Share this article
Hive Blockchain Outperforms Crypto Miners as Ether Reaches All-Time High
Shares of the diversified crypto miner outperformed peers as ether hit a new record.
By Aoyon Ashraf
Updated May 11, 2023, 5:46 p.m. Published Oct 29, 2021, 2:53 p.m.
Hive Blockchain, which is among the largest publicly traded crypto miners of ether, outperformed its peers after the price of the native token of Ethereum, climbed to a record.
- Hive (NASDAQ: HIVE) shares rose almost 3% at 10 a.m. in New York, while its peers, which predominantly mine bitcoin, were mostly flat to negative on Friday.
- Among the publicly traded companies, the Canadian miner is most exposed to ether mining and also mines ethereum classic and bitcoin.
- Hive had about $63 million of ether, which is 77% of the digital currency holdings on its balance sheet, according to a June 30 quarterly filing. It also held $19 million of bitcoin, or 23% of its total holdings.
- However, the miner said on Friday that it’s investing more in bitcoin mining and ordered another 6,500 Avalon bitcoin mining machines from manufacturer Canaan.
- This new order will push Hive’s bitcoin mining capacity to 2 exahash per second by December and 3 EH/s by March 2022.
- Hive has gained about 92% this year, while ether has surged about 494% and bitcoin about 108%.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- 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.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
