HIVE Blockchain Continues Its Bitcoin Mining Momentum by Purchasing 6,400 Canaan Avalon Next Generation Miners to Expand Its Capacity to 1,229 PH/s in 2021 saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
HIVE Blockchain Announces Closing of USD $15 Million Convertible Debenture Private Placement pittsburghstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pittsburghstar.com Daily Mail and Mail on Sunday newspapers.
VANCOUVER, BC / ACCESSWIRE / January 12, 2021 / HIVE Blockchain Technologies Ltd. (TSXV:HIVE)(OTCQX:HVBTF)(FSE:HBF) (the "Company" or "HIVE") is pleased to announce it has closed its previously announced
Source: Shutterstock
Leading the way of the crypto mining stocks to buy is Riot Blockchain, which is based in Castle Rock, Colorado, and was founded in 2000. Its stock has a market capitalization of more than $1 billion. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020.
The company is investing in its bitcoin mining business expansion heavily as it announced “an expected 65% increase in bitcoin mining hash rate capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers from Bitmain Technologies Limited.”
Riot Blockchain and its stock could benefit from future expansion and upgrading mining operations. The company is unprofitable for the past three years and an increase in bitcoin price could be a key catalyst for profitability.