Bitcoin (BTC) mining company Hive Blockchain (HIVE) said it will delay submission of its interim financial statements for three and nine months ending December. 31, 2022___________________________________________________________________________
Hive appealed to the British Columbia Securities Commission for a cease and desist order (MTCI), which prevents its CEO and Chief Financial Officer from trading shares until the deposit is complete.
The late filing is the result of an unforeseen tax notice in relation to one of Hive's European subsidiaries, the firm said on Wednesday.
Documents were supposed to be tabled in February. 14 to comply with the requirements of Canadian securities law. Hive said that she will be tabling her report by February 28, and that she expects to table her report by February. 21.
British Columbia Securities Commission says companies filing interim statements late receive a penalty of 200 Canadian dollars ($149) and are subject to potential cease trade order without further notice.
HIVE shares on the Toronto Stock Exchange Venture exchange (TSXV) are up 8.9% at 4.40 Canadian dollars at the time of writing.