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Canada’s Hive Blockchain Tech Received Regulatory Greenlight to Finalize Listing On NASDAQ

| 20-Th6-2021

Canada’s Hive Blockchain Technologies reportedly revealed that it has received the regulatory go-ahead from the SEC to finalize shares listing on the Nasdaq stock exchange.

Specifically, despite the SEC’s decision to slow down on the listing of a Bitcoin ETF, traders on legacy exchanges anticipating crypto exposure will be able to tap into an alternative option. 

Hive – the miner from Canada with devotion for clean energy – is reportedly trading on the TSX Venture Exchange under the ticker HIVE.V at the moment, and specializes in both Bitcoin and Ethereum mining.

As revealed via HIVE’s web page, the firm is spending a large sum of attention on green energy – a field gathering increasing attention when talking about crypto’s energy consumption. In June, Bitcoin accumulator Michael Saylor disclosed specifics of the upcoming Bitcoin Mining Council, which aims to offer clarity on the effect of crypto mining, ecological-wise. 

“HIVE owns state-of-the-art green energy-powered data center facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud,” Hive reportedly announced. 

The firm further revealed that starting this year, HIVE has carried out the accumulation of most of its ETH and BTC coin production, which is safely kept in secure storage. 

From a historical point of view, Bitcoin miners have reportedly outperformed the base asset, regularly with a major margin. Insights in May revealed that while Bitcoin hit the 900% benchmark on the year, four of the top mining stocks rallied 5,000%.

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