Tuesday, July 29, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

This Bitcoin Miner from Wall Street Trades Canadian Roots for Texas Territory

by SB Crypto Guru News
December 31, 2024
in Crypto Updates
Reading Time: 2 mins read
0 0
A A
0


The
publicly listed Bitcoin (BTC) miner from Wall Street, HIVE Digital Technologies
(NASDAQ: HIVE)
announced today (Tuesday) its strategic decision to relocate its headquarters
from Vancouver, Canada to San Antonio, Texas, marking a shift in the company’s
operational focus toward the U.S. market.

HIVE Digital Technologies
Shifts Headquarters to Texas

The
blockchain infrastructure company’s move comes amid growing optimism about the
U.S. cryptocurrency sector under the incoming Trump administration, which has
signaled a more supportive stance toward digital asset innovation. The
relocation includes plans to transition to U.S. Generally Accepted Accounting
Principles (GAAP) reporting by March 2025.

“The
depth and breadth of U.S. capital markets are unparalleled and key to our
growth strategy,” said Frank Holmes, Executive Chairman of HIVE. “The
U.S. market, with its $40 trillion capitalization and daily trading volumes of
$500 billion, offers HIVE the liquidity, visibility, and valuation
opportunities we need to scale.”

Texas,
known for its business-friendly environment and robust energy infrastructure,
provides an ideal setting for Wall Street Bitcoin miners. The move is expected
to enhance HIVE’s access to capital markets and strengthen relationships with
U.S.-based investors and partners.

“Relocating
our head office to the U.S. and changing our reporting to US GAAP aligns
greatly with our strategic goals of operational efficiency, sustainability, and
expanding our market presence,” Darcy Daubaras, CFO of HIVE, added. “These
moves enhance our financial transparency and position us for long-term success
in the global market.”

While the
company’s headquarters will shift to San Antonio, HIVE’s CEO and CFO will
remain in Canada to ensure operational continuity. The company plans to hire an
Internal Auditor with Sarbanes-Oxley expertise in San Antonio to support U.S.
regulatory compliance efforts.

The
relocation is expected to boost trading liquidity and attract global investor
interest, particularly given the company’s enhanced presence in the U.S.
market. With data centers already operational in Canada, Sweden, and
upcoming facilities in Paraguay, HIVE continues to expand its global
footprint in digital asset mining and AI computing solutions.

Wall Street Bitcoin Miner
HIVE Expands Mining Fleet

HIVE
Digital Technologies announced last month a major expansion of its mining
operations. The
firm ordered 5,000 Avalon A15-194T ASIC miners from Canaan, representing
its second significant equipment acquisition within the same month. This move
comes as the company positions itself for potential growth amid
Bitcoin new all-time highs above $100,000.

With these
upgrades, HIVE expects its operational capacity to increase from 5.6 exahash
per second (EH/s) to 6.4 EH/s by the end of 2025. HIVE’s expansion reflects a
broader trend among publicly listed Bitcoin miners on Wall Street. Canaan, a
manufacturer of mining machines, recently
raised $30 million for investments, while MARA, the market’s largest miner,
secured
$850 million in interest-free funding and is planning substantial Bitcoin
purchases.

This article was written by Damian Chmiel at www.financemagnates.com.



Source link

Tags: BitcoinBitcoin NewsCanadianCrypto NewsCrypto UpdatesLatest News on CryptominerrootsSB Crypto Guru NewsStreetTerritoryTexasTradesWall
Previous Post

“Grand Finale” Is Around The Corner

Next Post

Bitget Launches GIGAUSDT Futures Trading with 50x Leverage

Related Posts

MARA Holdings Concludes 0 Million Raise To Increase Bitcoin Exposure – Details

MARA Holdings Concludes $950 Million Raise To Increase Bitcoin Exposure – Details

by SB Crypto Guru News
July 29, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin (BTC) mining juggernaut MARA Holdings today...

ASIC Slams Bitget for Unlicensed Crypto Futures Trading

ASIC Slams Bitget for Unlicensed Crypto Futures Trading

by SB Crypto Guru News
July 28, 2025
0

Enjoyed this article? Share it with your friends! Australia’s financial regulator has issued a warning to Bitget $4.81B for offering...

Jack Dorsey’s Messaging App Bitchat Goes Live in the Apple App Store

Jack Dorsey’s Messaging App Bitchat Goes Live in the Apple App Store

by SB Crypto Guru News
July 28, 2025
0

Former Twitter CEO Jack Dorsey, who now heads Bitcoin tech firm Block, announced on Monday that his messaging app Bitchat,...

39 Projects, Smart Contracts, and Strategic Shake-Up

39 Projects, Smart Contracts, and Strategic Shake-Up

by SB Crypto Guru News
July 28, 2025
0

Key Takeaways:Cardano Foundation DRep has completed voting on all 39 treasury withdrawal proposals worth 275 million ADA.Most proposals received “YES”,...

Shiba Inu Team Unveils New Developer Hub Updates — Here’s The 411

Shiba Inu Team Unveils New Developer Hub Updates — Here’s The 411

by SB Crypto Guru News
July 28, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Shiba Inu team has announced new...

Load More
Next Post
Bitget Launches GIGAUSDT Futures Trading with 50x Leverage

Bitget Launches GIGAUSDT Futures Trading with 50x Leverage

Hong Kong’s Mortgage Market Sees Uptick in November 2024

Hong Kong's Mortgage Market Sees Uptick in November 2024

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.