^VANCOUVER, British Columbia, Feb. 16, 2023 (GLOBE NEWSWIRE) — HIVE Blockchain
Technologies Ltd. (TSXV:HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or
“HIVE”) announces that due to an unforeseen
tax assessment that it received this morning in relation to one of its European
Subsidiaries will not be able to receive its
Interim financial statements and the accompanying management report as well as the analysis
for the three and nine months ended December 31, 2022 (collectively the
“Interim Reports”), to be submitted by February 14, 2023, the date on which
such filings in accordance with applicable Canadian securities regulations
are due. The late filing is due to the fact that the
Company thereby had sufficient time to assess the possible impact of this
to evaluate the decision on the interim reports. HIVE assumes that the
Interim reports filed on or before February 28, 2023.
Because we operate in so many different countries, we can do ours
Diversify holdings and low-cost green electricity in stable areas
relate. However, it also brings reporting complications
itself, as each country has its own requirements and procedures for filing and
reporting has. HIVE has numerous in every country in which it operates
Subsidiaries, and the company requires local
Accounting firms and consultants an independent audit in compliance
of local guidelines. To solve these problems, HIVE keeps searching
Opportunities to streamline your financial processes, to review, audit
and speed up reporting.
In response to the delay in reporting, the company
petitioned the British Columbia Securities Commission for an injunction
Commercial Officers (the “MCTO”) representing the Chief Executive Officer and the Chief
The company’s financial officer trading in the company’s stock
prohibited until the interim reports have been filed and the MCTO
was withdrawn. The company currently assumes that the
Interim reports to be filed on or before February 21, 2023 and will be
at that time issue a press release stating the conclusion
of this filing will be announced. Until the company die
Submitting interim reports, it becomes the guidelines for alternative
Information in accordance with National Policy 12-203 – Management Cease Trade Order
retain. Among other things, the guidelines stipulate that the company must
two weeks reports on the state of affairs in the form of a press release
publishes as long as the interim reports have not been submitted. Will the
MCTO granted, the general investing public may for the duration of the MCTO
continue trading in the company’s stock.
We will keep investors informed throughout this process.
Information about HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went in 2017 as the first cryptocurrency mining
Companies with a green energy and ESG strategy to go public.
HIVE is a growth-oriented technology stock in the emerging
blockchain industry. As a company whose shares are listed on a major stock exchange
are traded, we build a bridge between the digital currency and
Blockchain sector and traditional capital markets. HIVE owns
state-of-the-art, green energy data centers in Canada, Sweden and
Iceland where we are striving to source green energy to create digital values like
Mining bitcoin in the cloud. Since the beginning of 2021, HIVE has had the largest part
of its ETH and BTC values from mining earnings are kept safe. Our shares
offer investors exposure to the operating margins of mining digital
Currencies and a bitcoin portfolio. Since HIVE also “hard assets” like
Data centers and advanced multipurpose servers
owns, we believe our shares offer investors an attractive
Offer an opportunity to get involved in the cryptocurrency space.
We encourage you to visit HIVE’s YouTube channel here to learn more about
to experience HIVE.
For more information and the opportunity to subscribe to the HIVE mailing list
can be found at www.HIVEblockchain.com
(http://www.hiveblockchain.com/).
Follow @HIVEblockchain on Twitter and subscribe to the YouTube channel
HIVE.
On behalf of HIVE Blockchain Technologies Ltd.
“Frank Holmes”
Executive Chairman
For more information please contact:
frank holmes
Phone: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Service Providers (equivalent
the definition of that term in the policies of the TSX Venture Exchange)
accept responsibility for the adequacy or accuracy of these
press release.
Forward-Looking Information
Aside from historical facts, this press release contains
“forward-looking information” and “forward-looking statements”.
applicable Canadian and US securities laws applicable to
Expectations, estimates and projections as of the date of this press release
“Forward-Looking Information” in this press release
among other things, statements about the timing, the test, the conclusion and the
Submission of preliminary documents, application and issuance of an MCTO,
the company’s business goals and other forward-looking ones
Information about the intentions, plans and future actions of the parties
of the transactions described herein and the associated conditions.
Among the factors that could cause the actual results
materially from those described in such forward-looking information
deviate include, among other things, that the company does its audit
complete and the interim reports not as currently expected or at all
can not submit, as well as other associated risks that are in the
Company registration statement and other documents provided under
www.sec.gov/EDGAR and www.sedar.com are set forth in more detail
are.
The forward-looking information contained in this press release reflects the
current expectations, assumptions and/or beliefs of the company on the
based on the information currently available to the company. In the
in connection with the forward-looking statements contained in this press release
information, the company has assumptions about the ability of the company
taken to finalize and submit interim reports. The company is
also assumed that no significant events occurred outside of
occur in the normal course of business of the company. Although the company
believes that the forward-looking information is based
underlying assumptions are reasonable, forward-looking information is not
Guarantee of future performance, and accordingly should due to the
uncertainty contained therein no undue reliance on such
information is set.
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