Riding out the crypto bear market

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Riding out the crypto bear market

In September of 2017, HIVE Blockchain Technologies went public on the Toronto Venture Exchange. The company was the first cryptocurrency miner to do so in North America, and it was no small feat navigating the regulatory aspects of such trailblazing.The price of Bitcoin would fall from a 2017 high of near $20,000, to down around $3,200 in late 2018. Ethereum fell from over $1,300 in early 2018 to less than $100 by December of ‘18. Most"altcoins" fell even more.

Starting in 2020, we invested heavily in Bitcoin mining, purchasing two major mining campuses located in Canada. In December of 2022, HIVE produced 213.8 Bitcoins. HIVE also earned USD $3.15 million in income from our energy price hedging and grid balancing strategy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold prices seeing their best start to the year since 2012, flirting with a technical bull marketKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices Schuldensuehner GoldTelegraph_ WallStreetSilv jimcramer 🦉⚖️⚔️
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »