HIVE Announces RSUs and Option Grants

Oliver2022-08-27

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by GlobeNewswire

GlobeNewswire

VANCOUVER, British Columbia, Aug. 26, 2022 (GLOBE NEWSWIRE) — HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the « Company » or « HIVE ») announced that the Board of Directors has approved the grant of 415,200 stock options. incentive shares (“stock options”) exercisable into an equivalent amount of common shares of the Company at a price of C$5.66 per share for a period of five years. The awards were made to Company employees, officers and consultants and are subject to certain vesting conditions. The Company’s Board of Directors also approved the granting of a total of 1,425,280 Restricted Share Units (“RSUs”) to employees, officers and consultants of the Company which vest over 24 months. Each vested RSU entitles its holder to receive one ordinary share of the Company. These grants have been awarded to appropriately recognize the past and ongoing contributions of recipient employees, officers and consultants and to encourage them to continue to contribute meaningfully to the success of HIVE in the future.

Prior to the grants, the Company had approximately 82.2 million common shares issued and outstanding, approximately 2.8 million stock options and 54,600 RSUs.

All grants of stock options and RSUs are subject to the company’s stock option plan and restricted share unit plan, which have been re-approved by shareholders at HIVE’s 2021 Annual Meeting of Shareholders on December 21, 2021.

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 technology stock focused on growth in the emerging blockchain industry. As a company whose shares are traded on a major exchange, we are building a bridge between the digital currency and blockchain industry and traditional capital markets. HIVE has state-of-the-art data center facilities powered by green energy in Canada, Sweden and Iceland, where we source only green energy to mine on cloud and HODL both Ethereum and Bitcoin. Since the start of 2021, HIVE has kept the majority of its ETH and BTC coin mining rewards in secure storage. Our stocks offer investors exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Since HIVE also owns durable assets such as data centers and advanced multi-purpose servers, we believe our stocks offer investors an attractive way to gain exposure to the cryptocurrency space.

We encourage you to visit the HIVE YouTube channel here to learn more about HIVE.

For more information and to subscribe to the HIVE mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE YouTube Channel.

On behalf of HIVE Blockchain Technologies Ltd.
« Frank Holmes »
Executive Chairman

For more 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-looking information

Except for statements of historical fact, this press release contains « forward-looking information » within the meaning of applicable Canadian securities laws that is based on expectations, estimates and projections as of the date of this press release. . The “forward-looking information” in this press release includes information about the continued adoption of Ethereum and Bitcoin globally; the Company’s long-term growth potential; the Company’s business goals and objectives, and other forward-looking information includes, but is not limited to, information regarding the intentions, plans and future actions of the parties to the transactions described herein and the terms thereof. this.

Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: 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 could have a material adverse impact on the Company’s operations; digital currency price volatility; and other related risks as more fully described in the Company’s Annual Information Form dated July 19, 2022 and in other documents disclosed in the Company’s filings on www.sedar.com.

The forward-looking information contained in this press release reflects the Company’s current expectations, assumptions and/or beliefs based on information currently available to the Company. As part of the forward-looking information contained in this press release, the Company has made assumptions about the Company’s ability to achieve operational efficiencies to become profitable; the profitable use of the Company’s assets in the future; the Company’s ability to profitably liquidate its digital currency inventory as needed; historical prices of digital currencies and the Company’s ability to mine digital currencies will be consistent with historical prices; and there will be no regulations or laws that prevent the Company from carrying on business. The Company has also assumed that no material events occur outside of the normal course of business for the Company. Although the Company believes that the assumptions inherent in forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and, accordingly, undue reliance should not be placed on such information due to the inherent uncertainty of such information. -this.
The Company assumes no obligation to revise or update any forward-looking information other than as required by law.

HIVE Blockchain Technologies L