HIVE Blockchain Announces Supplemental Listing of Warrants

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBF) (the "Company" or "HIVE") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted for listing common share purchase warrants of the Company (the "Warrants") composing the units ("Units") underlying the 19,170,500 special warrants issued by the Company ("Special Warrants") pursuant to the terms of the bought-deal private placement announced on November 9, 2021 (the "Offering"). For more information about the Offering, please see the Company's news release announcing the Offering dated November 9, 2021, and the news release announcing the closing of the Offering dated November 30, 2021, which are available under the Company's SEDAR profile at www.sedar.com. The TSXV has advised that the Warrants will be listed for trading on the TSXV under the symbol "HIVE.WT" effective at market open on January 14, 2021.

Each Special Warrant entitles the holder thereof to receive, subject to adjustment in certain circumstances, without payment of additional consideration, one (1) Unit upon the exercise or deemed exercise of each Special Warrant. Each Special Warrant was deemed to be exercised as of January 11, 2022. Each Unit consists of one (1) common share of the Company and one-half (0.5) of one Warrant. Each Warrant entitles the holder thereof to purchase one common share of the Company (a "Warrant Share") at a price of $6.00 per Warrant Share until May 30, 2024.

The Warrants and the Special Warrants are governed by a warrant indenture between the Company and TSX Trust Company dated November 30, 2021, a copy of which is available under the Company's SEDAR profile at www.sedar.com.

The securities described herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.