HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) expects to file its annual report on Form 40-F, which contains its annual audited financial statements, along with its CEO and CFO certifications and management discussion and analysis filing, after the scheduled filing date of June 29, 2022; the reports are for the fiscal year ended March 31, 2022. According to the announcement, HIVE intends to file the required documents on or before July 15, 2022. As a result of the delayed filing, the company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market. The July 1, 2022, notification, which has no immediate effect on the listing or trading of HIVE’s common shares on the Nasdaq Capital Market, officially informed the company that it was not in compliance with Nasdaq listing requirements and notified HIVE that it is required to submit a plan to regain compliance within 60 calendar days. The company noted that the delay is a result of several factors, including the challenge of meeting the shorter filing deadline for non-venture issuers in Canada due to its recent listing on the NASDAQ as well as the rapid increase in the company’s growth and the accompanying increase in the number of transactions. The announcement noted that HIVE does not anticipate difficulties with future filings and is in the process of hiring additional finance staff and making other arrangements to satisfy future filing requirements.
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About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies IVE 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. The company 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 center 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. Those 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 multiuse servers, the company believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space. For more information about the company, please visit www.HiveBlockchain.com.
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