Cryptologic Closes Transaction to Sell 30 Megawatt Bitcoin Mining Facility

CRYPTOLOGIC CLOSES TRANSACTION TO SELL 30 MEGAWATT BITCOIN

MINING FACILITY

TORONTO, Ontario, April 8, 2020 – Cryptologic Corp. (“ Cryptologic” or the “ Company”)

(CSE:CRY) announced today that the previously announced transaction (the “Transaction”) to

sell all the shares of its wholly -owned subsidiary 9376-9974 Quebec Inc. (“9376”), which holds

the rights to a 30 megawatt (“MW”) dedicated cryptocurrency mining operation located in Lachute,

Quebec (the “Facility”), to HIVE Blockchain Technologies Ltd. (“Hive”) has closed.

As consideration for the shares of 9376, Hive issued 15,000,000 common shares (“Hive Shares”)

to the Company at a deemed price of C$0.20 per Hive Share, which are subject to a four -month

lock-up agreement, and paid the Company C$1,956,230.60 in cash, being the cash portion of the

purchase price as adjusted by estimated closing working capital and a holdback amount. In

addition, Hive has agreed to invest C$3.0 million in the Facility.

For information or interview please contact:

Jordan Greenberg Chief Financial Officer (647) 715-3707

About Cryptologic Corp.

Cryptologic Corp. is currently a cryptocurrency mining company that is focused on divesting its

crypto mining assets and exploring acquisition opportunities in sectors outside of cryptocurrency

mining.

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. Hive’s deployments provide shareholders with exposure

to the operating margins of digital currency mining as well as a growing portfolio of crypto-coins.