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

MicroStrategy Inc. (NASDAQ:MSTR) is considered overvalued by 26% according to 10x Research's Markus Thielen, who suggests it's time to take profit based on a regression model linking MSTR stock to Bitcoin prices. Thielen predicts Bitcoin to reach $45,000 by Christmas. Other crypto-related stocks like HIVE Digital Technologies Ltd (NASDAQ:HIVE), HUT 8 Corp (NASDAQ:HUT), and Galaxy Digital Holdings Ltd (OTC:BRPHF) also saw significant year-to-date surges. MicroStrategy recently increased its Bitcoin holdings, now owning 189,150 Bitcoin worth $5.9 billion. Max Keiser hinted at a potential $5 billion mixed debt & equity shelf offering by MicroStrategy, possibly to buy more Bitcoin.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 5:46 pm

In Thursday's pre-market session, several stocks are moving higher despite mixed U.S. stock futures, with the Dow Jones futures down about 40 points. Altice USA, Inc. (ATUS) saw a significant rise of 14.4% after a 12% gain on Wednesday. TeraWulf Inc. (WULF) continued its upward trend with a 10.8% increase following a 30% gain. Nurix Therapeutics, Inc. (NRIX), HIVE Digital Technologies Ltd. (HIVE), and Bit Digital, Inc. (BTBT) all saw pre-market gains, with BTBT rising due to an expansion of its Bitcoin mining fleet and a surge in Bitcoin's price. Cipher Mining Inc. (CIFR) also benefited from the Bitcoin price increase, rising 6.3%. Bilibili Inc. (BILI), Bitdeer Technologies Group (BTDR), and Maxeon Solar Technologies, Ltd. (MAXN) each saw pre-market gains of around 4.9%.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 10:41 am

Coherus BioSciences, Inc. (NASDAQ:CHRS) shares surged 34.8% in pre-market trading after the FDA approved UDENYCA ONBODY for pegfilgrastim-cbqv. Other stocks showing pre-market gains include Burford Capital Limited (NYSE:BUR), TeraWulf Inc. (NASDAQ:WULF), Bitfarms Ltd. (NASDAQ:BITF), Bit Digital, Inc. (NASDAQ:BTBT), HIVE Digital Technologies Ltd. (NASDAQ:HIVE), Cipher Mining Inc. (NASDAQ:CIFR), and Altimmune, Inc. (NASDAQ:ALT). U.S. stock futures were slightly lower, with Dow Jones futures down about 5 points.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 11:08 am

Marathon Digital (NASDAQ:MARA) has seen a significant rally of 622.8% in 2023, attributed to acquisitions of mining sites and optimism in the crypto industry. The company plans to add 390 megawatts to its current 584-megawatt capacity, with the transaction expected to close in Q1 of 2024. Other crypto miners like Riot Platforms, HIVE Digital Technologies, Bitfarms, and Bit Digital also reported substantial gains. Needham maintains a Hold rating on MARA but raised its 2024 revenue and EBITDA estimates. MARA's net income swung to $64.1 million in Q3, with revenues increasing sevenfold to $97.8 million, driven by a 467% increase in Bitcoin production and higher Bitcoin prices.

Portfolio Pulse from Khyathi Dalal

December 21, 2023 | 9:39 pm

Micron Technology, Inc. (NASDAQ:MU) reported Q1 revenue of $4.73 billion, surpassing estimates, but posted a loss of 95 cents per share, missing expectations. The company's strong guidance led to a 5.7% increase in pre-market trading. Other stocks showing pre-market gains include Calliditas Therapeutics, Lands' End, Canaan Inc., Immunovant, TeraWulf, Cipher Mining, RingCentral, and HIVE Digital Technologies, with several influenced by Bitcoin strength and positive company-specific news.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 10:27 am

HIVE Digital has announced a bought deal private placement of 5 million special warrants at a price of $5 per warrant, totaling $25 million in financing.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 4:49 pm

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has announced a $25 million bought deal private placement of 5 million special warrants at $5 each to support its Bitcoin production and expand its green mining operations by 100MW. The deal is led by Stifel Canada and Canaccord Genuity, with an option for the underwriters to purchase an additional 15% of the special warrants. The offering is contingent on regulatory and corporate approvals.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 4:44 pm

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:45 pm

bluebird bio, Inc. (NASDAQ:BLUE) shares increased by 6.6% after presenting positive gene therapy data at the ASH Annual Meeting. Other stocks experienced significant movement in Monday's mid-day session, with notable gainers including Pasithea Therapeutics Corp. (NASDAQ:KTTA), NextPlay Technologies, Inc. (NASDAQ:NXTP), and MorphoSys AG (NASDAQ:MOR). The Cigna Group (NYSE:CI) shares rose after withdrawing from a merger with Humana Inc. (NYSE:HUM), and Macy's, Inc. (NYSE:M) increased on news of a buyout bid. Conversely, Near Intelligence, Inc. (NASDAQ:NIR) and Troika Media Group, Inc. (NASDAQ:TRKA) fell sharply due to bankruptcy filings, while Altamira Therapeutics Ltd. (NASDAQ:CYTO) dropped after announcing a reverse stock split. Cryptocurrency-related stocks like Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT) declined alongside a drop in Bitcoin's price.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 6:13 pm

Shares of crypto-related companies COIN, MARA, and RIOT are trading lower due to a decline in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:53 pm

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