HIVE Blockchain Technologies has received approval from the Nasdaq Stock Market to list its common shares on the Nasdaq’s Capital Markets Exchange.
HIVE went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. The company will retain its listing on the Toronto Stock Venture Exchange (TSX.V).
HIVE describes itself as a growth-oriented company in an emergent industry.
A spokesperson for the company said: “We are building a bridge between the blockchain sector and traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud.”
Since the beginning of 2021, HIVE has accumulated the majority of its ETH and BTC coin production, which it holds in secure storage.
The spokesperson added: “Our deployments provide shareholders with exposure to the operating margins of digital currency mining, as well as a portfolio of crypto-coins such as BTC and ETH. HIVE traded over two billion shares in 2020.”
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Credit: Blockchain News