NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / February 2, 2021 / HIVE Blockchain Applied sciences Ltd. (TSX.V:HIVE)(OTCQX:HVBTF)(FSE:HBF) (the “Firm” or “HIVE“) is happy to announce that in calendar 2020 it was probably the most liquid inventory buying and selling over 1.7 billion shares mixed on the TSX Enterprise Change (“TSX.V“) and Canadian different buying and selling techniques (“ATS“) in Canada, was ranked 4th on the OTCQX® Greatest 50, a rating of prime performing corporations traded on the OTCQX Greatest Market final yr and that it has entered into an fairness distribution settlement (the “Fairness Distribution Settlement“) with Canaccord Genuity Corp.
2020 Most Liquid TSX.V Listed Inventory
Through the calendar yr 2020, primarily based on Bloomberg information, the Firm was probably the most liquid inventory buying and selling over 1.76 billion shares on the mixed TSX.V and ATS exchanges greater than tripling their earlier annual highest quantity of 580 million shares in 2018. Mr. Frank Holmes, Interim Govt Chairman of HIVE commented, “This robust liquidity is what separates HIVE from its rivals and makes HIVE by far probably the most liquid Canadian inventory in our sector in 2020.”
OTCQX Greatest 50
The Firm is honored to be named to the OTCQX Greatest 50, and rating as #4 on that prestigious record. The OTCQX Greatest 50 is an annual rating of the highest 50 U.S. and worldwide corporations traded on the OTCQX market. The rating is calculated primarily based on an equal weighting of one-year complete return and common every day greenback quantity progress within the earlier calendar yr. Firms within the 2021 OTCQX Greatest 50 had been ranked primarily based on their efficiency in 2020.
For the whole 2021 OTCQX Greatest 50 rating, go to: https://www.otcmarkets.com/files/2021_OTCQX_Best_50.pdf
The OTCQX Greatest Market presents clear and environment friendly buying and selling of established, investor-focused U.S. and world corporations. To qualify for the OTCQX market, corporations should meet excessive monetary requirements, observe finest observe company governance, and show compliance with relevant securities legal guidelines.
At-the Market Providing
Pursuant to the Fairness Distribution Settlement, the Firm might, every so often, promote as much as US$100 million of frequent shares (“Frequent Shares“) within the capital of the Firm (the “ATM Fairness Program“). The Firm intends to make use of the web proceeds of the ATM Fairness Program, if any, principally for normal company and dealing capital necessities, funding ongoing operations, to repay indebtedness excellent every so often, to finish future acquisitions, or for different company functions.
Mr. Holmes remarked, “We now have chosen the ATM Fairness Program for a number of compelling causes together with a a lot much less value of capital, flexibility to rapidly seize alternatives whereas constructing our Bitcoin and Ethereum stock of cash.”
For the reason that Frequent Shares might be distributed at buying and selling costs prevailing on the time of the sale, costs might fluctuate between purchasers and in the course of the interval of distribution. The amount and timing of gross sales, if any, might be decided on the sole discretion of the Firm’s administration and in accordance with the phrases of the Fairness Distribution Settlement. To this point, no Frequent Shares have been distributed by the Firm pursuant to the Fairness Distribution Settlement.
Gross sales of Frequent Shares, if any, underneath the ATM Fairness Program are anticipated to be made in transactions which might be deemed to be “at-the-market distributions” as outlined in Nationwide Instrument 44-102 Shelf Distributions, as gross sales made instantly on the TSX.V or every other acknowledged Canadian “market” throughout the which means of Nationwide Instrument 21-101 Market Operation. The ATM Fairness Program is being made pursuant to a prospectus complement dated February 2, 2021 (the “Prospectus Complement“) to the Firm’s brief kind base shelf prospectus dated January 27, 2021 (the “Base Shelf Prospectus“), filed with the securities regulatory authorities in every of the provinces and territories of Canada.
The Prospectus Complement (in addition to the associated Base Shelf Prospectus) is accessible on the Firm’s profile on the SEDAR web site maintained by the Canadian Securities Directors at www.sedar.com.
This information launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase securities in the US or in any jurisdiction the place the provide, sale or solicitation could be illegal. The Frequent Shares referred to on this information launch might not be supplied or bought in the US absent registration or an relevant exemption from registration.
About HIVE Blockchain Applied sciences Ltd.
HIVE Blockchain Applied sciences Ltd. is a progress oriented, TSX.V-listed firm constructing a bridge from the blockchain sector to conventional capital markets. HIVE owns state-of-the-art inexperienced energy-powered information centre amenities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum constantly on the cloud. Our deployments present shareholders with publicity to the working margins of digital forex mining in addition to a portfolio of crypto-coins.
For extra data and to register to HIVE’s mailing record, please go to www.HIVEblockchain.com. Comply with @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.
On Behalf of HIVE Blockchain Applied sciences Ltd.
“Frank Holmes”
Interim Govt Chairman
For additional data please contact:
Frank Holmes
Tel: (604) 664-1078
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this information launch.
Ahead-Trying Data
This press launch incorporates “forward-looking data” and “forward-looking statements” (collectively, “forward-looking data”) throughout the which means of relevant securities legal guidelines. In some instances, forward-looking data may be recognized by means of forward-looking terminology akin to “plans”, “targets”, “expects”, “is anticipated”, “a possibility exists”, “price range”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “technique”, “intends”, “anticipates”, “believes”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly” or, “will”, “happen” or “be achieved”, and comparable phrases or the detrimental of those phrases and comparable terminology. As well as, any statements that confer with expectations, intentions, projections or different characterizations of future occasions or circumstances comprise forward-looking data. Statements containing forward-looking data will not be historic details however as a substitute symbolize administration’s expectations, estimates and projections concerning future occasions or circumstances.
This forward-looking data is predicated on the Firm’s opinions, estimates and assumptions that, whereas thought of by the Firm to be acceptable and cheap as of the date of this press launch, are topic to recognized and unknown dangers, uncertainties, assumptions and different components which will trigger the precise outcomes, stage of exercise, efficiency or achievements to be materially completely different from these expressed or implied by such forward-looking data, together with however not restricted to, dangers associated to the providing or sale of securities pursuant to the Prospectus Complement, the completion of the transactions contemplated on this information launch within the method anticipated and people components mentioned in larger element underneath the “Threat Elements” part within the Firm’s preliminary base shelf prospectus and its annual data kind, each of which can be found underneath the Firm’s profile on SEDAR at www.sedar.com, and ought to be thought of fastidiously by potential traders.
The forward-looking statements and knowledge on this press launch embrace, however will not be restricted to, statements with respect to the potential issuance of securities of the Firm, the quantity of securities which may be issued and using proceeds underneath the Prospectus Complement filed in connection therewith.
This forward-looking data is predicated on cheap assumptions and estimates of administration of the Firm on the time it was made, and entails recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking data. Such components embrace, amongst others: the COVID 19 disaster; the transaction described on this information launch might not happen on the phrases as proposed and described herein or in any respect and, if such transaction is accomplished; the Firm’s cryptocurrency operation might not meet anticipated efficiency ranges for a number of causes; the proposed transaction might not have a constructive impression on HIVE’s revenues, or gross mining margin; the impression of recent electrical energy charges which might impair profitability and working efficiency; growth might not materialize as at present anticipated, or in any respect; working dangers attributable to social unrest; the digital forex market; the power to efficiently mine digital forex; income might not improve as at present anticipated, or in any respect; it might not be potential to profitably liquidate the present digital forex stock, or in any respect; a decline in digital forex costs might have a major detrimental impression on operations; the volatility of digital forex costs; the Firm might by no means understand extra environment friendly operations, a decrease value construction, or larger flexibility in operation; dangers referring to the worldwide financial local weather; dilution; and different associated dangers as extra absolutely set out within the Base Shelf Prospectus and Prospectus Complement, and different paperwork disclosed underneath the Firm’s filings at www.sedar.com. The Firm has additionally assumed that no vital occasions happen outdoors of the Firm’s regular course of enterprise. Though the Firm has tried to establish essential components that might trigger precise outcomes to vary materially, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There may be no assurance that such statements will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data. The Firm undertakes no obligation to revise or replace any ahead -looking data aside from as required by legislation.
SOURCE: Hive Blockchain Applied sciences Ltd
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