Blockchain

Canada’s Hive blockchain technology is approved to be listed on the Nasdaq

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Although the SEC continues to slow down the listing of Bitcoin ETFs, traders on traditional exchanges eager to access cryptocurrencies will soon have another way out.

In Friday’s announcement, Canada’s Hive Blockchain Technologies revealed that it has been approved to be listed on the Nasdaq Stock Exchange. Hive is currently traded on TSX Venture Exchange under the ticker symbol HIVE.V, focusing on Bitcoin and Ethereum mining.

According to Hive’s website, the company pays special attention to green energy-an increasingly important topic for critics who criticize the massive energy consumption of cryptocurrencies. This month, the famous Bitcoin accumulator Michael Saylor (Michael Saylor) Reveal the details of the upcoming Bitcoin Mining Committee, Among other duties, this will help clarify the ecological impact of cryptocurrency mining.

“HIVE has state-of-the-art green energy-driven data center facilities in Canada, Sweden, and Iceland. These facilities continue to produce newly minted digital currencies on the cloud, such as Bitcoin and Ethereum,” Hive wrote. announcement“Since the beginning of 2021, HIVE has accumulated most of the production of ETH and BTC coins, and we keep them in secure storage.”

Related: The shock of China’s Bitcoin mining industry may bring unexpected consequences to BTC prices-Analyst

Hive closed at 3.05 Canadian dollars on Friday, down 3.79% on the day, and down 44% from its high of 6.8 earlier this year.

Historically, Bitcoin miners outperform the underlying assets, There is usually a big gap. Last month’s analysis showed that while Bitcoin was up 900% year-on-year, the four major mining stocks rose 5,000%.

With the rise in prices, many miners have become more and more powerful voices on the global political arena. This month, the CEO of Nasdaq listed company Jianan Zhizhi calls on China to relax the ban on Bitcoin mining.