HIVE Blockchain Technologies (OTCMKTS:HVBTF) Shares Down 3.9% – Here’s Why

HIVE Blockchain Technologies Ltd. (OTCMKTS:HVBTF – Get Free Report)’s stock price fell 3.9% during mid-day trading on Friday. The stock traded as low as $1.8650 and last traded at $1.95. 15,039,981 shares were traded during mid-day trading, an increase of 280% from the average daily volume of 3,960,986 shares. The stock had previously closed at $2.03.

HIVE Blockchain Technologies Price Performance

The stock has a 50 day moving average of $2.83 and a 200 day moving average of $3.07.

HIVE Blockchain Technologies Company Profile

(Get Free Report)

HIVE Blockchain Technologies Ltd., now operating as HIVE Digital Technologies Ltd., is a digital-asset infrastructure company focused primarily on cryptocurrency mining and data-center operations. The company uses specialized computing equipment to mine Bitcoin and has emphasized the use of renewable and low-carbon energy sources in its operations.

Founded in 2017, HIVE was among the first publicly traded cryptocurrency-mining companies. Historically, it developed and operated data centers in Canada, Sweden and Iceland.

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