Hive Blockchain Technologies List Its Share on Nasdaq

Hive Blockchain Technologies List Its Share on Nasdaq
  • Hive Blockchain Technologies List its Share on Nasdaq.
  • Currently, Hive trades on TSX Venture Exchange. 
  • The company has a specific focus on green energy.

The publicly traded Canadian crypto-mining company, Hive Blockchain technologies announced it have received approval to list its share on Nasdaq.

Moreover, a global electronic marketplace for buying and selling securities known as Nasdaq. It was created by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). Nasdaq was the world’s first electronic exchange. It also lists popular cryptocurrencies.

Currently, Hive trades on Canada’s largest exchange TSX Venture Exchange. Hive focus on both mining Bitcoin and Ethereum. Toronto Stock Exchange (TSX) is known as the Canadian stock exchange locates in Toronto. TSX merged with Montreal Exchange(MX) to form the TMX Group in 2007.  In TSX all transactions conducted in Canadian dollars (CAD).

Furthermore, as per Hive’s website, the company has a specific focus on green energy. Green energy popular important topic to critics’ significant energy consumption.

According to Hive’s announcement, “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”. Also added, 

“Since the beginning of 2021, HIVE has accumulated the majority of its ETH and BTC coin production, which we hold in secure storage.”

HIVE Blockchain Technologies Ltd is a Canada-based company within the blockchain sector. Hive provides its service from the blockchain sector to traditional capital markets. In New Brunswick, Hive owns a data center campus.

More so, on Friday Hive closed at 3.05 CAD, down 3.79% on the day and 44% from 6.8 highs in the year. When the Nasdaq shares would start trading, not yet revealed by Hive.

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