Streetbeat News

HIVE

HIVE Blockchain Technologies Ltd.

https://www.hiveblockchain.com

Industry

Financial - Capital Markets

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd. in September 2017. HIVE Blockchain Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Open

3.95

Mkt cap

519M

Volume

3.9M

High

4.09

P/E Ratio

-30.96

52-wk high

5.74

Low

3.82

Div yield

N/A

52-wk low

2.18

Crypto-related stocks are trading higher, correlating with an increase in Bitcoin's value. This trend is observed across multiple companies associated with the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:45 pm

bluebird bio, Inc. (NASDAQ:BLUE) shares increased by 6.6% after presenting positive gene therapy data at the ASH Annual Meeting. Other stocks experienced significant movement in Monday's mid-day session, with notable gainers including Pasithea Therapeutics Corp. (NASDAQ:KTTA), NextPlay Technologies, Inc. (NASDAQ:NXTP), and MorphoSys AG (NASDAQ:MOR). The Cigna Group (NYSE:CI) shares rose after withdrawing from a merger with Humana Inc. (NYSE:HUM), and Macy's, Inc. (NYSE:M) increased on news of a buyout bid. Conversely, Near Intelligence, Inc. (NASDAQ:NIR) and Troika Media Group, Inc. (NASDAQ:TRKA) fell sharply due to bankruptcy filings, while Altamira Therapeutics Ltd. (NASDAQ:CYTO) dropped after announcing a reverse stock split. Cryptocurrency-related stocks like Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT) declined alongside a drop in Bitcoin's price.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 6:13 pm

Shares of crypto-related companies COIN, MARA, and RIOT are trading lower due to a decline in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:53 pm

On Monday, several stocks experienced declines, with notable losses in the biotech sector and among companies associated with Bitcoin due to a pullback in its price. Cogent Biosciences and Biomea Fusion reported clinical trial data, resulting in significant drops in their share prices. Companies like CleanSpark, HIVE Digital Technologies, Riot Platforms, and Marathon Digital Holdings were affected by the Bitcoin price movement. Gildan Activewear announced a leadership change, and Tellurian updated its executive team.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 4:07 pm

Crypto-related stocks are experiencing an uptick due to a surge in Bitcoin's value, reflecting increased investor confidence in the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 8:43 pm

Bitcoin (BTC/USD) soared to $43K on Tuesday, continuing its upward trend after crossing $40,000 over the weekend. The rally is partly driven by expectations of a U.S. SEC approval for a Bitcoin ETF. Crypto-linked stocks like Coinbase (COIN), CleanSpark (CLSK), Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and HIVE Digital Technologies (HIVE) are surging in response. Coinbase's CEO Brian Armstrong highlighted Bitcoin's potential role in strengthening Western civilization and the U.S. dollar.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 6:22 pm

Shares of crypto-related companies BITF, CAN, and MSTR are trading higher following a weekend increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:40 pm

Bitcoin (BTC/USD) reached approximately $39K, the highest level since May 2022, despite regulatory pressures. The cryptocurrency market's total capitalization surpassed $1.5 trillion. Crypto-related stocks like Coinbase (COIN), Marathon Digital (MARA), Riot Platforms (RIOT), Bakkt Holdings (BKKT), and HIVE Digital Technologies (HIVE) are rising in response. MicroStrategy continues to purchase Bitcoin, and CleanSpark (CLSK) reported mining 666 bitcoins in November, holding 2.575 bitcoins as of November 30.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 6:09 pm

HC Wainwright & Co. analyst Mike Colonnese downgraded HIVE Digital Technologies (NASDAQ:HIVE) from Buy to Neutral and reduced the price target from $7 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:11 pm

Wall Street analysts have updated their price targets and ratings for several companies. EF Hutton lowered FiscalNote's target but maintained a Buy rating. HC Wainwright cut Canoo's target while maintaining a Buy rating. Raymond James reduced Texas Capital Bancshares' target but kept a Strong Buy rating. Jefferies downgraded The Beauty Health Company and slashed its target. RBC Capital downgraded Energizer Holdings and cut its target. JP Morgan downgraded Canadian Solar and lowered its target. Barclays upgraded Wix.com and raised its target. Canaccord Genuity cut HIVE Digital's target but maintained a Buy rating. Citigroup upgraded Vipshop Holdings and increased its target. B of A Securities upgraded American Eagle Outfitters and raised its target.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 1:17 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.