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

Canaccord Genuity analyst Joseph Vafi maintains a Buy rating on HIVE Digital Technologies (NASDAQ:HIVE) with a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 6:35 pm

HC Wainwright & Co. analyst Mike Colonnese has reiterated a Neutral rating on HIVE Digital Technologies (NASDAQ:HIVE) and maintained a price target of $3.5.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:35 am

HIVE Blockchain Technologies reported a fiscal year revenue of $114.5 million, marking an 8% year-over-year increase. However, the company also reported a net loss of $51.2 million.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:13 am

HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares are trading higher after the company announced its Bitcoin production numbers for May. HIVE mined 119 Bitcoin in May, increasing its total holdings to 2,451. The company also provided an operational update, including the installation of new mining equipment and the upcoming acquisition of more efficient machines.

Portfolio Pulse from Adam Eckert

June 10, 2024 | 7:53 pm

HIVE Digital reported a 3% increase in its HODL position to 2,451 Bitcoins in May 2024, alongside the acquisition of 1,000 new Bitmain S21 Pro Antminers. The company mined 119 Bitcoins in May, ending the month with a 5.0 EH/s ASIC mining capacity and an average hashrate of 4.9 EH/s.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:49 am

Hive Digital Technologies reported mining 212 Bitcoin in April 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:29 pm

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 7:57 pm

A Coinshares report predicts a significant rise in Bitcoin production costs post-halving, with electricity and overall costs nearly doubling, potentially leading to a 10% drop in the network hash rate. Listed mining companies like BitDigital, Hive (NASDAQ:HIVE), and Hut 8 (NASDAQ:HUT) are turning to AI to mitigate these challenges. The report forecasts a challenging environment for miners, with a shift towards more sustainable energy solutions and a potential reduction in hash rate post-halving.

Portfolio Pulse from Murtuza Merchant

April 22, 2024 | 7:31 pm

Peter Schiff, a known crypto skeptic, questioned the bullish $100K Bitcoin prediction, highlighting the bearish trends in crypto-linked stocks like Coinbase, Galaxy Digital, MicroStrategy, Valkyrie Bitcoin Miners ETF, Marathon Digital, Bitfarms, and HIVE Digital. Despite Bitcoin's recovery attempts, these stocks have seen significant declines from their recent highs. Schiff contrasts this with the broader market's pullback and the rise in traditional safe havens like gold, suggesting investors might reconsider their crypto investments.

Portfolio Pulse from Shanthi Rexaline

April 16, 2024 | 10:05 am

Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating on HIVE Digital Technologies (NASDAQ:HIVE) and maintained a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:00 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.