HIVE Blockchain Technologies Ltd (HVBTF) stock price


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HIVE Blockchain Technologies Ltd is listed on the OTC Markets with the symbol HVBTF. At press time (November 15th, 2021), this is traded at $2.86 with a volume of 6.48 million. HIVE's mission is to build a bridge from the blockchain sector to traditional capital markets.

HIVE stock has jumped over 400% YTD. The Vancouver-based Company announced a while back that they have acquired an additional 225 Antminer S9s to expand their operations. Investors have been very excited about this opportunity because they believe the acquisition will increase revenue potential for both miners and HIVE shareholders.
Mining cryptocurrencies is not profitable with just one or two machines anymore. For example, HIVE needs 2 million devices running at peak capacity to mine 1 Bitcoin per day.

HIVE is the first publicly listed blockchain infrastructure company in the world. They are a leading player in the blockchain space, managing one of the largest production blockchain networks in the world. They aim to be the global standard for quality and consistency, working with Fortune 500 companies and startups alike on their custom-tailored projects.

The Company is based in Canada. Their fully owned subsidiary, HIVE Blockchain Technologies Schweiz AG, has acquired a controlling interest in a Swiss company that operates large-scale cryptocurrency mining facilities. With over 350 years of aggregate mining experience, our team has built one of the largest GPU farms in North America. Currently, they can mine over 6 million dollars per month in digital currency. Mining cryptocurrencies is a highly competitive industry where margins are thin and competition fierce. The Company has achieved success with miners using its proprietary hardware and software solutions that it believes are unique to the industry. Their business model is focused on growing our crypto mining footprint globally with strategic investments.

Who is HIVE Blockchain Technologies?

HIVE Blockchain Technologies Ltd. (TSX:HIVE) operates as a cryptocurrency mining company, which mines digital currencies like Bitcoin and Ethereum. The HIVE token is also used to attract demand for the Company's shares and provides an opportunity to mine cryptocurrency with no upfront costs. Our business model involves the acquisition and management of large-scale mining operations and has been developed to provide investors access to the cryptocurrency space, focusing on liquidity, low volatility, reduced risk, and early mover advantage.

HIVE has been a ground-breaking company in the virtual reality industry since its founding in 2017. The Company has been featured in major publications such as Wired, Forbes, and the New York Times. HIVE is still a young company, but there have been many achievements worth noting. In 2018, for example, HIVE was ranked among the top 10 companies in Forbes's "Next Billion-Dollar Startups" list.

In addition to breaking record growth in 2018, HIVE partnered with Intel Corporation to produce a new generation of VR headsets built to support AR and MR technology. HIVE is poised to continue growing and innovating in 2019 and beyond with an already impressive list of accomplishments.

HIVE provides turnkey mining solutions to investors in hardware, mining space, and consulting services. HIVE focuses on mining Bitcoin, Ethereum, Dash, Litecoin, Zcash, and Monero. Blockchain stocks are a new type of stock that is being used by businesses to raise money. Blockchain stocks allow businesses to issue shares in a digital ledger, which is called a blockchain. The idea behind blockchain issuance is that it will reduce the need for middlemen and make it easier for companies to get their products and services to market quickly and efficiently. This will help companies save time and money. Another benefit of blockchain stock issuance is that it will make it easier for people to invest in these companies. By issuing shares on a blockchain, businesses can protect their investors from fraud and other risk concerns.