Geometry Dash APK Hill Climb Racing APK
67.5 F
New York
Tuesday, June 15, 2021

HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF) Consolidates After The Big Rally: Bullish Sign?

Must read

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

Tesoro Enterprises, Inc. (OTCMKTS:TSNP) Hitting on All Cylinders

Last year it was announced that Tesoro Enterprises, Inc. (OTCMKTS:TSNP) was going to be merged with fintech company HUMBL INC and since...

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Attracts Buyers As Ethereum Passes $1600

The rally in cryptocurrencies over the past few weeks has been quite remarkable. Although Bitcoin, the world’s biggest cryptocurrency by market cap,...

Rolls-Royce Holding PLC ADR (OTCMKTS:RYCEY) Needs to Turn the Tide Soon

The coronavirus pandemic had unleashed complete chaos in the capital markets in 2020 and that resulted in many stocks hit historic lows...

The remarkable rally in Bitcoin has led to a lot of interest in stocks that are involved in the Bitcoin mining space. One such stock is that of HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF), which has been in the middle of a major rally for the past two months.

Recent News

During the period, HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF) has delivered gains of as much as 400%, and hence, it could be a good idea for investors to perhaps take a closer look at the company’s operations.

On Monday, the company made a major announcement with regards to its Bitcoin mining operations, and hence, the stock could well be back in focus among investors.

Yesterday, Hive Blockchain announced that it purchased as many as 4180 units of the MicroBT WhatsMiner M31S+, next-generation miner. It is a highly significant development for Hive since the new miners are going to boost its operating hash power substantially. The company stated that it is going to boost its operating hash power by as much as 334 Petahash per second.

This move is a continuation of Hive Blockchain’s policy of further expanding its Bitcoin mining business. After the addition of these new miners, the total operating hash power at the company’s disposal is going to stand at 653 Petahash per second.

The miners are going to be delivered to Hive in a total of 9 stages and the first delivery of a total of 180 miners is going to be made in April this year. From then on, the company is going to receive 500 miners each month up until the end of 2021.

The orders are part of the company’s efforts to ultimately have hash power of as much as 1000 Petahash per second. At this point, the company is already one of the major Ethereum miners and it is trying to become the same when it comes to Bitcoin.

Disclaimer: We hold no position in HIVE stock.

Latest article

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Is Tilray Inc (NASDAQ:TLRY) Stock a Good Buy After The Recent Fall?

The cannabis sector may have had a hard time not too long ago but over the course of the past months, the...

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

BIGG Digital Assets Inc (OTCMKTS:BBKCF) is Struggling to Regain Momentum

Over the course of the past few months, the continued rally in some of the biggest cryptocurrencies has led to considerable interest...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service