Tuesday, October 7, 2025

Latest

Hive Blockchain To Consolidate Shares At 5 To 1 Basis

Hive Blockchain (TSXV: HIVE) is looking to reduce its outstanding share count after reportedly holding multiple discussions with shareholders. The firm last night indicated that it intends to conduct a share consolidation.

The company intends to conduct a five to one share consolidation, which will see its 411.2 million outstanding common shares reduced down to 82.2 million. The company has also indicated it does not intend to change its name in connection with the consolidation.

The share consolidation is expected to take effect as of May 20 on both the Toronto Stock Exchange and the Nasdaq.

“Even though HIVE has a higher market capitalization than many of our peers, and stronger fundamentals as measured by Price/Earnings ratios, revenue per employee and debt to equity ratios, the increased share price creates more institutional visibility because many of their fundamental screens exclude stocks under $5 a share,” commented CEO Frank Holmes on the announcement.

Hive Blockchain last traded at $1.55 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Hive Blockchain Acquires 50 MW Atlantic Canada Crypto Mining Operation

Hive Blockchain (TSXV: HIVE) continued its operational development this morning, announced that it has signed...

Thursday, February 25, 2021, 07:36:41 AM

Energy Giants Look To Move Into Cryptocurrency Space, Pressuring Miners

In late August 2020, international energy giant Equinor ASA (NYSE: EQNR) reportedly decided to partner...

Monday, September 28, 2020, 02:09:00 PM

Hive Blockchain Produces 425 Bitcoin Equivalent In January 2022

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) shared today its production results for January 2022. The...

Friday, February 4, 2022, 09:36:00 AM

Hive Blockchain Exceeds 1 Exahash Per Second In Bitcoin Mining

As it had announced earlier this month, HIVE Blockchain Technologies Ltd. (TSXV: HIVE) shared that...

Friday, August 27, 2021, 07:33:00 AM

HIVE Blockchain: Highlights from the Latest Financials

It is widely viewed that when it comes to the blockchain sector, HIVE Blockchain Technologies...

Thursday, March 1, 2018, 07:00:05 AM