companies in the crypto mining sector have "novel issues" with compliance because of the "emerging nature" of this class. The bulletin said, "Crypto issuers considering filing a prospectus or entering into a restructuring transaction to enter the Canadian public markets should carefully consider what disclosure to provide about their business model in order to meet their regulatory requirements." Last week, bitcoin miner Hut 8 Mining filed in Canada and the United States to complete a $500-million raise on the TSX Venture Exchange. Hut 8's stock has jumped a whopping 500 per cent since December, 2020, in tandem with the rise in the price of bitcoin. Ether Capital, which invests in ethereum technology, raised almost $30-million this week in a deal led by Canaccord Genuity and CIBC World Markets. Ether Capital's stock has risen about 200 per cent since December.

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