Hive Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0.F), a pioneer in sustainable blockchain infrastructure, witnessed a significant 6.36% surge in its stock price during the intraday trading session on Monday.

The rally appears to be fueled by the company's recent announcement regarding its innovative green energy strategy and the positive endorsements received from leading independent proxy advisory firms, Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co.

According to the press release, HIVE's commitment to leveraging renewable energy sources and prioritizing high cash flow returns has positioned the company as a leader in efficient Bitcoin mining operations. Additionally, HIVE has doubled the Bitcoin holdings on its balance sheet while simultaneously advancing its AI strategy with cutting-edge NVIDIA chips.

The recommendations from ISS and Glass Lewis for shareholders to vote "FOR" all proposed resolutions at the upcoming Annual General and Special Meeting on December 11, 2024, have further bolstered investor confidence in the company's strategic direction and alignment with long-term shareholder interests.

Frank Holmes, Executive Chairman of HIVE, expressed gratitude for the endorsements, stating that the recommendations "highlight the alignment of HIVE's strategy with the long-term interests of our shareholders" and "further validate our commitment to sustainable growth and shareholder value."