HIVE Blockchain Technologies announces 1-for-5 share consolidation

HIVE Blockchain Technologies (NASDAQ: HIVE) has announced a stock consolidation on the NYSE. The blockchain company will consolidate its shares 1-for-5. This share consolidation exercise is aimed at better fund allocation. The exercise will lower number of shares from 411.21M to 82.24M. Effective May 24, 2022, the company’s shares will trade on TSXV and NASDAQ under the same symbol.