{"id":299330,"date":"2023-02-15T15:50:14","date_gmt":"2023-02-15T15:50:14","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=299330"},"modified":"2023-02-15T15:50:14","modified_gmt":"2023-02-15T15:50:14","slug":"hive-blockchain-delays-financial-filings-till-feb-28","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/hive-blockchain-delays-financial-filings-till-feb-28\/","title":{"rendered":"HIVE Blockchain delays financial filings till Feb. 28"},"content":{"rendered":"<p>Crypto mining firm HIVE Blockchain plans to delay filing its financial statement till Feb. 28 due to unforeseen tax notices issued to one of its European subsidiaries.<\/p>\n<p><a href=\"https:\/\/www.hiveblockchain.com\/\">HIVE Blockchain<\/a> was due to submit its 2022 interim financial statements on Feb. 14, 2023. However, it <a href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/02\/15\/2608296\/0\/en\/HIVE-Blockchain-Announces-Late-Filing-of-Interim-Financial-Statements.html\">announced<\/a> on Feb. 15 that one of its subsidiaries received a tax notice that needs to be addressed before the financial statement is filed.<\/p>\n<p>HIVE explained that maintaining business operations across Canada, Sweden, and Iceland comes with reporting complications. Each country has unique filing requirements which require the firm to consult local accounting firms.<\/p>\n<p>As a result, HIVE said it has moved to delay the interim financial filing as required by Canadian securities laws to enable the company to have more time to assess the potential impact of the tax notice.<\/p>\n<p>In the meantime, the mining firm said it has applied to British Columbia Securities Commission for a cease trade order that will restrict HIVE executives, including CEO Frank Holmes from trading the shares until the interim filings are duly submitted.<\/p>\n<p>HIVE added that it expects to file the interim financial statement on or before Feb. 28, 2023.<\/p>\n<h2>HIVE mining performance in 2022<\/h2>\n<p>By the end of Dec. 2022, HIVE <a href=\"https:\/\/cryptoslate.com\/hive-produced-213-8-btc-in-december-2022\/\">reported<\/a> that its mining operations mined about 3,146 BTC worth approximately $54.2 million. The number increased by 18% year-over-year when compared to some 4,032 BTC it mined in 2021.<\/p>\n<p>The mining firm also installed about 2,050 mining rigs in Dec. 2022, including 1,423 BuzzMiner <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">BTC<\/a> miners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto mining firm HIVE Blockchain plans to delay filing its financial statement till Feb. 28 due to unforeseen tax notices issued to one of its European subsidiaries. HIVE Blockchain was due to submit its 2022 interim financial statements on Feb. 14, 2023. However, it announced on Feb. 15 that one of its subsidiaries received a [&hellip;]<\/p>\n","protected":false},"author":1378,"featured_media":299444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2376],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HIVE Blockchain delays financial filings till Feb. 28<\/title>\n<meta name=\"description\" content=\"HIVE said it has moved to delay the interim filing to enable the firm buy time to access the impact of a tax notice issued to its European subsidiary.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/hive-blockchain-delays-financial-filings-till-feb-28\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HIVE Blockchain delays financial filings till Feb. 28\" \/>\n<meta property=\"og:description\" content=\"HIVE said it has moved to delay the interim filing to enable the firm buy time to access the impact of a tax notice issued to its European subsidiary.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/hive-blockchain-delays-financial-filings-till-feb-28\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-15T15:50:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/hive-blockchain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Nwobodo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Nwobodo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/hive-blockchain-delays-financial-filings-till-feb-28\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/hive-blockchain-delays-financial-filings-till-feb-28\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#person\",\"name\":\"Christian Nwobodo\",\"url\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"caption\":\"Christian Nwobodo\"},\"jobTitle\":\"Journalist\",\"description\":\"Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. 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