Mr. Frank Holmes reports
HIVE BLOCKCHAIN RECEIVES MCTO
Hive Blockchain Technologies Ltd. has, as requested by Hive management, been granted a management cease trade order by the B.C. Securities Commission. This means that during the MCTO, the stock will remain trading while management works diligently to complete the audit of its annual financial statements. The directors and management, including the chief executive officer and chief financial officer, of Hive will not be able to trade shares during this period. As previously announced on July 29, 2021, the application for the MCTO was made due to a delay in the preparation and filing of its financial statements and accompanying management's discussion and analysis for the financial year ended March 31, 2021.
About Hive Blockchain Technologies Ltd.
Hive Blockchain went public in 2017 as the first cryptocurrency mining company with a green energy and ESG (environmental, social and governance) strategy.
Hive is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, it is building a bridge between the digital currency and blockchain sector and traditional capital markets. Hive owns state-of-the-art, green-energy-powered data centre facilities in Canada, Sweden and Iceland, where it sources only green energy to mine on the cloud and hodl both ethereum and bitcoin. Since the beginning of 2021, Hive has held in secure storage the majority of its ETH and BTC coin mining rewards. Its shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because Hive also owns hard assets such as data centres and advanced multiuse servers, it believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space. Hive traded over two billion shares in 2020.
We seek Safe Harbor.
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