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Riot Blockchain, Hive Outperform Crypto Miners as Bitcoin, Ether Rally
The two crypto miners are outperforming peers as bitcoin and ether trade near record levels.
By Aoyon Ashraf
Updated May 11, 2023, 5:49 p.m. Published Nov 9, 2021, 4:06 p.m.
Riot Blockchain and Hive Blockchain surged Tuesday, outperforming crypto mining peers at a time when bitcoin and ether, the native token for Ethereum, are near all-time highs.
- Shares of Riot climbed more than 6% as of 10:20 a.m. ET (19:00 UTC), while other bitcoin miners were mostly little changed as the price of bitcoin, the largest cryptocurrency by market capitalization, traded above $67,000.
- German miner Northern Data, which sold its Whinstone mining facility in Texas to Riot, surged in Europe after saying the company received auditor KPMG’s approval on its annual and consolidated financial statements for last year.
- Northern Data sold the facility to Riot in April and said it will own about 12% of Riot’s total outstanding common stock.
- According to a recent presentation by Northern Data, it has 1.25 million shares of Riot.
- Meanwhile, one of the biggest Ethereum miners, Hive, also rose 6% as ether touched an all-time high and traded near $4,800.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Pakistan, Binance Sign MOU to Explore Tokenization of $2B in State Assets: Reuters
The agreement comes as Pakistan accelerates the rollout of a formal crypto regulatory framework and explores blockchain-based distribution of government-owned assets.
What to know:
- Binance plans to tokenize up to $2 billion in bonds, treasury bills, and commodity reserves in Pakistan.
- The initiative is part of Pakistan's effort to use blockchain technology to attract foreign investment and enhance liquidity.
- Pakistan's regulatory actions align with global trends as countries like the UAE and Japan expand crypto exchange licensing rules.
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