In a news release dated April 7, 2021, cryptocurrency miner
Hive Blockchain Technologies(TSXV:HIVE) revealed that its coin inventory value increase by 300% in just three short months. Hive stock investors will notice that the company’s cryptocurrency portfolio was only valued at US$15 million on December 31, 2020. That portfolio is now worth US$60 million as of March 31, 2021.
How did Hive increase its crypto stock inventory that fast?
New mining production, aided by rising prices in the respective cryptocurrencies helped increase the dollar value of Hive’s coin portfolio over the recent past quarter.
Hive’s cryptocurrency coin inventory grew significantly within the past three months.