Hive Blockchain Technologies is a crypto mining and trading services firm. It is based in Canada and is already listed on the TSX Venture Exchange. TSX Venture Exchange is considered a promising growth experience for the new startups in the region. Hive Technologies provides cryptocurrency exposure to traditional capital markets.
The official Twitter account of Hive Blockchain Technologies has recently announced that it would soon start on the NASDAQ Capital Market Exchange. It would also continue to keep trading with TSX under the ticker HIVE.V. The tweet also declares that SEC authorities have approved the application for listing of common shares on NASDAQ.
Hive Technologies Aiming to Promote more Green Energy-based Crypto Mining in the Region
The good news about the public listing of Hive Technologies is that it addresses one of the biggest issues related to Bitcoin mining. The company’s official website claims that it is focused on sustainable and renewable energy projects. It further states that the company owns huge sustainable data centers in Iceland, Canada, and Sweden.
According to the Hive representatives, the company has moved a dominant amount of Bitcoin, and Ethereum stashes to its secure storage facility. From the start of 2021, the mining projects are busy mining for and minting major cryptocurrencies. Michael Saylor, CEO of MicroStrategy, has recently announced the formation of the Bitcoin Mining Council. The council would invite major stakeholders to take part in discussions and decisions about the environmental effects of Bitcoin mining.
Hive Technologies broke the news of the NASDAQ listing on Thursday. However, on Friday, the company stocks went down by 3.79%. In comparison to its YTD, it fell about 44% away from 6.8 CAD highs. A quick look at the Bitcoin mining stock shows that most mining operators have been able to beat the Bitcoin price run. While Bitcoin was doing well, the largest mining company stocks went up.
In the last month, about five major mining shares gained a 5000% price appreciation. The price rally is not the only advantage presented to Bitcoin miners. They are getting ready to file for a public listing and making an impact on the political front as well. In the same fashion, Cannan Inc., CEO, which is a NASDAQ listed crypto enterprise, addressed the government of China to soften the mining ban.