Exhibit 99.1

HASHCHAIN TECHNOLOGY INC.

Interim Consolidated Financial Statements

For the three months ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

NOTICE OF NO AUDITOR REVIEW OF CONSOLIDATED INTERIM FINANCIAL STATEMENTS

The accompanying unaudited consolidated interim financial statements of HashChain Technology Inc. for the three months ended November 30, 2019, have been prepared by the management of the Company and approved by the Company’s Audit Committee and the Company’s Board of Directors.

Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indication that an auditor has not reviewed the financial statements.

The accompanying unaudited consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company’s management.

The Company’s independent auditor has not performed a review of these financial statements in accordance with standards established by the Canadian Institute of Chartered Professional Accountants for a review of the interim financial statements by an auditor.

Nature of operations and continuance of business (Note 1)

Commitments (Note 13)

Subsequent Event (Note 16)

Approved and authorized for issuance on behalf of the Board of Directors on January 28, 2020:

(The accompanying notes are an integral part of these interim consolidated financial statements)

(The accompanying notes are an integral part of these consolidated financial statements)

(The accompanying notes are an integral part of these consolidated financial statements)

Supplementary cash flow information (Note 15)

(The accompanying notes are an integral part of these consolidated financial statements)

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

HashChain Technology Inc. (the “Company”) was incorporated in British Columbia, Canada, on February 18, 2017 as Chortle Capital Corp. and on September 11, 2017, the Company changed its name to HashChain Technology Inc. The Company is a blockchain technology company with operations in cryptocurrency mining. The Company is listed on the TSX Venture Exchange under the symbol “KASH”. The Company’s head office is located at 40 Beaver Street, Albany, NY 12205.

These unaudited interim consolidated financial statements have been prepared on the basis that the Company will continue as a going concern, which assumes that the Company will be able to realize its assets and satisfy its liabilities in the normal course of business for the foreseeable future. In making its going concern assessment management is aware of material uncertainties related to events and conditions that may cause significant doubt upon the Company’s ability to continue as a going concern.

The Company’s ability to continue as a going concern is dependent on future profitable operations, management’s ability to manage costs, and the future availability of equity or debt financing. These matters raise significant doubt about the Company’s ability to continue as a going concern. These unaudited interim consolidated financial statements do not include any adjustments to the amounts and classification of assets and liabilities that would be necessary should the going concern assumption no longer be appropriate. These adjustments could be material.

These unaudited interim consolidated financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and Interpretations issued by the International Financial Reporting Standards Interpretations Committee (“IFRIC”).

The Company is in the business of digital currencies, many aspects of which are not specifically addressed by current IFRS guidance. The Company is required to make judgments as to the application of IFRS and the selection of its accounting policies. The Company has disclosed its presentation, recognition and derecognition, and measurement of digital currencies, and the recognition of revenue as well as significant assumptions and judgments, however, if specific guidance is enacted by the IASB in the future, the impact may result in changes to the Company’s earnings and financial position as presented.

These unaudited interim consolidated financial statements were approved and authorized for issuance by the Board of Directors on January 28, 2019.

These unaudited interim consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiaries which are controlled by the Company. Control is achieved when the parent company is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if, and only if, the Group has all of the following: (i) power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee); (ii) exposure, or rights, to variable returns from its involvement with the investee; and (iii) the ability to use its power over the investee to affect its returns.

The accounts of subsidiaries are included in the unaudited interim consolidated financial statements from the date that control commences until the date that control ceases. All significant inter-company transactions, balances, income and expenses are eliminated on consolidation.

As of November 30, 2019, the Company had one wholly owned subsidiary: HashChain Mining LLC. In October 2019, Global Crypto Public Accounting Ltd. was voluntarily dissolved by the Company.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

These unaudited interim consolidated financial statements have been prepared on a historical cost basis except for financial assets classified as fair value through profit or loss which are stated at their fair value. In addition, these unaudited interim consolidated financial statements have been prepared using the accrual basis of accounting, except for the cash flow information.

Items included in the unaudited interim consolidated financial statements of the Company and its wholly owned subsidiaries are measured using the currency of the primary economic environment in which the entity operates. The functional currency of the Company and its wholly owned Canadian subsidiary is the Canadian dollar and the functional currency for its wholly owned US subsidiary is the US dollar.

Foreign currency transactions are recorded at the exchange rate as at the date of the transaction. At each statement of financial position date, monetary assets and liabilities are translated using the period end foreign exchange rate. Non-monetary assets and liabilities in foreign currencies other than the functional currency are translated using the historical rate. All gains and losses on translation of these foreign currency transactions are included in profit and loss.

The results and financial position of a subsidiary that has a functional currency different from the presentation currency are translated into the presentation currency as follows:

On consolidation, exchange differences arising from the translation of the net investment in a foreign operation are taken to accumulated other comprehensive loss. When a foreign operation is sold, such exchange differences are recognized in profit or loss as part of the gain or loss on sale.

The Company adopted the following new accounting standards effective September 1, 2018

IFRS 15 – “Revenue from Contracts with Customers”: This standard specifies how and when revenue should be recognized based on a five-step model, which is applied to all contracts with customers.

The Company determined that no contract exists with the digital currency network participant community as a whole in accordance with IFRS 15. This is because under such an implied contract, there are no enforceable rights and obligations which may be enforced against any individually identifiable parties. Therefore, the requirements of IFRS 15.9(b) are not met and the income from mining of digital currencies does not meet the definition of revenue. Newly minted digital currencies do however continue to represent an inflow to the Company due to the economic benefit in the form of an increase in assets and therefore should be recognized as income from digital currency mining on completion of the transaction verification services. The adoption of IFRS 15 resulted in presentation changes which were applied retrospectively, specifically that revenue is now referred to as income from digital currency mining. There was no other impact from the adoption of IFRS 15 on the Company’s unaudited interim consolidated financial statements.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

IFRS 9 Financial Instruments - IFRS 9 addresses classification and measurement of financial assets and replaces the multiple category and measurement models in IAS 39 for debt instruments with a new mixed measurement model having only two categories: amortized cost and fair value through profit or loss. IFRS 9 also replaces the models for measuring equity instruments and such instruments are either recognized at fair value through profit or loss or at fair value through other comprehensive income. The effective date of this standard was September 1, 2018. The Company has adopted this new standard as of its effective date on a retrospective basis with the exception of financial assets that were derecognized at the date of initial application, September 1, 2018. The 2018 comparatives were not restated.

The following table summarizes the classification of the Company’s financial instruments under IAS 39 and the new measurement under IFRS 9:

The following new standards, amendments to standards and interpretations have been issued but are not yet effective for the quarter ended November 30, 2019 and accordingly, have not been applied in preparing these unaudited interim consolidated financial statements:

IFRS 16: Leases. The new standard will replace IAS 17 Leases and is effective for annual periods beginning on or after January 1, 2019. IFRS 16 removes the classification of leases as either operating leases or finance leases for a lessee. Instead, all leases are treated in a comparable way to finance leases applying IAS 17. IFRS 16 does not require a lessee to recognize assets and liabilities for short-term leases (i.e. leases of 12 months or less) and leases of low-value assets. The Company is assessing the effect of this standard on the Company’s subsequent interim consolidated financial statements.

The Company estimates to recognize approximately $635,000 as a right-of-use asset and a corresponding lease liability in connection with its lease of its office.

Other accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or are not expected to have a significant impact on the Company’s financial statements.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

The preparation of unaudited interim consolidated financial statements in accordance with IFRS requires management to make judgments, estimates, and assumptions that affect the application of policies and reported amounts of assets, liabilities, income, and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

Significant judgments:

The Company’s determination to classify its holding of digital currencies as current assets is based on management’s assessment that its digital currencies held can be considered to be commodities, the availability of liquid markets to which the Company may sell a portion of its holdings and that the Company is actively selling its digital currencies in the near future to generate a profit from price fluctuations.

The Company recognizes income from the provision of transaction verification services within digital currency networks, commonly described as “cryptocurrency mining”. As consideration for these services, the Company receives digital currency from each specific network in which it participates (“coins”). Income from digital currency mining is measured based on the fair value of the coins received. The fair value is determined using the 24-hour trailing weighted average rate at the time of the transaction per CoinMarketCap, an online coin price aggregator. The coins are recorded on the consolidated statement of financial position, as digital currencies, at their fair value less costs to sell and re-measured at each reporting date.

Revaluation gains and losses, as well as gains or losses on the sale of coins for traditional (fiat) currencies are included in profit or loss in accordance with the Company’s treatment of its digital currencies as a traded commodity.

There is currently no specific definitive guidance in IFRS or alternative accounting frameworks for the accounting for the mining of digital currencies and management has exercised significant judgment in determining appropriate accounting treatment for the recognition of revenue for mining of digital currencies. Management has examined various factors surrounding the substance of the Company’s operations, including the stage of completion being the completion and addition of a block to the blockchain and the reliability of the measurement of the digital currency received.

The assumption that the Company will be able to continue as a going concern is subject to significant judgments by management including the Company’s short and long-term operating budget, expected profitability, investing and financing activities, and management’s strategic planning.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

Significant estimates:

In a business combination all identifiable assets acquired and liabilities assumed are recorded at their fair values. In determining the allocation of the purchase price in a business combination requires management to make certain judgments and estimates about future events, including but not limited to future revenue, future digital currency prices and future operating costs.

The Company evaluates each asset or cash generating unit every reporting period to determine whether there are any indications of impairment. If any such indication exists, which is often judgmental, a formal estimate of recoverable amount is performed and an impairment loss is recognized to the extent that the carrying amount exceeds the recoverable amount. The recoverable amount of an asset or cash generating group of assets is measured at the higher of fair value less costs to sell and value in use. The evaluation of asset carrying values for indications of impairment includes consideration of both external and internal sources of information, including such factors as the relationship between mining rewards and the required computing power, digital currency prices, the periodic contribution margin of digital currency mining activities, changes in underlying costs, such as electricity, and technological changes.

When required, the determination of fair value and value in use requires management to make estimates and assumptions about digital currency prices, required computing power, technological changes and operating costs, such as electricity. The estimates and assumptions are subject to risk and uncertainty; hence, there is the possibility that changes in circumstances will alter these projections, which may impact the recoverable amount of the assets. In such circumstances some or all of the carrying value of the assets may be further impaired or the impairment charge reduced with the impact recorded in the statement of comprehensive income.

Depreciation of computing equipment is an estimate of its expected life. In order to determine the useful life of computing equipment, assumptions are required about a range of computing industry market and economic factors, including required hashrates, technological changes, availability of hardware and other inputs, and production costs.

Digital currencies consist of cryptocurrency denominated assets (Note 7) such as Bitcoin and Dash and are included in current assets. Digital currencies are carried at fair value, which is determined using the 24-hour trailing weighted average rate at the time of the transaction per CoinMarketCap, an online coin price aggregator. The digital currency market is still a new market and is highly volatile; historical prices are not necessarily indicative of future value; a significant change in the market prices for digital currencies would have a significant impact on the Company’s earnings and financial position.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

On July 3, 2018, in order to focus on cryptocurrency mining the Company’s Board of Directors agreed to a plan to spin out the cryptocurrency accounting and tax compliance portion of the Company’s business, Global Crypto Public Accounting Ltd. (“Global”), into its own publicly traded company.

This plan was superseded by the Company disposing of its software and related assets (“NODE40 assets”) held in Global during the year ended August 31, 2019 as follows:

On September 20, 2018, the Company and the vendors of the NODE40 assets entered into an amendment to the asset purchase agreement to (i) extend the due date of the US$2,000,000 cash payment which was originally due 180 days following the closing date to February 15, 2019 and (ii) extend the due date of the 980,346 common shares which were originally due 180 days following the closing date to February 15, 2019 (Note 4). The vendors of the NODE40 assets agreed to cancel the 3,600,000 common shares of the Company which they were issued on the closing date of February 15, 2018 and the Company agreed to return the Masternode Rewards and all Dash cryptocurrency paid to the Company by customers for services associated with the NODE40 Masternode services and accounting software to the vendors. In addition, the vendors were to be issued 110 common shares of Global.

On November 14, 2018, the Company entered into an asset purchase agreement to sell its proprietary software and assets related to the NODE40 software platform. The terms of the asset purchase agreement were as follows:

In accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, the assets and liabilities associated with the disposal group were reclassified from their respective financial statement classifications to “assets held for sale” and “liabilities associated with assets held for sale” during the year ended August 31, 2018.

The fair value of the disposal group of $6,480,241 was compared to the carrying value of the disposal group at year-end of $14,235,272, resulting in an impairment of goodwill of $7,755,031.

At August 31, 2018, the assets and liabilities related to the disposal group were as follows:

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

On October 23, 2018, 3,600,000 shares were returned to treasury per the terms of the amendment signed on September 20, 2018 and recorded at $622,901 based on the estimated fair value of the assets that were returned to the vendors.

The asset purchase agreement closed on November 21, 2019. The gain on disposition was comprised of:

The operating results of the disposal group are presented as discontinued operations during the years ended August 31, 2019 and 2018 as follows:

Net loss from discontinued operation

In October 2019, Global was voluntarily dissolved by the Company.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

As at November 30, 2019, the Company’s digital currencies consisted of the cryptocurrencies below, with a total fair value of $42,523 (2018 – $0). Digital currencies are recorded at their fair value on the date they are received and are revalued to their current market value at each reporting date. The coins are recorded on the consolidated statement of financial position at their fair value using the 24- hour trailing weighted average at the time of the transaction, as digital currencies, and re-measured at each reporting date using the 24-hour trailing weighted average as at 11:55pm Eastern Standard Time.

The Company’s holdings of digital currencies consist of the following:

The continuity of digital currencies is as follows:

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

At the end of each reporting period, management assesses whether an asset might be impaired by reviewing external and internal sources of information. Management performs its assessment of possible impairment to its mining rigs in its one data center location.

For the year ended August 31, 2019, management recorded an obsolescence provision of $643,655.

For the period ended November 30, 2019, management determined that impairment indicators existed.

The balance as of November 30, 2019 consists of security deposits paid by the Company for office space rented.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

Loans Payable

On August 13, 2018, the Company received a loan of $1,315,100 which bore interest at 18% per annum and was secured by the Company’s cryptocurrency holdings. In October 2018, the Company repaid the principal of $1,315,100 and all accrued interest.

As part of the Acquisition of NODE40 assets, total loans payable of $5,175,601 (US$4,000,000) were outstanding as at August 31, 2018. The first loan payable of US$2,000,000 had an original maturity date of August 14, 2018 which was extended to February 15, 2019. The second loan payable of US$2,000,000 has a maturity date of February 15, 2019. These loans payable bear interest at a rate of 12% per annum if unpaid by the maturity dates.

These loans payable were settled as part of the disposition of the NODE 40 assets in November 2018 (Note 4). The loans had been discounted at a rate of 3.45%.

A continuity of the loans payable is as follows:

Convertible Loans Payable

As part of the Acquisition of NODE40 assets, total convertible loans payable of $1,552,680 (US$1,200,000) were outstanding as at August 31, 2018. The first convertible loan payable of US$600,000 had an original maturity date of August 14, 2018 which was extended to February 15, 2019. The second convertible loan payable of US$600,000 has a maturity date of February 15, 2019. The lender has the option to convert the first convertible loan of US$600,000 into a maximum of 420,148 common shares. The lender has the option to convert the second convertible loan of US$600,000 into a maximum of 386,332 common shares. The Company used the residual method and assessed that the residual amount to assign to the equity portion of these convertible loans was nominal and has therefore assigned $nil value to the equity portion.

These convertible loans payable were settled as part of the disposition of the NODE 40 assets in November 2018 (Note 4). The loan had been discounted at a rate of 3.45%.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

Authorized: Unlimited common shares without par value Effective February 5, 2018, the Company forward split its issued and outstanding share capital on the basis of two (2) post-split share for each one (1) pre-split common share. All references to shares and per share amounts have been retroactively restated to give effect to the forward split.

As at November 30, 2019, the Company has a total of 2,884,500 (2018 – 4,807,500) common shares held in escrow subject to various escrow provisions.

The continuity of warrants is as follows:

During the period ended August 31, 2018, 29,823,400 warrants were issued pursuant to the Offering.

Full share equivalent warrants outstanding and exercisable at of November 30, 2019:

The Company has a stock option plan whereby the maximum number of shares subject to the plan, in the aggregate, shall not exceed 10% of the Company’s issued and outstanding shares. The exercise price shall be no less than the discount market price as determined in accordance with TSXV policies.

The continuity of stock options is as follows:

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

The options outstanding and exercisable at November 30, 2019 were as follows:

For the period ended November 30, 2019 the total share-based payment expenses was $0 (2018-$758,700).

The Company used the Black-Scholes option pricing model to estimate the fair value of the options at the grant date using the following assumptions:

Option-pricing models require the application of estimates and assumptions including the expected volatility. The Company uses expected volatility rates based upon historical data from comparable companies.

The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to pursue opportunities in developing and managing its mining operations to provide returns to shareholders. The Company’s capital structure consists of equity comprised of issued share capital and reserves.

The Company manages its capital structure by preparing estimates and budgets and makes adjustments to actual expenditures when necessary. The Company has the ability to raise new capital through equity and debt issuances and/or through operations.

The Company is not subject to externally imposed capital requirements, nor were there changes in the Company’s approach to capital management for the year ended November 30, 2019.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s statement of financial position as at November 30, 2019, as follows:

The fair value of other financial instruments, which includes amounts receivable and accounts payable, approximate their carrying value due to the relatively short-term maturity of these instruments.

Credit risk is the risk of loss that may arise on outstanding financial instruments should a counter- party default on its obligation. The Company minimizes its credit risk associated with its cash balance by dealing with major financial institutions in Canada. The carrying amount of financial assets represents the maximum credit exposure.

Currency risk relates to the risk that the fair values or future cash flows of the Company’s financial instruments will fluctuate because of changes in foreign exchange rates. Exchange rate fluctuations affect the income generated and costs that the Company incurs in its operations.

The Company mines Bitcoin which has a market value stated in US dollars. The fluctuation of US dollars relative to the Company’s presentation currency of Canadian dollars will impact the profitability of the Company and the value of the Company’s assets and liabilities and the amount of shareholders’ equity.

Liquidity risk is the risk that the Company will encounter difficulty in meeting financial obligations due to shortage of funds. The Company manages liquidity risk by maintaining sufficient cash balances and adjusting its operating budget and expenditure. Liquidity requirements are managed based on expected cash flows to ensure that there is sufficient capital in order to meet short-term and other specific obligations.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

As of November 30, 2019, the Company’s digital currencies consisted of Bitcoin with a fair value of $42,523. Digital currencies are measured using level one fair values, determined by taking the rate from market currency exchanges.

Digital currency prices are affected by various forces including global supply and demand, interest rates, exchange rates, inflation or deflation and the global political and economic conditions. The profitability of the Company is directly related to the current and future market price of coins; in addition, the Company may not be able liquidate its inventory of digital currency at its desired price if required. A decline in the market prices for coins could negatively impact the Company’s future operations. The Company has not hedged the conversion of any of its coin sales.

Digital currencies have a limited history and the fair value historically has been very volatile. Historical performances of digital currencies are not indicative of their future price performance. The Company’s digital currencies currently consist of Bitcoin, and an 85% variance in the price of Bitcoin could have a $36,145 impact on the Company’s earnings before tax.

Key Management Compensation

Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. The Company has determined that key management personnel consist of members of the Company’s Board of Directors and corporate officers.

For the period ended November 30, 2019, key management compensation includes wages of $0 (2018 - $280,547) and share-based compensation of $0 (2018 - $263,624) incurred to directors, corporate officers and management.

HASHCHAIN TECHNOLOGY INC.

Notes to the Interim Consolidated Financial Statements

For the years ended November 30, 2019 and 2018

(Expressed in Canadian Dollars)

(Unaudited)

On March 28, 2019, the Company announced that it has entered into a Definitive Agreement with the shareholders of Digihost International, Inc. (“Digihost”) whereby the business and assets of the Company and Digihost will be combined by way of a share exchange between the Company and shareholders of Digihost, constituting a “reverse-takeover” of the Company by Digihost under the policies of the TSX Venture Exchange (the “Proposed Transaction”). Digihost is a private company focused on providing cryptocurrency hosting services to cryptocurrency miners.

The Proposed Transaction is anticipated to be completed by way of share exchange. All existing stock options of HashChain will be cancelled and will not be exchanged for corresponding securities of the resulting issuer. Holders of existing common share purchase warrants shall receive common share purchase warrants in the capital of the resulting issuer on equivalent terms and conditions.

Assuming completion of the Proposed Transaction, 82% of the total resulting issuer shares will be issued to Digihost shareholders, and Digihost will become a wholly owned subsidiary of the Company. Upon completion of the Proposed Transaction, the issuer resulting from the Proposed Transaction will carry on the business previously carried on by Digihost. It is anticipated that upon completion of the Proposed Transaction, the resulting issuer will be listed as Tier 2 Technology Issuer under the policies of the TSX Venture Exchange.

It is anticipated that the Company will also consolidate its common shares outstanding on a basis of 40 pre-consolidation shares for 1 post consolidation shares. The Proposed Transaction is subject to TSX Venture Exchange and Shareholder approval.

On August 30, 2019, the Company entered into an extension agreement with the Digihost Shareholders extending the close date from August 31, 2019 to October 31, 2019 and on November 28, 2019, the Company entered into a second extension agreement extending the close date to February 29, 2020.

20

Exhibit 99.2

HASHCHAIN TECHNOLOGY INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS PERIOD ENDED NOVEMBER 30, 2019

(All amounts expressed in CAD dollars, unless otherwise stated)

BACKGROUND

The following management discussion and analysis (“MD&A”) of the results of operations and financial condition, prepared as of January 28, 2019, should be read in conjunction with the consolidated financial statements of HashChain Technology Inc. (the “Company” or “HTI”) for the period ended November 30, 2019, and accompanying notes thereto. The financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”) and all amounts are presented in Canadian dollars unless noted otherwise.

DESCRIPTION OF BUSINESS AND OVERALL PERFORMANCE

HashChain Technology Inc. is a blockchain technology company focused on cryptocurrency mining and was listed for trading on the TSX Venture Exchange on December 18, 2017 trading under the stock symbol “KASH.” The Company was incorporated in British Columbia, Canada, on February 18, 2017 as Chortle Capital Corp and subsequently changed its name to HashChain Technology Inc. on September 18, 2017. The Company’s head office is located at 40 Beaver Street, Albany, NY 12205. As of November 30, 2019, the Company had one wholly owned subsidiary: HashChain Mining LLC. In October 2019, Global Crypto Public Accounting Ltd. was voluntarily dissolved by the Company.

HashChain’s corporate strategy is to constantly evaluate the rapidly changing cryptocurrency market and adapt accordingly through strategic growth opportunities. The Company recognizes income from the provision of transaction verification services, known as ‘crypto-currency mining’, for which the Company receives digital currencies and records them at their fair value on the date received.

On July 3, 2018, in order to focus on cryptocurrency mining the Company’s Board of Directors agreed to a plan to spin out the cryptocurrency accounting and tax compliance portion of the Company’s business, Global Crypto Public Accounting Ltd. (“Global”), into its own publicly traded company.

This plan was superseded by the Company disposing of its software and related assets (“NODE40 assets”) held in Global during the year ended August 31, 2019 as follows:

On September 20, 2018, the Company and the vendors of the NODE40 assets entered into an amendment to the asset purchase agreement to (i) extend the due date of the US$2,000,000 cash payment which was originally due 180 days following the closing date to February 15, 2019 and (ii) extend the due date of the 980,346 common shares which were originally due 180 days following the closing date to February 15, 2019. The vendors of the NODE40 assets agreed to cancel the 3,600,000 common shares of the Company which they were issued on the closing date of February 15, 2018 and the Company agreed to return the Masternode Rewards and all Dash cryptocurrency paid to the Company by customers for services associated with the NODE40 Masternode services and accounting software to the vendors. In addition, the vendors were to be issued 110 common shares of Global.

On November 14, 2018, the Company entered into an asset purchase agreement to sell its proprietary software and assets related to the NODE40 software platform. The terms of the asset purchase agreement were as follows:

In accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, the assets and liabilities associated with the disposal group were reclassified from their respective financial statement classifications to “assets held for sale” and “liabilities associated with assets held for sale” during the year ended August 31, 2018.

The fair value of the disposal group of $6,480,241 was compared to the carrying value of the disposal group at year-end of $14,235,272, resulting in an impairment of goodwill of $7,755,031.

At August 31, 2018, the assets and liabilities related to the disposal group were as follows:

Liability associated with Assets Held for Sale

On October 23, 2018, 3,600,000 shares were returned to treasury per the terms of the amendment signed on September 20, 2018 and recorded at $622,901 based on the estimated fair value of the assets that were returned to the vendors.

The asset purchase agreement closed on November 21, 2019. The gain on disposition was comprised of:

The operating results of the disposal group are presented as discontinued operations during the years ended August 31, 2019 and 2018 as follows:

In October 2019, Global was voluntarily dissolved by the Company.

HIGHLIGHTS FOR THE PERIOD ENDED NOVEMBER 30, 2019

As of January 28, 2020, the Company was operating approximately 10,000 Bitcoin mining rigs in a data centre located in Buffalo, New York.

OUTLOOK

The Company continues to evaluate its options in order to execute on its strategy to grow as a market leader in the blockchain infrastructure industry and will increase operations by bringing its digital currency mining footprint to 17.5 megawatts of computing power during 2020.

As of the date of this report, the Company has deployed approximately 10,000 mining rigs in its Buffalo data center.

As noted in the subsequent events section of the MD&A, on March 28, 2019, the Company announced that it has entered into a Definitive Agreement with shareholders of Digihost International, Inc. whereby the business and assets of the Company and Digihost will be combined by way of a share exchange between the Company and shareholders of Digihost, constituting a “reverse-takeover” of the Company by Digihost under the policies of the TSX Venture Exchange.

Due to increasing costs of cryptocurrency mining and volatility in the valuation of mined-cryptocurrencies, the hosting expenses paid by HashChain to its colocation facility per coin mined are presently greater than the value of the coins mined. Completion of the Proposed Transaction will vertically integrate the hosting business to be acquired by Digihost with the mining operations of HashChain, such that the cost of mining is significantly reduced.

The Proposed Transaction and matters related thereon will be submitted to shareholders of the Company at an annual general and special meeting of its shareholders (the “Meeting”). The upcoming Meeting was held on January 14, 2020 at 10:00 a.m. at the offices of Peterson McVicar LLP, located at Suite 902, 18 King Street E., Toronto, Ontario. A copy of the management information circular which explains the terms of the Proposed Transaction is available under the Company’s profile on SEDAR at www.sedar.com. The Proposed Transaction was approved by shareholders at this Meeting.

Management of the Company anticipates that the completion of the Proposed Transaction would provide a number of benefits to HashChain, including:

Upon completion of the Proposed Transaction, the mining operation will have 12,895 Bitcoin mining rigs with the ability to expand to 17.5 MW of computing power with electricity at an average all-in cost of USD$0.05/kWh. The operating facility is located in Buffalo, New York, with over 70,000 square feet under a five-year lease and an option to lease additional facility space totalling 240,000 square feet after three years. HashChain will focus on validation through mining, hosting solutions and blockchain software solutions.

LIQUIDITY AND CAPITAL RESOURCES

The Company commenced earning income from digital currency mining in mid-November 2017, however it has limited history and no assurances that historical performance will be indicative of future performance. At November 30, 2019, the Company had a working capital deficiency of $2,205,299 compared to a working deficiency of $661,588 at August 31, 2019.

The Company’s ability to continue as a going concern is dependent on the Company’s ability to efficiently mine and liquidate digital currencies, manage operational expenses and raise additional funds through debt or equity financing. Management anticipates working with Digihost in the short-term to raise additional capital or help fund ongoing operations and will continue to reduce expenses as it realigns its business model (see Bitcoin transfer agreement section of MD&A).

The net change in the Company’s cash position as at November 30, 2019 compared to August 31, 2019 was a decrease of $36,662. Operating activities used cash of $36,662 which was primarily due to the converting of digital currencies which worked to offset the operating loss combined with changes in working capital items. For the period ended November 30, 2018, investing activities used cash of $440,822 which consisted of items pertaining to the disposition of the NODE40 platform (2019, $0). Financing activities used cash of $1,315,100 for the period ended November 30, 2018 which was attributable to the repayment of a loan during the period (2019, $0).

OUTSTANDING SHARE DATA

The following share capital data is current as of the date of this document:

As at the date of this report, 261,222,157 common shares were issued and outstanding, with 20,780,000 stock options and 29,823,400 warrants issued and outstanding. There are TSXV and securities laws restrictions on resale, as well as voluntary restrictions on certain shares, as detailed in the Company’s Final long form Prospectus dated December 12, 2017 filed on SEDAR and subsequent continuous disclosure filings of the Company.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED NOVEMBER 30, 2019

During the three-month period ended November 30, 2019, the Company recorded a loss from continuing operations of $2,269,384 compared to a recognized loss of $2,920,324 for the three months ended November 30, 2018.

Income:

Income for the first quarter were $2,320,301 from the mining of digital currencies as compared to the first quarter income of the prior year of $2,657,587.

Operating Expenses:

Operating and maintenance costs for the first quarter were $3,730,540 and consisted of coins transferred to apply against electricity fees owed (see Bitcoin transfer agreement section of MD&A). Depreciation for the first quarter of $699,060 and represents the straight-line depreciation of the mining rig equipment over an expected life of three years.

General and Administrative Expenses:

Professional fees $158,274 consisted primarily of legal fees related to the Company’s current and future plans.

Other expenses:

The Company recorded “Other Items” amounts during the period ended November 30, 2019 including:

For the period ended November 30, 2018, there was a loss from discontinued operations of $774,662 and gain on disposal of discontinued operations of $728,179 related to the disposal of the NODE40 assets, as summarized below:

The asset purchase agreement closed on November 21, 2019. The gain on disposition was comprised of:

The operating results of the disposal group are presented as discontinued operations during the years ended August 31, 2019 and 2018 as follows: