Valkyrie Bitcoin Miners ETF (WGMI), which provides exposure to the bitcoin mining industry, more than doubled in the first month of 2023 and became the top-performing ETF of January.
Shares of the Chinese Bitcoin miner Riot Platforms (NASDAQ: RIOT) traded more than 10% higher earlier today. Shares of Hut 8 Mining Corp (NASDAQ: HUT) traded as much as 19% higher today but now only trade about 8% higher, while shares of HIVE Blockchain Technologies (NASDAQ: HIVE) were up about 14% but now are only up about 4.5%. Riot, Hut 8, and HIVE Blockchain are all Bitcoin miners, meaning their business model involves trying to mine as many Bitcoin as possible in the most efficient manner.
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated September 2, 2022 to its amended and restated short form base shelf prospectus dated January 4, 2022. Vancouver, British Columbia--(Newsfile Corp. - January 17, 2023) - HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBFA) (the "Company" or "HIVE") is pleased to announce today that the Board of Directors of the Company has appointed Mr. Aydin Kilic ...