This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021.
Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) announces that it has, as requested by HIVE management, been granted a management cease trade order (the “MCTO”) by the British Columbia Securities Commission (the “BCSC”). 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 CEO and CFO, 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 (collectively, the “Annual Filings”). About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are 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 we source 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. Our 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 centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. HIVE traded over 2 billion shares in 2020.
T
@RealityCheck some people said when I was picking up HIVE shares bout 2 years ago for 11 cents that crypto is over and I'll loose all my money!! Now my HIVE holdings are worth over $1million CAD and they want me to buy the $3000 vacuum they're selling 🤣🤣🤣 and some insurances on the side!!! I'm bullish AF on this !!! I'll be here still 5 years from now!! let's see then if HIVE is not $50 cad yet!!!
K
Loving reports about Eth and the price action. If your looking to add eth, hive is the way to go!!!!!!!
J
Is the US manipulating and causing FUD in the crypto market with "ANNOUNCEMENTS"? What I mean is are they artificially keeping the price low by saying thing like "We are looking into regulating the use of crypto" . or making other announcements against crypto use to scare off investors (price rising)? Every week there is something from the US govt. and if crypto starts to gain momentum a word from them quells the run,
NiceHash - Leading Cryptocurrency Platform for Mining and Trading
www.nicehash.com
G
Everyone super excited because Hive jumped a few cents, and is still six dollars under what it should be. Relax. See what happens. No reason to be excited unless you hold some Ethereum too! Now that can be exciting.
S
ETH2 Will be completed only in late 2022. so , overreaction as usual on stock price. Quarterly results will reflect the real financials and stock price will. gradually increase. patience will be adequately rewarded .
S
Jeffrey B, can we expect a rally at close today?
j
Results will be the key for the stock . If they are not great there will be a huge sell off. My fear is how is Frank paying for all the investments and purchases when he says they are holding the coins. I hold 2925 shares of this stock at 6.07 and not sure what is going happen.
a
Hive partner Defi Technologies (DEFTF / DEFI.NE) earnings just announced their earnings for Aug 13, one day after Hive (hopefully) announces.
A
Good video on the number of current miners and incoming miners and what the price of Hive stock could be. I posted similar results here a couple of months back. Still holding strong 136k shares and waiting for the price to hit $20 to $30 dollars. Long term investor not a day trader. https://youtu.be/U2nPoeK7u_A
Diamond Hands, Hive Nation!
Bitcoin is under pressure from the SEC and the Infrastructure Bill. Could possibly go down further to the $34 - $36k level before bouncing back up above $46k...
Bitcoin is under pressure from the SEC and the Infrastructure Bill. Could possibly go down further to the $34 - $36k level before bouncing back up above $46k...
www.youtube.com
S
At this price and time, HIVE/HVBT best buys of all time. Low price, great opportunity, combination of BTC and ETH, very little regulation and very few institutions have any real exposure to BTC or ETH. But these sharks will very soon want their pound so sooner or later trillions will flow in. On the other hand more and more common people are losing confidence in value of traditional and outdated government issued printed currency. Knowing how corrupt they can get, are you going to give them more regulatory powers or will you prefer a transparent open-source ledger? In the end, open-source always wins!
R
We are cleared for take off
B
Just so we are all clear.. hive is trading at about 5x multiple based on the 200 mil run rate.. it’s like free money at this price level
T
Ethereum is making a nice climb should be interesting if it goes parabolic overnight into the FORK and I would expect Hive to have a nice jump up. Maybe Frank drops record financials soon after to really get the party started. Good luck longs!
K
In the first half of the year, #Ether trading volume surged 1,400% as institutions took exposure, reports @CoinDesk . In fact, ETH market grew 3x faster than #BTC in the first six months of 2021. We are the only public miner that mines both BTC and ETH
R
Canaan will deliver the mining machines in two tranches over the next 60 days: 2,000 machines in August 2021 and 2,000 machines in September 2021.@hiveblockchain
E
If you believe that crypto/blockchain is the future and you bought Hive (or even other miners), you put your money on the right horse Don't sell, accumulate and go with the flow
B
Looking forward to the next 2-3 weeks...All depends on BTC & ETH prices...I am feeling prety good
W
I'm interested in seeing how things progress next week. We have ETH and BTC climbing, and the Canadian market closed due to civic holiday on the Monday. This leaves only US traders for a big day back. If Crypto continues to rise next week, so will mining stocks. BITF, MARA, RIOT, made incredible runs being a few months ago when Crypto peaked. At that time HIVE didn't have the market exposure they did. But we do now. It's safe to say if Crypto is up Monday, we can expect SP to rise, and Canadian shorts (they've been around on this board a LONG time doing what they do) will be unable to close positions until Tuesday - and things could be very interesting. It's similar to when SP rose on uplisting on Canada Day weekend. I have the feeling that our neighbors down south will be buying Monday - as seen in AH trading late Friday. The PR concerning the late filing may have been a bear trap considering all of the positive news that has followed. Here's the kicker: management will also be releasing earnings at a time when Crypto is doing better and the stock price is significantly higher than it would have been as of July 29th. These are legitimate reasons that could lead to shorts panicking and covering next week, triggering a squeeze and driving SP even further. It's speculation, but something gives me the feeling this is exactly what's going to happen. This could be the turning point for all of who have been long on HIVE.
HIVE Blockchain Receives MCTO
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021.
Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) announces that it has, as requested by HIVE management, been granted a management cease trade order (the “MCTO”) by the British Columbia Securities Commission (the “BCSC”). 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 CEO and CFO, 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 (collectively, the “Annual Filings”).
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are 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 we source 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. Our 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 centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. HIVE traded over 2 billion shares in 2020.
Relax. See what happens. No reason to be excited unless you hold some Ethereum too! Now that can be exciting.
Diamond Hands, Hive Nation!
@CoinDesk
. In fact, ETH market grew 3x faster than #BTC in the first six months of 2021. We are the only public miner that mines both BTC and ETH
Don't sell, accumulate and go with the flow