Following its recent equity financing round, HIVE Blockchain Technologies (TSX.V:HIVE) has gone live on the TSX Venture Exchange under the ticker symbol ‘HIVE’. The group’s shares actively traded today on the TSX, part of its ongoing bid to grow its market presence and mining business.
The launch of its live share trading follows an equity financing round earlier this month that saw over $16.5 million raised. HIVE Blockchain also managed to close the acquisition from Genesis Mining. Its inclusion on the TSX Venture Exchange is noteworthy given the lack of blockchain and mining-focused companies currently trading on the exchange.
Harry Pokrandt, President, CEO and Director of HIVE, commented: “HIVE’s mission is to accelerate the blockchain sector through traditional capital markets and create long-term shareholder value. We are now focused on establishing a market presence and scaling our mining business.”
TSX Venture Exchange represents the group’s public venture capital marketplace for emerging and startup groups. In recent years the exchange has managed to swell in popularity amongst small and medium enterprises (SMEs) and other emergent companies.
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In tandem with its live share trading, HIVE Blockchain Technologies has also commenced with its mining operations following its closure of the aforementioned transaction. Since last Friday September 15, the group has been undergoing an aggressive mining initiative to accumulate cryptocurrency.
“Our facility provides us significant flexibility to mine multiple cryptocurrencies including, but not limited to, Ethereum, Monero and ZCash. We will continue to examine other alt-coins for potential opportunities,” added Mr. Pokrandt.
HIVE Blockchain’s efforts have also coincided with a new senior appointment, with Frank Holmes stepping into the role of non-executive chairman. Mr. Holmes presently serves as the founder and CEO of U.S. Global Investors, a venue focusing on asset management firm specializing in gold and emerging markets.
According to Mr. Holmes: “Blockchain technology has the potential to fundamentally improve transactions for all. HIVE’s partnership with Genesis provides immediate exposure to operating margins of crypto mining and a growing portfolio of coins. That makes this a unique global company out of the gate.”
“The concept with HIVE is to give Genesis a footprint outside of the cryptocurrency world and build a bridge from the blockchain space to traditional capital markets,” explained Marco Streng, co-founder and CEO of Genesis Group and an advisor to HIVE.