ZUG, Switzerland and VANCOUVER, Dec. 19, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (OTCQX: HVBTF) (the "Company" or "HIVE") is pleased to announce that all resolutions considered at its 2019 annual meeting of shareholders on December 18, 2019 were approved overwhelmingly by its shareholders. The resolutions approved by the shareholders present in person or represented by proxy at the meeting were:

• All director nominees were duly elected or re-elected to HIVE's board of directors with each garnering more than 90% of votes cast. HIVE's Board of Directors consists of Tobias Ebel, Frank Holmes, Marcus New, Olivier Roussy Newton, and Dave Perrill. Each director will serve until HIVE's next annual meeting of shareholders or until their respective successors are elected or appointed or they otherwise cease to hold office.
  
  
• Davidson & Company LLP was re-appointed as independent, external auditor of HIVE for the ensuing year or until its successor is appointed, and the Board was authorized to fix its remuneration.
  
  
• The Company's Stock Option Plan and Restricted Share Unit Plan were re-approved.

"The Board is excited about the future prospects for HIVE going into 2020," said Frank Holmes, Interim Executive Chairman of HIVE. "We are eager to oversee the continued improvements and upgrading of our facilities now that we have assumed full control of our operations, working in partnership with our service provider Blockbase."

"We have aligned values and interests with HIVE management," said  Vlado Stanic, CEO of Blockbase Group DWC-LLC. "We are focused on being efficient to maximize profit margins. It is a great relationship with interests being aligned with full transparency."

The resolutions voted on at the meeting are described in more detail in HIVE's Management Information Circular, dated November 13, 2019, which was mailed to shareholders and is available on SEDAR at www.sedar.com. 

About HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art GPU-based digital currency mining facilities in Iceland and Sweden,which produce newly minted digital currencies like Ethereum continuously as well as cloud-based ASIC-based capacity which produces newly minted digital currencies like Bitcoin. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a growing portfolio of crypto-coins.

For more information and to register to HIVE's mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel.

On Behalf of HIVE Blockchain Technologies Ltd.

"Frank Holmes"
Interim Executive Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

SOURCE HIVE Blockchain Technologies Ltd.

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