Canadian crypto miner Hive Blockchain Applied sciences says it has obtained approval to record shares on Nasdaq.
The corporate went public in 2017—since then, its shares have been buying and selling on the Canadian trade TSX.V.
As with different crypto-reliant shares, fluctuations within the worth of HIVE.V have more or less aligned with Bitcoin’s price movements; it’s now sitting at CA$3.01, or round $2.42 a share.
Hive is one in every of only a few publicly traded mining firms. Others embody Riot Blockchain and Marathon Digital Holdings (FKA Marathon Patent Group), each of which already commerce on Nasdaq.
Mining proof-of-work cryptocurrencies like Bitcoin and Ethereum requires an enormous quantity of vitality, and firms typically flip to fossil fuels for affordable entry to energy. The business has confronted criticism from environmentalists, progressive lawmakers, and businesspeople who don’t need to get their arms soiled.
Hive claims it uses “100% inexperienced renewable vitality” through “state-of-the-art inexperienced energy-powered information centre services in Canada, Sweden and Iceland,” although the corporate’s web site is mild on particulars.
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