Categories: Blockchain

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.

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.

.

.

CoinX

Recent Posts

Dtec Announces Global Partnership with DİZAYNVIP to Elevate AI-Driven Mobility Design  

Dtec and DİZAYNVIP partner to merge AI technology with luxury vehicle design, revolutionizing smart mobility…

21 mins ago

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

4 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

7 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

9 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

10 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

13 hours ago

This website uses cookies.