Stock Track | HIVE Blockchain Soars in Pre-Market on Major Mining Rig Sale

Stock Track

Nov 11, 2024

Shares of HIVE Blockchain Technologies Ltd. (HIVE) surged 12.26% in pre-market trading on Sunday, following the announcement of a significant mining equipment sale to Canaan Inc. (CAN), a leading provider of high-performance computing solutions.

According to the deal, HIVE's Singapore subsidiary has agreed to sell 6,500 Avalon A1566 digital currency mining rigs to Canaan. The first batch of 500 machines has already been delivered and is scheduled for installation, while the remaining units will be shipped in four monthly installments from December through March.

This transaction represents a major milestone for HIVE, as it not only generates substantial revenue but also solidifies its position as a prominent player in the cryptocurrency mining industry. The sale underscores the growing demand for efficient and reliable mining hardware, as well as the confidence that established companies like Canaan have in HIVE's products and operations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1113706069"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1113706069\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1113706069?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-11 17:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1113706069","market":"hk","top_or_hot":-1,"title":"Stock Track | HIVE Blockchain Soars in Pre-Market on Major Mining Rig Sale","media":"Stock Track","content":"<p>Shares of HIVE Blockchain Technologies Ltd. (HIVE) surged 12.26% in pre-market trading on Sunday, following the announcement of a significant mining equipment sale to Canaan Inc. (CAN), a leading provider of high-performance computing solutions.</p>\n\n<p>According to the deal, HIVE's Singapore subsidiary has agreed to sell 6,500 Avalon A1566 digital currency mining rigs to Canaan. The first batch of 500 machines has already been delivered and is scheduled for installation, while the remaining units will be shipped in four monthly installments from December through March.</p>\n\n<p>This transaction represents a major milestone for HIVE, as it not only generates substantial revenue but also solidifies its position as a prominent player in the cryptocurrency mining industry. The sale underscores the growing demand for efficient and reliable mining hardware, as well as the confidence that established companies like Canaan have in HIVE's products and operations.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | HIVE Blockchain Soars in Pre-Market on Major Mining Rig Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | HIVE Blockchain Soars in Pre-Market on Major Mining Rig Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-11 17:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of HIVE Blockchain Technologies Ltd. (HIVE) surged 12.26% in pre-market trading on Sunday, following the announcement of a significant mining equipment sale to Canaan Inc. (CAN), a leading provider of high-performance computing solutions.</p>\n\n<p>According to the deal, HIVE's Singapore subsidiary has agreed to sell 6,500 Avalon A1566 digital currency mining rigs to Canaan. The first batch of 500 machines has already been delivered and is scheduled for installation, while the remaining units will be shipped in four monthly installments from December through March.</p>\n\n<p>This transaction represents a major milestone for HIVE, as it not only generates substantial revenue but also solidifies its position as a prominent player in the cryptocurrency mining industry. The sale underscores the growing demand for efficient and reliable mining hardware, as well as the confidence that established companies like Canaan have in HIVE's products and operations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HIVE","symbol_name":"HIVE Digital Technologies Ltd","start_time":0,"source_url":"","article_id":"1113706069","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113706069","pubTimestamp":1731318258,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of HIVE Blockchain Technologies Ltd.  surged 12.26% in pre-market trading on Sunday, following the announcement of a significant mining equipment sale to Canaan Inc. , a leading provider of high-performance computing solutions.According to the deal, HIVE's Singapore subsidiary has agreed to sell 6,500 Avalon A1566 digital currency mining rigs to Canaan. The first batch of 500 machines has already been delivered and is scheduled for installation, while the remaining units will be shipped i","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HIVE":"HIVE Digital Technologies Ltd"},"translate_title":"股票追踪HIVE区块链因大型采矿钻机销售而在盘前飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HIVE":1},"content_text":"Shares of HIVE Blockchain Technologies Ltd. (HIVE) surged 12.26% in pre-market trading on Sunday, following the announcement of a significant mining equipment sale to Canaan Inc. (CAN), a leading provider of high-performance computing solutions.\nAccording to the deal, HIVE's Singapore subsidiary has agreed to sell 6,500 Avalon A1566 digital currency mining rigs to Canaan. The first batch of 500 machines has already been delivered and is scheduled for installation, while the remaining units will be shipped in four monthly installments from December through March.\nThis transaction represents a major milestone for HIVE, as it not only generates substantial revenue but also solidifies its position as a prominent player in the cryptocurrency mining industry. The sale underscores the growing demand for efficient and reliable mining hardware, as well as the confidence that established companies like Canaan have in HIVE's products and operations.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}