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This information launch constitutes a “designated information launch” for the needs of the Firm’s prospectus complement dated February 2, 2021 to its brief kind base shelf prospectus dated January 27, 2021.
VANCOUVER, BC / ACCESSWIRE / August 4, 2021 / HIVE Blockchain Applied sciences Ltd. (TSXV:HIVE)(NASDAQ: HVBT)(FSE:HBF) (the “Firm” or “HIVE“) declares that it has, as requested by HIVE administration, been granted a administration stop commerce order (the “MCTO“) by the British Columbia Securities Fee (the “BCSC“). Because of this through the MCTO the inventory will stay buying and selling whereas administration works diligently to finish the audit of its annual monetary statements. The administrators and administration, together with the CEO and CFO, of HIVE won’t be able to commerce shares throughout this era. As beforehand introduced on July 29, 2021 the applying for the MCTO was made on account of a delay within the preparation and submitting of its monetary statements and accompanying administration’s dialogue and evaluation for the monetary 12 months ended March 31, 2021 (collectively, the “Annual Filings”).
About HIVE Blockchain Applied sciences Ltd.
HIVE Blockchain Applied sciences Ltd. went public in 2017 as the primary cryptocurrency mining firm with a inexperienced vitality and ESG technique.
HIVE is a growth-oriented know-how inventory within the emergent blockchain trade. As an organization whose shares commerce on a significant inventory trade, we’re constructing a bridge between the digital foreign money and blockchain sector and conventional capital markets. HIVE owns state-of-the-art, inexperienced energy-powered information centre amenities in Canada, Sweden, and Iceland, the place we supply solely inexperienced vitality to mine on the cloud and HODL each Ethereum and Bitcoin. Because the starting of 2021, HIVE has held in safe storage the vast majority of its ETH and BTC coin mining rewards. Our shares present traders with publicity to the working margins of digital foreign money mining, in addition to a portfolio of cryptocurrencies similar to ETH and BTC. As a result of HIVE additionally owns onerous belongings similar to information facilities and superior multi-use servers, we consider our shares provide traders a beautiful technique to acquire publicity to the cryptocurrency house. HIVE traded over 2 billion shares in 2020.
We encourage you to go to HIVE’s YouTube channel here to study extra about HIVE.
On Behalf of HIVE Blockchain Applied sciences Ltd.
For additional data please contact:
Tel: (604) 664-1078
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this information launch
Aside from the statements of historic truth, this information launch accommodates “forward-looking data” throughout the that means of the relevant Canadian securities laws that’s primarily based on expectations, estimates and projections as on the date of this information launch. “Ahead-looking data” on this information launch consists of, however shouldn’t be restricted to, statements concerning the timing, assessment, completion and submitting of the Annual Filings, and period of the MCTO; enterprise targets and goals of the Firm, and different forward-looking data in regards to the intentions, plans and future actions of the events to the transactions described herein and the phrases thereon.
Elements that might trigger precise outcomes to vary materially from these described in such forward-looking data embody, however aren’t restricted to, the Firm might not full its audit and file the Annual Filings as presently anticipated, or in any respect; the Firm can be topic to a normal stop commerce order within the occasion that the Annual Filings aren’t accomplished and filed; and different associated dangers as extra totally set out within the registration assertion of the Firm and different paperwork disclosed below the Firm’s filings at www.sec.gov/EDGAR and www.sedar.com.
The forward-looking data on this information launch displays the present expectations, assumptions and/or beliefs of the Firm primarily based on data presently accessible to the Firm. In reference to the forward-looking data contained on this information launch, the Firm has made assumptions concerning the Firm’s potential to finish and file the Annual Filings. The Firm has additionally assumed that no important occasions happen outdoors of the Firm’s regular course of enterprise. Though the Firm believes that the assumptions inherent within the forward-looking data are affordable, forward-looking data shouldn’t be a assure of future efficiency and accordingly undue reliance shouldn’t be placed on such data because of the inherent uncertainty therein.
SOURCE: HIVE Blockchain Applied sciences Ltd.
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