HIVE Blockchain Technologies (OTCMKTS:HVBTF) Shares Down 11.8% – What’s Next?

HIVE Blockchain Technologies Ltd. (OTCMKTS:HVBTFGet Free Report) shares dropped 11.8% during mid-day trading on Wednesday . The company traded as low as $2.45 and last traded at $2.46. Approximately 12,472,698 shares were traded during mid-day trading, an increase of 215% from the average daily volume of 3,960,986 shares. The stock had previously closed at $2.79.

HIVE Blockchain Technologies Trading Down 11.8%

The stock’s fifty day simple moving average is $3.06 and its 200 day simple moving average is $3.52.

HIVE Blockchain Technologies Company Profile

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HIVE Blockchain Technologies is a Canada-based blockchain infrastructure company that specializes in the mining and sale of digital currencies. The company is publicly traded on the TSX Venture Exchange and is cross-listed on the OTCMKTS under the symbol HVBTF. HIVE leverages high-performance computing hardware to validate transactions on major blockchain networks, with a focus on mining both Proof-of-Work and Proof-of-Stake cryptocurrencies.

HIVE operates a network of data centers across multiple jurisdictions, including facilities in Sweden, Iceland and Québec, Canada.

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