October 24, 2021

PC TECH THERAPY

PC Tech Therapy Blog by Daniyal Computer

Canada’s Hive Blockchain Applied sciences authorized for Nasdaq list

2 min read



Whilst the SEC continues to slow-roll the list of a Bitcoin ETF, buyers on legacy exchanges desperate to get some publicity to crypto will quickly have every other outlet. 

In a press release on Friday, Canada’s Hive Blockchain Applied sciences printed that it has gained approval to listing stocks at the Nasdaq inventory change. Hive lately trades at the TSX Project Change beneath the ticker HIVE.V, and specializes in each Bitcoin and Ethereum mining.

In line with Hive’s web page, the corporate has a specific focal point on inexperienced calories — an increasingly more necessary subject to critics of crypto’s vital calories intake. This month, famous Bitcoin accumulator Michael Saylor printed the main points of the drawing close Bitcoin Mining Council, which, amongst different tasks, will assist to make clear the ecological affect of cryptocurrency mining. 

“HIVE owns state of the art inexperienced energy-powered knowledge centre amenities in Canada, Sweden, and Iceland which produce newly minted virtual currencies like Bitcoin and Ethereum steadily at the cloud,” reads Hive’s announcement. “For the reason that starting of 2021, HIVE has amassed nearly all of its ETH and BTC coin manufacturing, which we grasp in protected garage.”

RELATED: Chinese language Bitcoin mining shakeout could have wonder BTC worth penalties — analyst

Hive closed on Friday at 3.05 CAD, down 3.79% at the day and 44% from 6.8 highs previous within the 12 months. 

Traditionally, Bitcoin miners have outperformed the bottom asset, regularly through vital margins. Research remaining month confirmed that whilst Bitcoin used to be up 900% at the 12 months, 4 of the biggest mining shares rallied 5,000%.

At the side of the rally in worth, many miners are increasingly more turning into robust voices at the international political degree. This month, the CEO of Nasdaq-listed Canaan Inc known as on China to lighten its Bitcoin mining ban.