HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF) (CVE:HIVE) is among the most interesting plays in the cryptocurrency sector. Interestingly, the stock serves as a proxy for accounts that don’t allow crypto trading like retirement.
The company deals with renewable energy, which is currently a hot market. Also, the company has a decentralized finance (DeFi) angle that could enhance its shareholder value.
The stock has experienced fast growth rising from just 9 cents at the beginning of 2020 to its 52-week high of $5.75 in February this year. The stock had since retraced and currently trades around $3. The green energy sector is prone to high volatility, and investors should be watchful. Most importantly, a small stake in the stock can yield considerable returns, but it could also backfire substantially.
HIVE engages in crypto mining, but it factors ESG factors, and it is committed to clean and sustainable crypto mining. The company conducts its mining activities in cold regions since it is power-efficient, making it cost-efficient. For investors interested in green energy plays then HIVE is a stock to watch.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.