Geometry Dash APK Hill Climb Racing APK
73.7 F
New York
Thursday, October 6, 2022

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

Must read

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)...

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

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

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
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.
SmsVerifyer.com Affordable best sms verification service