Canada’s Hive blockchain technology for listing on the Nasdaq. authorized
While the SEC continues to postpone the listing of a Bitcoin ETF, traders on old exchanges seeking to get exposure to the cryptocurrency will soon have another socket.
In a statement on Friday, Canada’s Hive Blockchain Technologies declared that it had received approval to list shares on the Nasdaq stock market. Hive is now trading on the TSX Venture Exchange under the ticker HIVE.V and is concentrated on both Bitcoin and Ethereum mining.
HIVE is very happy to announce today that it has received approval to list its common stock on the Nasdaq Capital Markets Exchange, where trading will start soon. HIVE will also retain its listing on the TSX Venture Exchange (TSX.V). pic.twitter.com/6XyEFfSCL4
– HIVE (@HiveBlockchain) June 17, 2021
According to Hive’s site, the firm is specially concentrated on green energy – a problem that’s becoming more and more important to critics of the cryptocurrency’s significant energy intake. This month, Bitcoin accumulator Michael Saylor revealed details of the upcoming Bitcoin Mining Council, which, in addition to different mandates, will help shed light on the ecological effect of cryptocurrency mining.
“HIVE has state-of-the-art data centers for green energy in Canada, Sweden and Iceland that continuously produce newly minted digital currencies such as Bitcoin and Ethereum in the cloud,” declared Hive. “Since early 2021, HIVE has accumulated the majority of its ETH and BTC coin production, which we keep safe.”
RELATED: China’s Bitcoin Mining Shake Could Have Unexpected Impact On BTC Price – Analyst
Hive closed at CAD 3.05 on Friday, down 3.79percent for the day and 44 percent from its high of 6.8 sooner the year.
Historically, bitcoin miners have outperformed the underlying asset, often by making substantial gains. Last month’s analysis revealed that Bitcoin was up 900% year over year, however, four of the biggest mining stocks were up 5,000%.
Along with the price recovery, many miners have become ever stronger voices in politics. This month, the CEO of Nasdaq-recorded Canaan Inc. called on China to relax its Bitcoin mining ban.