Stock Track | Hive Blockchain Soars 6.25% as Mining Capacity Expands and Crypto Market Rally

Stock Track11-21 22:36

Hive Blockchain Technologies Ltd. (HIVE) saw its stock soar 6.25% in premarket trading on Thursday, outperforming the broader market. The surge in Hive Blockchain's shares can be attributed to two key factors:

Firstly, the company announced a significant expansion of its mining capacity through the acquisition of additional mining rigs. This strategic move to bolster its mining operations is expected to increase Hive's cryptocurrency production and revenue, driving investor confidence and demand for the stock.

Additionally, the overall crypto market witnessed a bullish rally, with Bitcoin surging to a new all-time high above $98,000. This rally was fueled by the launch of spot Bitcoin ETFs and options trading, as well as the positive sentiment surrounding President-elect Donald Trump's pro-crypto policies and cabinet nominations. The broader crypto market's momentum may have spilled over to Hive Blockchain, further contributing to the stock's upward movement.

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(HIVE) saw its stock soar 6.25% in premarket trading on Thursday, outperforming the broader market. The surge in Hive Blockchain's shares can be attributed to two key...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HIVE","symbol_name":"Hive Blockchain","start_time":0,"source_url":"","article_id":"1157445942","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157445942","pubTimestamp":1732199798,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hive Blockchain Technologies Ltd.  saw its stock soar 6.25% in premarket trading on Thursday, outperforming the broader market. 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