Hive Digital Technologies (HIVE) has many first in the cryptographic industry. It was the first Bitcoin minor on the stock market in 2017 and one of the first to make a decisive pivot in high performance computer (HPC) in 2022.
Now Hive is back under the spotlight, referring to the closing bell on the Nasdaq stock market while looking at an annual execution rate of $ 100 million for its HPC activity by next year.
Cointtelegraph received an exclusive invitation to the Nasdaq event, where we sat with Executive President Frank Holmes and CEO Aydin Kilic. The two discussed the climbing of the mining industry “brings together for electricity and earth”, the role evolving Bitcoin (BTC) as a reserve asset, and the challenges of being still considered as a Bitcoin proxy stock in 2025.
This week’s crypto-biz begins with the Hive-Nasdaq milestone, then turned to the last warning of Citadel Securities to the American securities and exchange commission (SEC), and the rise of the American president of the American president Donald Trump. It ends with IPO Buzz, because another crypto-native company aims to become public.
Hive rings nasdaq cloling clach while accelerating HPC growth
HPC HPC activity has made significant progress since its first appearance in the company’s income statement in 2023. It now has an annual execution rate of $ 20 million, with projections to develop at the start of next year.
While Hive bitcoin extraction operations remain profitable, the company has actively diversified in response to successive Bitcoin hassle, which have grown more and more margins of minors. More recently, Hive has acquired a site near Toronto’s main airport, where he plans to add 7.2 megawatts of HPC capacity.
Despite this progress, the performance of Hive actions has not always reflected its operational success. According to Kilic and Holmes, this is largely due to the market which still considers Hive as a Bitcoin proxy actions – leaving it exposed to a feeling of investors.
Citadel warns the dry to move too quickly on tokenization
While the SEC in the United States is preparing to rationalize tokenization regulations, by potentially introducing an “innovation exemption”, Citadel Securities has urged prudence, warning against the too rapid and inadvertent displacement of the regulatory gaps.
“Tokenized titles must succeed by providing real innovation and efficiency to market players, rather than through selfish regulatory arbitration,” wrote Citadel Securities in a declaration to the working group on the Crypto de la SEC, examined by Bloomberg.
The marker also warned that the tokenization could weaken the larger stock market by draining liquidity and by creating “new inaccessible liquidity pools” for institutional investors.
These comments arise in the midst of increasing institutional support for space, the president of the SEC, Paul Atkins, recently expressed solid support for tokenization as an engine of financial innovation.
Trump’s Bitcoin mentor sees an increase in roofing funds after the election victory
Crypto entrepreneur David Bailey played a key role in moving Trump’s position on Bitcoin – and his hedge fund, 210K Capital, now harvested the awards.
During the 12 months until June, capital 210K gave an astonishing return of 640%, largely by investments in Bitcoin cash companies, according to Bloomberg.
Although Bloomberg did not specify the companies of the fund, the mother company of 210K Capital, UTXO Management, lists the exposure to the strategy, Metaplanet, Moon Inc., the smarter web company and other parts related to Bitcoin.
The general partner, Tyler Evans, said that the company now envisaged 30 additional investments in Bitcoin Proxy companies while seeking to extend its crypto -ordered wallet.
Bitgo files for the US IPO as the daycare increases
The Crypto Bitgo goalkeeper has tabled in a confidential manner to the SEC to continue a first public offer – another sign that digital asset companies are pursuing their thrust to public procurement.
In a press release on Monday, Bitgo confirmed that he had submitted a registration declaration project on the S-1 form for a proposed IPO of his ordinary class A shares. The details of the size and prices of the offer have not been disclosed.
This decision comes as BitGo’s daycare activities continue to develop rapidly. Since the start of the year, its assets in custody have increased to $ 100 billion, compared to $ 60 billion, according to Bloomberg.
Bitgo is also one of the few American cryptography companies selected in actively researching a banking charter, Cointelegraph reported in April.
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