ZUG, Switzerland and
VANCOUVER, April 11, 2019 /CNW/ - HIVE Blockchain
Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or
"HIVE") announces that it has changed its auditors from Grant
Thornton LLP ("Former Auditor") to Davidson & Company LLP
("Successor Auditor"). The Former Auditor resigned as the auditor
of the Company effective April 5,
2019 and the board of directors of the Company appointed the
Successor Auditor as the Company's auditor effective April 10, 2019, until the next Annual General
Meeting of the Company.
"We would like to thank Grant Thornton LLP for their guidance
and expertise and we are pleased to announce that Davidson &
Company LLP, which has specific expertise in blockchain and
cryptocurrency, will be an important part of the next phase of
HIVE's growth," said Frank Holmes,
Interim Executive Chairman and Interim CEO.
There were no reservations in the Former Auditor's audit reports
for the relevant period, being the financial year ended
March 31, 2018 and any period
subsequent to the most recently completed financial year for which
an audit report was issued and preceding the resignation of the
Former Auditor. In accordance with National Instrument 51-102 –
Continuous Disclosure Obligations ("NI 51-102"), the Company has
filed a Change of Auditor Notice (the "Notice") on SEDAR together
with letters from both the Former Auditor and Successor Auditor,
with each lettering confirming agreement with the statements
contained in the Notice, as applicable. There were no
reportable events as defined in NI 51-102 between the Former
Auditor and the Company.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. is a growth oriented,
TSX.V-listed company building a bridge from the blockchain sector
to traditional capital markets. HIVE is strategically partnered
with Genesis Mining Ltd. to build the next generation of blockchain
infrastructure. HIVE owns state-of-the-art GPU-based digital
currency mining facilities in Iceland and Sweden.
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"
Interim Executive Chairman
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 information about the appointment of the Successor
Auditor; the Company's long term growth of the Company; the
business goals and objectives of the Company, and other
forward-looking information includes but is not limited to
information concerning the intentions, plans and future actions of
the parties to the transactions described herein and the terms
thereon.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, the resignation of the Successor Auditor;
the ongoing partnership with Genesis; the digital currency market;
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; and other related risks
as more fully set out in the Filing Statement of the Company dated
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 Company's
ongoing partnership with genesis; 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.