2 years ago
Crypto mining steadfast HIVE Blockchain plans to hold filing its fiscal connection till Feb. 28 owed to unforeseen taxation notices issued to 1 of its European subsidiaries.
HIVE Blockchain was owed to taxable its 2022 interim fiscal statements connected Feb. 14, 2023. However, it announced connected Feb. 15 that 1 of its subsidiaries received a taxation announcement that needs to beryllium addressed earlier the fiscal connection is filed.
HIVE explained that maintaining concern operations crossed Canada, Sweden, and Iceland comes with reporting complications. Each state has unsocial filing requirements which necessitate the steadfast to consult section accounting firms.
As a result, HIVE said it has moved to hold the interim fiscal filing arsenic required by Canadian securities laws to alteration the institution to person much clip to measure the imaginable interaction of the taxation notice.
In the meantime, the mining steadfast said it has applied to British Columbia Securities Commission for a cease commercialized bid that volition restrict HIVE executives, including CEO Frank Holmes from trading the shares until the interim filings are duly submitted.
HIVE added that it expects to record the interim fiscal connection connected oregon earlier Feb. 28, 2023.
HIVE mining show successful 2022
By the extremity of Dec. 2022, HIVE reported that its mining operations mined astir 3,146 BTC worthy astir $54.2 million. The fig accrued by 18% year-over-year erstwhile compared to immoderate 4,032 BTC it mined successful 2021.
The mining steadfast besides installed astir 2,050 mining rigs successful Dec. 2022, including 1,423 BuzzMiner BTC miners.
The station HIVE Blockchain delays fiscal filings till Feb. 28 appeared archetypal connected CryptoSlate.
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