Crypto Biz: Hive’s Nasdaq moment, Citadel’s tokenization warning and Trump’s Bitcoin bull
Hive Digital Technologies, the first publicly traded Bitcoin miner, marks a major milestone at Nasdaq as it accelerates its HPC expansion.
Hive Digital Technologies (HIVE) has many firsts in the crypto industry. It was the first publicly traded Bitcoin miner in 2017 and one of the earliest to make a decisive pivot into high-performance computing (HPC) in 2022.
Now, Hive is back in the spotlight, ringing the closing bell at the Nasdaq Stock Exchange as it eyes a $100 million annual run rate for its HPC business by next year.
Cointelegraph received an exclusive invitation to the Nasdaq event, where we sat down with Executive Chairman Frank Holmes and CEO Aydin Kilic. The two discussed the mining industry’s escalating “scramble for electricity and land,” Bitcoin’s (BTC) evolving role as a reserve asset, and the challenges of still being viewed as a Bitcoin proxy stock in 2025.
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