Is hive a Cryptocurrency?
Hive Blockchain is one rare publicly trading cryptocurrency miner with exposures to both Bitcoin and Ethereum economics.
Similarly, is hive a good investment?
Over time, you may even wish to dip a foot into other cryptocurrencies, meme coins, or crypto miners like HIVE stock, as long as you understand the stakes and are willing to risk 100% of your investment. ...
Besides, is hive overvalued?
PB vs Industry: HIVE is overvalued based on its PB Ratio (20x) compared to the CA Software industry average (7.4x).
Does hive own Bitcoin?
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.
HIVE is a partnership between Genesis Mining and Fiore Group to accelerate the development of the blockchain sector through traditional capital markets and develop the leading listed blockchain infrastructure company.
The latest stock analyst recommendation is SPECULATIVE BUY. Read the latest stock experts' ratings for HIVE Blockchain Technologies.
So, Bitcoin is still comparatively small. As the narrative around, and acceptance of, Bitcoin as digital gold grows, the network will store substantially more value. This translates to a higher price for Bitcoin since supply growth is capped at about 2% annually, and supply increases will further decline over time.”
If you would like to know where to buy Hyve, the top exchanges for trading in Hyve are currently Gate.io, Bilaxy, and Bithumb Global. You can find others listed on our crypto exchanges page.
Shares of HIVE and other Canadian stocks can be purchased through an online brokerage account.
Hive is not supported by Coinbase.
We like the fact that HIVE Blockchain Technologies made a profit of US$15.3m on its revenue of US$27.7m, in the last year. The chart below shows that revenue has improved over the last three years, and, even better, the company has moved from unprofitable to profitable.
After listing just a few months ago, Banxa stock has outperformed most other tech companies on the Canadian stock market. The stock is up 170% from late February. It's currently trading at an all-time high. Despite this runup, the stock seems fairly valued.