Bitcoin Mining, HIVE Blockchain

Publicly traded cryptocurrency mining company Hive Blockchain (HIVE) has passed a $1 billion market value as its shares continue to surge amid bitcoin’s parabolic rally.

  • The Vancouver-based company has a current market value of $1.17 billion at last check with 345.7 million shares outstanding.
  • Hive first crossed the 10-digit mark in early November 2017 shortly before the cryptocurrency market peaked a month later. For most of the past three years, Hive’s market value has stayed below $200 million.
  • Hive shares rallied over 2,500% in 2020 and have added an additional nearly 40% gain so far in January, currently trading around $3.32. In 2017, shares peaked just above $6.75.
  • To date in 2021, bitcoin has gained over 40% after reaching nearly $42,000 Friday morning.
  • Coinciding with its soaring market value, Hive has focused expanded its mining operations with the purchase of over 3,000 new mining machines in 2020, with nearly half of that number purchased and deployed in November 2020 alone.
  • Hive competitors Riot Blockchain (RIOT) and Marathon Patent Group (MARA) both also recently hit the $1 billion market value in late December and early January respectively, per CoinDesk’s prior reporting.
Bitcoin Mining, HIVE Blockchain
Weekly price action for shares of Hive Blockchain
Source: TradingView

RELATED NEWS

Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second. Regional reports noted that in China the Xinjiang grid is having blackouts and “safety inspections.†Reports Claim Blackouts in Xinjiang, China Have Pushed Bitcoin’s Hashrate Down 49% At the time of writing, the […]

Xem chi tiết: Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors

The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says the $33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs. Blockcap Rakes in 544 Bitcoins During the last three months, bitcoin (BTC) markets have seen phenomenal gains […]

Xem chi tiết: Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors

Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million

The Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9’s binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin hashpower. On April 9, the publicly-listed gaming and internet company […]

Xem chi tiết: Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million

Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin

The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, […]

Xem chi tiết: Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin

Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million

Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing […]

Xem chi tiết: Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million

Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban

Crypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners. Public Officials to Face Bigger Penalties According to a report published by E Daily, the Abkhazian […]

Xem chi tiết: Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban

Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month

On Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1.5 billion in coinbase rewards and transaction fees. Today, the blockchain’s hashrate is around 160 exahash per second (EH/s) with 17 pools dedicating hashpower to the […]

Xem chi tiết: Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month

Youtuber Builds a Bitcoin Miner Out of a 31-year old Nintendo Game Boy

On Saturday, a popular Youtuber named Stacksmashing published a video that shows him hacking a 1989 Nintendo Game Boy in order to mine bitcoin. Despite the creativity and the fact that the miner only leverages four double-A batteries, Stacksmashing noted that the 8-bit handheld game console was not nearly as powerful as today’s modern mining […]

Xem chi tiết: Youtuber Builds a Bitcoin Miner Out of a 31-year old Nintendo Game Boy

Hut 8 Joins Foundry’s US Mining Pool, Adds Over 14,000 Bitcoin Mining Rigs of Hashpower

Hut 8 Joins Foundry’s US Mining Pool, Adds Over 14,000 Bitcoin Mining Rigs of Hashpower

500 MW by 2025: Bitcoin Miner Greenidge and It’s Wholly-Owned Power Plant to Be Listed on Nasdaq

Ebang Hopes to Capture a ‘Competitive Edge’ After Developing a Next-Generation 6nm Bitcoin Mining Chip

The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

BTC Hashpower Swells: Bitcoin Network Touches 185 Exahash, Hashrate Climbs 18,400% Since 2016

BTC Miner Stresses: ‘Bitcoin is One of the Most Environment-Friendly Financial Networks’