• Hive Blockchain, a Bitcoin (BTC) mining company has delayed its interim financial statements for the three- and nine-month periods ending Dec. 31, 2022.
• It applied to the British Columbia Securities Commission for a management cease trade order that restricts its CEO and chief financial officer from trading shares until the filing is completed.
• Hive said it will now file by Feb. 28 and expects to do so by Feb. 21.
Hive Blockchain Delays Financial Filings
Hive Blockchain, a Bitcoin (BTC) mining company, has applied for a management cease trade order with the British Columbia Securities Commission which restricts its CEO and chief financial officer from trading shares until it completes its latest financial filings. The filings were due by February 14th but Hive has delayed them until February 28th due to an unforeseen tax notice in relation to one of its European subsidiaries.
British Columbia Securities Commission Penalties
The British Columbia Securities Commission states that companies filing interim statements late receive a penalty of 200 Canadian dollars ($149) and are subject to potential cease trade orders without further notice.
Impact on Share Prices
HIVE shares on the Toronto Stock Exchange Venture exchange (TSXV) have increased 8.9% at 4.40 Canadian dollars at the time of writing following this news announcement.
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About Jamie Crawley
Jamie Crawley is a CoinDesk news reporter based in London who wrote this article about Hive’s delayed filing announcement .