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

HIVE Digital is set to build a 100 MW data center in Paraguay, aiming to achieve a 12 EH/S hashrate and double its revenue.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:25 am

Selective Insurance Group (NASDAQ:SIGI) shares fell 14.8% after reporting weak quarterly results, missing both earnings and sales estimates. Other notable stock movements include Augmedix (NASDAQ:AUGX) surging 148.8% on acquisition news, and SunPower Corporation (NASDAQ:SPWR) dropping 45.8% following an operational pause and analyst downgrade.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:24 pm

HIVE Digital Technologies shares are trading higher following a Buy rating from B. Riley Securities with a $6 price target. The stock is also benefiting from a rise in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:26 pm

Western Alliance Bancorporation (NYSE:WAL) posted upbeat earnings, leading to a 7.2% rise in its stock price. Other notable gainers include Hawaiian Electric Industries (NYSE:HE), Abacus Life Inc (NASDAQ:ABL), and Intuitive Surgical, Inc. (NASDAQ:ISRG). The Dow Jones index fell around 250 points.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 2:30 pm

B. Riley Securities has initiated coverage on HIVE Digital Technologies with a Buy rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:19 pm

Shares of crypto-linked stocks are trading lower amid a drop in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:09 pm

Hive Digital Technologies mined 119 Bitcoin in June 2024, increasing its Bitcoin holdings by 2% to a total of 2,496 Bitcoin. The company maintained an average Bitcoin mining capacity of over 4.7 Exahash per second (EH/s) during the month.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 5:17 am

Bitcoin's recent decline has negatively impacted crypto mining stocks, with Hut 8, Marathon Digital, and HIVE Digital experiencing significant pre-market losses. Despite the downturn, each company has unique strengths that could present buying opportunities for risk-tolerant investors.

Portfolio Pulse from Surbhi Jain

July 05, 2024 | 3:09 pm

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

HIVE Digital Technologies shares are trading higher after Canaccord Genuity maintained a Buy rating and a $6 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:32 pm

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