What’s going on with HIVE Blockchain Technologies?
HIVE Blockchain Technologies (HVBTF) stock rose after the Canadian company secured approval from Nasdaq to list its common shares on the Nasdaq Capital Markets Exchange. Shares of HVBTF were up 7.58% to $2.63 per share on Thursday afternoon.
HIVE will also continue to be listed on the TSX Venture Exchange. The company didn’t immediately announce when the Nasdaq listing would take effect.
What does this mean for HVBTF?
The listing on Nasdaq’s Capital Market Exchange will increase awareness of the company before investors and help solidify it as a blockchain powerhouse. HIVE went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
HIVE now owns green energy-powered data centre facilities in Canada, Sweden, and Iceland, which generate digital currencies including Bitcoin and Ethereum, continuously on the cloud.
Since the beginning of 2021, HIVE has kept most of its ethereum and bitcoin, secured in protected storage. In 2020, the company traded more than 2 billion shares of its stock. The company has a market valuation of $986 million and an average daily trading volume has averaged 3.7 million shares during the past 100 days.
HVBTF has a Short-Term Technical Rank of 38. Find out what this means to you and get the rest of the rankings on HVBTF!
HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry, including the mining of digital currencies. Its projects include Iceland Cryptocurrency Mining Project.
