Monday, August 25, 2025

Latest

Hive Blockchain, DeFi Technologies Complete Share Exchange

Hive Blockchain (TSXV: HIVE) has completed a previously announced share exchange agreement with that of DeFi Technologies (NEO: DEFI). The arrangement was conducted in relation to a partnership on decentralized finance.

Under the terms of the share exchange agreement, DeFi Technologies has issued 10,000,000 million common shares, or approximately 5% of its outstanding equity, to Hive Blockchain. In exchange, Hive has issued 4.0 million common shares, or approximately 1% of its outstanding equity, to DeFi.

The exchange was conducted as the two firms look to form a partnership focused on a decentralized finance ecosystem. Specific applications of the partnership include ethereum and the miner extractable value, or MEV, space. MEV refers to the amount of profit miners can extract from reordering and censoring transactions on the blockchain.

Decentralized finance, or DeFi as it is more commonly known, is believed to be one of the strongest demand drives for Ethereum, with the investment in DeFi Technologies reportedly giving the company a “double benefit” as technologies continue to develop.

Hive Blockchain last traded at $4.00 on the TSX Venture.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

GameStop Is Building An NFT Platform On Ethereum

GameStop (NYSE: GME) has announced that the company is creating a team for a non-fungible...

Wednesday, May 26, 2021, 11:29:51 AM

Bitcoin Plummets by Almost $10,000 in One Hour as Jerome Powell Turns Hawkish

The world’s largest cryptocurrency was sent sharply plummeting on Saturday, as turbulence from both the...

Sunday, December 5, 2021, 02:36:00 PM

DeFi Technologies Renews Share Buyback Plan To Purchase Up To 10% Of Public Float

DeFi Technologies (NEO: DEFI) is looking to give its share price a boost via a...

Friday, April 8, 2022, 08:13:36 AM

Hive Blockchain Announces Purchase of 4,180 Miners, Preliminary Quarterly Mining Results

Hive Blockchain (TSXV: HIVE) this morning announced that it is significantly improving its bitcoin mining...

Monday, January 4, 2021, 07:58:04 AM

Another Giant E&P Company Enters Bitcoin Mining Industry; Negative Margin Implications For Legacy Miners

Very uncharacteristically, Canadian Bitcoin mining stocks, such as Bitfarms Ltd. (TSXV: BITF), Hut 8 Mining...

Sunday, January 3, 2021, 01:30:00 PM