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, including BITF, COIN, and IREN, are experiencing an uptick in their trading values, correlating with an increase in Bitcoin's price.

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

Crypto-related stocks, including BITF, BTDR, CAN, CIFR, CLSK, HUT, MARA, MSTR, RIOT, WULF, are trading higher due to an increase in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:31 pm

Shares of miners and crypto-related stocks are down following SEC approval of spot Bitcoin ETFs, indicating market volatility in the sector. This includes companies like Coinbase (COIN), Robinhood (HOOD), Riot Blockchain (RIOT), MicroStrategy (MSTR), Marathon Digital Holdings (MARA), Bitdeer Technologies Holding Company (BTDR), Cleanspark (CLSK), HIVE Blockchain Technologies (HIVE), Hut 8 Mining (HUT), and Wulf Blockchain (WULF).

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:05 pm

In Thursday's pre-market session, U.S. stock futures were up, with Nasdaq futures gaining about 50 points. Transphorm, Inc. (TGAN) saw a significant rise after Renesas Electronics announced plans to acquire the company at $5.10 per share in cash, causing TGAN shares to surge 30.6% to $4.95. Other stocks experiencing gains included Canaan Inc. (CAN), TeraWulf Inc. (WULF), Bitdeer Technologies Group (BTDR), Nukkleus Inc (NUKK), Bitfarms Ltd (BITF), Bit Digital, Inc. (BTBT), Hut 8 Corp. (HUT), iRobot Corporation (IRBT), and HIVE Digital Technologies Ltd. (HIVE), largely due to strength in Bitcoin prices and regulatory developments.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 10:00 am

HIVE Digital Technologies reported an increase in its Bitcoin holdings, ending December 2023 with 1,707 BTC, which is 80 BTC more than the previous month.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:15 pm

HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares are trading higher after providing an operations update for December. The company produced 282.8 Bitcoin and maintained an average hashrate of 3.95 EH/s. Hive's New Brunswick facility is expected to return to full operation this month. New appointments include Luke Rossy as COO and Mario Sergi as CIO. The stock's rise may also be influenced by the recent increase in Bitcoin's price, which is up 3.82% at $44,073.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 4:14 pm

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) reported an increase in its Bitcoin (BTC) holdings and provided a production and corporate update for December 2023. The company produced 282.8 BTC, averaging 9.1 BTC per day, and ended the month with a mining capacity of 4.08 EH/s. HIVE's HODL position grew to 1,707 BTC. Additionally, HIVE announced the appointment of Luke Rossy as COO and Mario Sergi as CIO. The New Brunswick facility is expected to resume operations in January 2024 with a capacity of 2 EH/s. Bitcoin network difficulty increased by 6% in December, impacting gross profit margins for miners.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:12 pm

Shares of Hut 8 Corp (NASDAQ:HUT) and Hive Digital Technologies Ltd (NASDAQ:HIVE) are rising following Bitcoin's surge above $45,000. Bitcoin's rally, driven by anticipation of a spot Bitcoin ETF approval, is positively impacting these mining companies. Hive Digital recently closed a bought-deal private placement to expand its mining operations and intends to hold its Bitcoin until the next halving. Hut 8 is trending on finance platforms and has seen a significant share price increase over the past month.

Portfolio Pulse from Erica Kollmann

January 02, 2024 | 3:58 pm

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