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

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:54 pm

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:26 am

Bitcoin's surge to $73,000 overshadows the appearance of Death Cross signals in HIVE Digital Technologies Ltd (NASDAQ:HIVE) and Bit Digital Inc (NASDAQ:BTBT) stocks, indicating potential downward trends. HIVE reported strong Q3 earnings with $30.1 million in revenue and a 38% Gross Operating Margin, despite a 30.68% drop YTD. Bit Digital experienced a 47.04% decline YTD but remains active in mining and staking, with a production of 128.7 BTC in February 2024. The Death Cross, a bearish signal, has been triggered for both stocks, aligning with economist Peter Schiff's concerns about the underperformance of Bitcoin mining stocks.

Portfolio Pulse from Surbhi Jain

March 13, 2024 | 4:51 pm

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:38 am

Economist Peter Schiff raised concerns about the underperformance of bitcoin mining stocks despite Bitcoin's recent surge. He noted that while Bitcoin and other related stocks hit record highs, major bitcoin mining stocks like Marathon Digital Holdings, Riot Platforms, HIVE Digital Technologies, Bit Digital, CleanSpark, and Core Scientific experienced losses. Schiff suggests this divergence could indicate potential trouble for Bitcoin. The Valkyrie Bitcoin Miners ETF also saw a premarket drop.

Portfolio Pulse from Shanthi Rexaline

March 05, 2024 | 12:27 pm

Bitcoin mining stocks such as Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), CleanSpark Inc (CLSK), Hut 8 Corp (HUT), HIVE Digital Technologies Ltd (HIVE), Bit Digital Inc (BTBT), and Bitfarms Ltd (BITF) are experiencing gains due to the continued rise in Bitcoin's price, which recently surpassed $60,000. This surge is attributed to increased demand following the approval of spot ETFs and anticipation of the upcoming halving event in April. CleanSpark's recent strong earnings report and the upcoming earnings reports from other miners are also contributing factors.

Portfolio Pulse from Adam Eckert

February 28, 2024 | 2:16 pm

Bitcoin mining stocks are experiencing significant gains alongside the rising price of Bitcoin, which has surpassed $57,000, reaching its highest level in over two years. This surge is attributed to increased demand following the approval of spot ETFs and anticipation of the April halving event. CleanSpark's shares soared after reporting strong earnings, with other Bitcoin miners also expected to report soon. Notable gainers include CleanSpark, Marathon Digital Holdings, Hut 8 Corp, HIVE Digital Technologies, Bit Digital, and Riot Platforms.

Portfolio Pulse from Adam Eckert

February 27, 2024 | 2:20 pm

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 4:10 pm

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

February 19, 2024 | 10:29 am

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

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:00 pm

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