$HIVE - A Conclusion to the Crypto Theme of 2023

An in-depth review of HIVE Digital Technologies, it's setup in 2023 and a conclusion on the 2023 Crypto & Bitcoin theme boom!

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Index:

• Historical Stock Analysis: Crypto Theme of 2023

  • MARA Holdings Inc. ( MARA 0.00%↑ )

  • Riot Platforms Inc. ( RIOT 0.00%↑ )

  • Bitfarms Ltd. ( BITF 0.00%↑ )

  • TeraWulf Inc ( WULF 0.00%↑ )

  • Bitdeer Technologies Holding Co ( BTDR 0.00%↑ )

  • HIVE Digital Technologies Ltd ( HIVE 0.00%↑ )

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This is an exclusive weekly post series in which I drill down into a historical theme in the markets and dissect the basket of momentum stocks related to that theme. The goal is to contextualize each example and place oneself back in that time period to remove as much hindsight bias as possible so that we can learn from past setups and apply them to future stocks!

Each example will go over a particular setup of a stock in the “hot” theme at the time. This is the last stock in the theme of 2023 cryptocurrency. Hopefully, after going through each ticker in this theme, it is clear that theme-based trading can be a useful tool to equip in your arsenal!

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Company Information:

Ticker: HIVE 0.00%↑

Company Name: HIVE Digital Technologies Ltd
Sector: Financials
Industry: Capital Markets
Market Cap (at time of setup): MicroCap ($50M-$300M)
Float (at time of setup): 84M

News Releases:

$HIVE - News Releases

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Theme and Trend Analysis:

• Week of June 12, 2023 - BlackRock (the largest asset management company in the world) filed an application for what would be the first-ever spot Bitcoin ETF in the U.S. The application came a week after the SEC sued two of the biggest crypto exchanges, Binance and Coinbase.