Tag: Hive

Crypto Miner HIVE Requested for Resubmission of Form 40-F

by Blockchain News

Hive Blockchain Technologies Ltd, a Vancouver-based cryptocurrency mining company headquartered in Canada, said it received a letter from Nasdaq requesting the company to renew its annual report on Form 40-F (“Form 40-F”).

The letter reads, “due to delays in filing submit plans to meet exchange listing compliance”. Form 40-F includes audited financial statements, the chief executive officer and chief financial officer certification, management discussions, and analysis.

HIVE went public in 2017 and is currently listed on the Toronto exchange, Nasdaq, and Frankfurt stock exchange. The company expects to submit the relevant documents on July 15.

The delay in its annual report on Form 40-F, the company said, will face a shorter deadline for non-VC issuers in Canada due to its listing on U.S. exchanges.

HIVE did not attribute these factors to the recent cold winter in the cryptocurrency market and said it would hire more relevant employees to meet the reporting work that will be foreseen in the future.

The Nasdaq transaction noted that Hive Blockchain Technologies Ltd failed to comply with Nasdaq Listing Rule 5250(c)(1) of its timely filing of a 40-F.

The company is required to resubmit a planned report on pre-compliance with Rule 5250(c)(1) within 60 calendar days. If accepted, Nasdaq may grant the cryptocurrency miner up to 180 calendar days from the due date of its Form 40-F to regain compliance.

The crypto mining firm generates a daily income of $550,000 from its Bitcoin and Ethereum mining operations, which translates to approximately $200 million in annual revenue.

HIVE reported more than $68 million in revenue and more than $64 million in net profit in the third quarter of last year.

Currently, HIVE has a total Bitcoin operating hash rate of 925 PH/s. HIVE expects its hash rate to reach one exahash per second (EH/s) by August with the additional acquisition of mining machines.

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NSAV Partners with MNC to Launch First Multi-token Blockchain Home Mining Rig HIVE

by Blockchain News

Net Savings Link, Inc. (OTC Pink: NSAV), a technology services company for the digital asset industry, announced Thursday a partnership with Metaverse Network LLC (MNC) to release HIVE, the first multi-token-enabled blockchain home mining device.

MNC, a DApp converting diverse users into decentralized will be listed in New York in Q1 2022.

WY Cheung, CEO of MNC stated that:

“We are in talks with additional BTC and ETH physical mining farms, which are now planning to algorithmicize their hash rate and map it into the HIVE soon and expand our DECENTRALIZED ECOsystem This innovative Home Mining breakthrough will eventually be the new standard in the next level of Blockchain Ecology.”

The company claims that new mining developers can experience “1 DEVICE ALL MINE” (multi-chain mining) in their HIVE App version 2.0.

Users can subscribe to the cryptocurrencies listed in the Crypto Store of our HIVE App, and after selection, perform simultaneous mining, including centralized platform coins such as BNB, etc.

“We are delighted to announce this upgrade for HIVE and it will definitely place NSAV in the forefront of the innovative blockchain arena, whilst we are contributing to the Decentralized community with pioneering products like this,” says Senior Vice President of Cryptocurrency Operations from NSAV.

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Where’s the Crypto Market Heading as We Near 2022? Top Most Promising GameFi Tokens

by Blockchain News

Crypto investors who pinned their faith on the prediction that Bitcoin would soar to $100,000 by the year-end now have to reconcile themselves to the reality that there won’t be a Santa Claus rally before the year is out. After it went above $69K in November, Bitcoin’s price retraced greatly and is now struggling to hold above the 50K mark, pulling the rest of the cryptocurrencies along with it.  

However, technical analysis comes into play when we cannot see a clear trend and there are no strong fundamentals to help us make sense of how the market is going to behave.

There are often repetitive patterns in price fluctuations due to the psychology of the market, which is driven by emotions like fear or excitement. The technical analysis examines chart patterns to identify these emotions and subsequent market movements to discover trends. 

The cryptocurrency Fear & Greed Index fell to 27 a couple of days ago, but currently it stands at 40. Although it’s still a fear territory, this could be a solid buying opportunity. 

Source: Alternative.me

The current BTC price pattern resembles that of the consolidation phase we witnessed from May to July 2021. The weakness is likely to last until about early January or late February 2022, and then we might see a BTC rally that will take it to new heights, with ripple effects on the rest of the top cryptocurrencies.

Source: TradingView 

Meanwhile, the $68 billion GameFi industry, which is a hybrid of blockchain gaming and DeFi, is on the rise and is expected to continue its rapid growth in 2022 even amid a sour mood in the wider crypto market.

As of now, the majority of wallets in existence — 1.12 million — are connected to blockchain games.

Source: DappRadar 

The play-to-earn segment has been boosted by the metaverse narrative, allowing players to earn tokens for their gaming activities, which can be used to purchase in-game assets, or traded for other cryptocurrencies or fiat on exchanges. 

GameFi games can be categorized into two types:


  • Liquid mining games


  • Games based entirely on mining

In liquid mining games, users must pledge tokens or NFTs before they can begin gameplay, whereas in the second game type, players can begin immediately and receive game props or NFT equipment which can be sold at a profit.

In order for a GameFi project to succeed, it is critical that the number of active crypto wallets continues to grow, as well as the volume of transactions and the value of the game. 

Following are the top DApps in the Games category, ranked by unique wallet addresses, which continue to increase, so it makes sense that the tokens that power them would also thrive.

Splinterlands is the most popular game, with 315,447 unique wallet addresses interacting with its smart contracts over the past 30 days, and a total asset value of $664,862.

It is a collectible trading card game, with cards acting as non-financial tokens and its design reminiscent of Pokemon cards and World of Warcraft characters. 

Throughout the game, a mystical world is revealed through a great deal of storytelling. This game is built on the Steem blockchain and offers high-speed transactions. Although Splinterlands is based on the HIVE blockchain, Splinterlands’ tokenized assets can be transferred to the WAX blockchain by means of the Splinterlands WAX bridge. 

As of now, its SPS token is priced at $0.221667 and is not soaring due to the weak overall market, but the popularity of the project could lead to strong gains next year. 

Source: CoinGecko 

DeFi Kingdoms (JEWEL)

DeFi Kingdoms is a game, DEX, liquidity pool, and a market for rare utility-driven NFTs, all done in nostalgia-inducing fantasy pixel art.

The number of unique wallet addresses interacting with DeFi Kingdom’s smart contracts over the past 30 days reached 286,539, a whopping 439% increase from the previous month. 

Its JEWEL token traded at $14.95 at the time of writing, up 21% for the past 7 days, and posting a 94% rise month-on-month.  

Source: CoinGecko 

MOBOX: NFT Farmer (MBOX)

This gaming platform combines yield farming and farming NFTs to create a free-to-play and play-to-earn model. The game had 200,916 unique wallet addresses in the past 30 days, up 30% from the previous month, and a balance of $175,456,016.93

As of last check, MBOX token was trading at $6.12, up 6.3% over the past 24 hours and up 19% over the past 7 days. 

Source: CoinGecko 

X World Games (XWG) 

X World Games is a themed gaming DApp on the BSC network that has an NFT marketplace. In addition to enhanced gameplay and earning mechanisms, players can acquire NFT assets which is expected to benefit them with long-term revenues generated through the game’s playing volume.

Its user base has increased by 159.72% over the past 30 days to 180,112 and the total value of assets in the DApp’s smart contracts came in at $2,909,449.32. 

The project’s XWG token traded at $0.0969 at the time of writing.  

Source: CoinGecko 

P.S. This article was initially published by Cointelegraph Brazil. 

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Retail Giant Media Markt Hit With $50,000,000 Bitcoin Ransomware Demand in Alleged Attack: Report

by Dailyhodl

Europe’s largest consumer electronics chain is being targeted in a ransomware attack demanding tens of millions of dollars worth of Bitcoin (BTC).

According to BleepingComputer, German-based retailer Media Markt is the victim of a scam where bad actors stole its data and initially demanded nearly a quarter of a billion dollars worth of BTC.

The attack, which was allegedly initiated by international hacking group Hive on Sunday night, saw fraudsters encrypt all of the company’s data which then prompted a shutdown of its IT systems. The group then demanded $240 million in BTC as ransom in exchange for a file decryptor.

However, the ransom amount was then reportedly reduced to $50 million.

In a statement given to BleepingComputer, Media Markt says,

“The MediaMarktSaturn Retail Group and its national organizations became the target of a cyberattack. The company immediately informed the relevant authorities and is working at full speed to identify the affected systems and repair any damage caused as quickly as possible…

MediaMarktSaturn continues to be available to its customers via all sales channels and is working intensively to ensure that all services will be available again without restriction as soon as possible.”

The cyberattack comes after Hive allegedly targeted Memorial Health System in August, prompting the Federal Bureau of Investigation (FBI) to issue a warning about the ransomware gang.

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HIVE Purchases Additional 4,000 New Bitcoin Mining Machines

by Blockchain News

Public Canadian crypto mining firm HIVE Blockchain has ordered 4,000 Bitcoin mining machines from Canaan Inc.- China’s Bitcoin mining hardware manufacturer.

Canaan Inc. talked about the purchase and stated that the aggregate operating hash rate of the 4,000 machines is 272 petahash per second (PH/s). Canaan further mentioned that it expects to ship the machines to HIVE Blockchain in two batches over the next 60 days – 2,000 machines each in August and September.

The order is an addition to HIVE’s previous order made earlier this year for 6,400 Canaan AvalonMiner 1246 Miners with an aggregate operating hash power of 576 PH/s.

Currently, HIVE has a total Bitcoin operating hash rate of 925 PH/s. HIVE expects its hash rate to reach one exahash per second (EH/s) by August with the additional acquisition of mining machines.

It is not hard to understand why HIVE has placed orders to expand its crypto mining operations. The Vancouver-based firm has other mining facilities in Iceland and Sweden. The crypto mining firm wants to be successful in enhancing its crypto production and making more revenues.

HIVE went public in 2017 and is currently listed in the Toronto exchange, Nasdaq, and Frankfurt stock exchange. The crypto mining firm generates a daily income of $550,000 from its Bitcoin and Ethereum mining operations, which translates to approximately $200 million annual revenue. The company stated that it plans to continue using cash flow to buy more machines to increase its revenues.

Crypto Mining Machines See Surging Demand

Driven by the continuous rise of crypto prices, major mining machine manufacturers have had a tight production schedule with orders valued at hundreds of millions of dollars coming in, mainly from Canada and the US.

The increasing demand for Bitcoins has led to a surge in orders from crypto mining machines, and Chinese firms are taking the lead in global supply chain production.  

Canaan Inc., one of the world’s biggest mining hardware manufacturers, has seen an increase in orders since last year, with Central Asia and North America being the major sources of the surge in demand.

In early this year, Canaan Inc. signed an advance order for 6,000 mining machines with Core Scientific, a US crypto mining giant, and 6,400 mining machines with HIVE Blockchain, a Canadian-based mining firm.

The clients are mostly overseas-listed firms, fund-backed companies, and multinational companies.

Bitmain, another China’s Bitcoin mining hardware manufacturer, also confirmed the surging demand, stating that most of its mining machines have been sold out and is working on more production.

Market players believe that the key reason for the recent increased demand for Bitcoin and other cryptocurrencies are the excess liquidity created by ultra-loose fiscal and monetary policies across the world.

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Green energy-focused Bitcoin miner Hive joins North American mining pool

by Cointelegraph

Following its approval for a Nasdaq listing, Canadian Hive Blockchain Technologies has bought more than 3,000 Bitcoin (BTC) mining rigs to get involved in the Bitcoin mining shift from east to west.

Purchased from Digital Currency Group (DCG) subsidiary Foundry Digital LLC, the 3,019 MicroBT M30S miners acquired as part of the deal are already located at Hive’s facilities in Lachute, Quebec and Grand Falls, New Brunswick. Foundry will be issued cash and 1.5 million warrants of Hive, according to an official announcement.

Hive’s new hash power will join the Foundry USA Pool, which includes Blockcap, Hut8, Bitfarms and Foundry as participants.

Noting the massive migration of mining power from China to the U.S. and Canada, Hive executive chairman Frank Holmes said that the firm’s entry into a North American mining pool furthers the company’s goal of increased transparency and accountability with its partners.

“We are excited to have Hive as a partner for the Foundry USA Pool as we continue playing our part in securing the global bitcoin mining network, ”Foundry CEO Mike Colyer added.

Related: Hive Blockchain Technologies approved for Nasdaq listing

The announcement says that the addition of the new miners would add an aggregate hash power of 264 petahash per second (PH/s), increasing Hive’s overall Bitcoin operating hash rate by 46% to approximately 830 PH/s. Based on the current difficulty and Bitcoin price, the newly enhanced mining setup would generate an additional $80,000 in daily income for Hive.

Hive is known for its green energy-based mining efforts.  The company has green energy-powered data center facilities in Canada, Sweden and Iceland. It recently sold its Norwegian operations due to legislative challenges.