The HIVE blockchain and HIVE Digital Technologies have been making significant moves recently. Here are some key updates as of February 23, 2025:
HIVE Digital Relocates to Texas
HIVE Digital Technologies Ltd. has moved its head office to San Antonio, Texas. This strategic shift is aimed at better positioning the company within the growing U.S. blockchain and crypto markets.
Transition to US GAAP Reporting
HIVE has also transitioned to US Generally Accepted Accounting Principles (GAAP) to align with standard financial reporting practices, making it more transparent for investors.
Bitcoin Mining Expansion
HIVE has hit a major milestone, reaching 6.0 EH/s in hashrate, representing a 47% year-over-year growth. This expansion further solidifies its place in the competitive Bitcoin mining industry.
Stock Performance
HIVE’s stock (HIVE.V) is currently trading at 3.55 CAD, reflecting a 7.31% decrease from the previous close. The stock’s 52-week range has been 3.00 - 7.75 CAD.
Hive Blockchain Community Updates
The Hive blockchain community remains vibrant, with ongoing discussions about upcoming meetups and developments. Engagement continues to grow, proving the blockchain’s resilience and potential.
What are your thoughts on these updates? Let’s discuss!
