HIVE Announces Nasdaq Listing
HIVE Blockchain Technologies Ltd. has received approval to list its common shares on the Nasdaq Capital Markets Exchange while retaining its listing on the TSX Venture Exchange. HIVE, a pioneer in cryptocurrency mining with a focus on green energy, went public in 2017 and operates state-of-the-art data center facilities in Canada, Sweden, and Iceland. The company has accumulated a significant amount of Ethereum and Bitcoin since early 2021, offering shareholders exposure to digital currency mining's operating margins.
- HIVE received approval for listing on the Nasdaq, expanding market access.
- Retains TSX Venture Exchange listing, enhancing visibility.
- Focus on green energy positions HIVE favorably in the cryptocurrency mining sector.
- Volatility in digital currency prices could adversely impact operations.
- Potential challenges in profitably liquidating digital currency inventory.
- Ongoing effects of COVID-19 may disrupt supply chains and operations.
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, BC / ACCESSWIRE / June 17, 2021 / HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE:HBF) (the "Company" or "HIVE") is excited to announce today that it has received approval from the Nasdaq Stock Market LLC ("Nasdaq") to list its common shares on the Nasdaq's Capital Markets Exchange. HIVE will retain its listing on the TSX Venture Exchange (TSX.V).
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. We are listed on the TSX.V exchange and our shares will soon trade on the Nasdaq's Capital Markets Exchange.
HIVE is a growth-oriented company in an emergent industry. We are building a bridge between the blockchain sector and traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Since the beginning of 2021, HIVE has accumulated the majority of its ETH and BTC coin production, which we hold in secure storage. Our deployments provide shareholders with exposure to the operating margins of digital currency mining, as well as a portfolio of crypto-coins such as BTC and ETH. HIVE traded over 2 billion shares in 2020.
For more information and to register to HIVE's mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
"Frank Holmes"
Executive Chairman
For further information please contact:
Frank Holmes
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to, statements with respect to listing and trading on the Nasdaq.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company's performance as supply chains are disrupted and prevent the Company from operating its assets; and other related risks as more fully set out in the Filing Statement of the Company and other documents disclosed under the Company's filings at www.sedar.com.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company's assets going forward; the Company's ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies will be consistent with historical prices; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
SOURCE: Hive Blockchain Technologies Ltd
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https://www.accesswire.com/652098/HIVE-Announces-Nasdaq-Listing
FAQ
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