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

4.47

Mkt cap

552M

Volume

7.2M

High

4.74

P/E Ratio

-13.29

52-wk high

5.74

Low

4.40

Div yield

N/A

52-wk low

2.18

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

Canaccord Genuity analyst Joseph Vafi has maintained a Buy rating on HIVE Digital Technologies (NASDAQ:HIVE) but has reduced the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:08 am

The ongoing crypto bull market, fueled by Bitcoin's 110% surge year-to-date, has led to a rise in penny crypto stocks. Bit Farms (NASDAQ:BITF) and Hive Blockchain (CVE: HIVE) are two such stocks. BITF has seen a 33.87% increase in its price this year, while HIVE's price has climbed by 22.79%. An initial $1000 investment in BITF and HIVE starting Jan 1, 2023, would have appreciated to $1338.67 and $1227.94 respectively. A linear regression analysis suggests a strong correlation between the two stocks.

Portfolio Pulse from Mehab Qureshi

November 06, 2023 | 12:18 pm

Crypto stocks are trading lower due to a drop in Bitcoin's value.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 7:47 pm

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) shares are trading higher after the US federal appeals court ruled that the SEC was wrong to reject Grayscale Investments' spot Bitcoin ETF application. The court has ordered the SEC to review its rejection of the application from Grayscale to convert its Grayscale Bitcoin Trust (OTC:GBTC) into a spot Bitcoin ETF. Bitcoin is up more than 5% and HIVE shares are up over 17%.

Portfolio Pulse from Erica Kollmann

August 29, 2023 | 4:52 pm

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 2:37 pm

Canaccord analyst Joseph Vafi reiterated a Buy rating on several digital asset, financial technology, and IT and business services stocks. The companies include Cipher Mining Inc, HIVE Digital Technologies Ltd, Hut 8 Mining Corp, Iris Energy Limited, ACI Worldwide, Inc, Open Lending Corp, Nuvei Corp, Payfare, Inc, Pagaya Technologies Ltd, Concentrix Corp, and ICF International, Inc. The analyst believes these companies are well-positioned for potential changes in the regulatory landscape and the introduction of next-generation technology.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 5:32 pm

Shares of several crypto-related companies are trading lower due to a decline in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 7:50 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.