HIVE Digital Technologies Ltd. Common Shares (HIVE)
HIVE Digital Technologies Ltd. is a company that specializes in cryptocurrency mining and digital asset infrastructure. It operates mining facilities and provides services related to blockchain technology, leveraging renewable energy sources for its operations. HIVE is involved in the development and management of blockchain-related infrastructure, aiming to capitalize on the growth of digital currencies and decentralized networks.
Company News
Cryptocurrency markets experienced a significant downturn, with Bitcoin, Ethereum, and XRP dropping sharply, causing crypto-linked stocks to tumble amid rising U.S. Treasury yields and risk-off market sentiment.
The article discusses the impact of the tariff war on cryptocurrencies, with Bitcoin being more resilient than other cryptos due to its perceived role as an inflation hedge. It also highlights the potential opportunities in 'made-in-America' cryptocurrencies and the importance of understanding the location of Bitcoin mining operations.
Rithm Capital Corp. (RITM) has gained 15% in the past year, outperforming the industry. Its asset management business expansion, acquisition of customer loans, and focus on growing profitability of its Newrez business are aiding the company. However, the company's high debt levels and negative free cash flow are risks to consider.
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CleanSpark is ranked as the top Bitcoin mining company, with low valuation ratios and strong growth metrics. Find out why CLSK is a Buy.
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