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GRHK.CN ·

Cryptologic Agrees to Sell 30 Megawatt Bitcoin Mining Facility

Mergers & Acquisitions

CRYPTOLOGIC AGREES TO SELL 30 MEGAWATT BITCOIN MINING FACILITY

TORONTO, Ontario, March 30, 2020 – Cryptologic Corp. (“ Cryptologic” or the “ Company”)

(CSE:CRY) announced today it has signed a definitive agreement (the “ Agreement”) 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,

to HIVE Blockchain Technologies Ltd. (“Hive”). 9376’s material assets include 30 MW of electrical

and HVAC infrastructure and approximately 14,000 Bitmain S9 miners.

Pursuant to the Agreement, Hive will issue 15,000,000 common shares (“ Hive Shares”) to the

Company at a deemed price of C$0.20 per Hive Share and pay the Comp any C$1,000,000 in

cash, subject to a working capital adjustment. The transaction has been approved by the board

of directors and the shareholders of Cryptologic and the board of directors of Hive, and remains

subject to customary closing conditions, including receipt of regulatory approvals. The transaction

is expected to close on the date that is the later of: (a) Friday April 3, 2020; and (b) the date that

is two business days after the date that the TSX Venture Exchange provides conditional approval

of the transaction.

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.

Cautionary Note Regarding Forward-Looking Information

Certain statements in this press release, including statements with respect to the expected closing

date of the transaction, the amount of the consideration under the Agreement, obtaining the

necessary approvals for closing of the transaction and the business prospects of Hive contain

forward-looking information which can be identified by the use of forward looking terminology such

as "believes", "expects", "may", "desires", "will", "should", "projects", "estimates", "contemplates",

"anticipates", "intends", or any negative such as "does not believe" or other variations thereof or

comparable terminology. No assurance can be given that potential future results or circumstances

described in the forward-looking statements will be achieved or will occur. By their nature, these

forward-looking statements necessarily involve risks and uncertainties, including the risk that the

Company or Hive does not proceed with the transaction described herein, on the timing described

herein or at all, the risk that the consideration under the Agreement is reduced at or prior to closing

of the transaction, the risk that the Com pany or Hive is unable to obtain any of the approvals

necessary to complete the transaction and other risks and uncertainties discussed herein, that

could cause actual results to significantly differ from those contemplated by these forward-looking

statements. Such statements reflect the view of the Company with respect to future events, and

are based on information currently available to the Company and on assumptions, which it

considers reasonable. Management cautions readers that the assumptions relative to the future

events, several of which are beyond management's control, could prove to be incorrect, given

that they are subject to certain risk and uncertainties, and that actual results may differ materially

from those projected. Management disclaims an y intention or obligation to update or revise any

forward-looking statements whether as a result of new information, future events or otherwise,

except as required by applicable securities laws. The reader is cautioned not to place undue

reliance on forwar d-looking information. The Canadian Securities Exchange has not reviewed,

approved or disapproved the content of this news release.