Summary
3.06 -0.11(-3.48%)06/28/2024
HIVE Blockchain Technologies Ltd (HIVE)
HIVE Blockchain Technologies Ltd (HIVE)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -3.48 | -2.52 | -39.45 | -6.91 | -39.92 | -6.63 | 0.00 | -82.41 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 3.06 | |
| Open | 3.20 | |
| High | 3.20 | |
| Low | 2.96 | |
| Volume | 3,899,000 | |
| Change | -0.11 | |
| Change % | -3.48 | |
| Avg Volume (20 Days) | 3,113,369 | |
| Volume/Avg Volume (20 Days) Ratio | 1.25 | |
| 52 Week Range | 2.20 - 6.84 | |
| Price vs 52 Week High | -55.26% | |
| Price vs 52 Week Low | 39.09% | |
| Range | 4.03 | |
| Gap Up/Down | -0.22 | |
Fundamentals | ||
| Market Capitalization (Mln) | 322 | |
| EBIDTA | 146,994,784 | |
| PE Ratio | 9.5000 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 0.00 | |
| Book Value | 0.6940 | |
| Earnings Per Share | 0.2700 | |
| EPS Estimate Current Quarter | 0.0000 | |
| EPS Estimate Next Quarter | 0.0000 | |
| EPS Estimate Current Year | 0.0000 | |
| EPS Estimate Next Year | 0.0000 | |
| Diluted EPS (TTM) | 0.2700 | |
| Revenues | ||
| Profit Marging | 0.7656 | |
| Operating Marging (TTM) | 0.9239 | |
| Return on asset (TTM) | 0.4331 | |
| Return on equity (TTM) | 0.6932 | |
| Revenue TTM | 136,986,912 | |
| Revenue per share TTM | 0.3750 | |
| Quarterly Revenue Growth (YOY) | 3.0510 | |
| Quarterly Earnings Growth (YOY) | 4.6250 | |
| Gross Profit (TTM) | 50,124,874 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 9.5000 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 4.1931 | |
| Revenue Enterprise Value | 6.1293 | |
| EBITDA Enterprise Value | 8.7760 | |
| Shares | ||
| Shares Outstanding | 388,651,008 | |
| Shares Float | 362,968,750 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 10.94 | |
| Institutions (%) | 9.84 | |
06/24 22:27 EST - newsfilecorp.com
HIVE Achieves Annual Revenue of $114.5 Million, Adjusted EBITDA of $37.5 Million with 2,287 Bitcoin on the Balance Sheet and Mined 3,123 Bitcoin for the Year Ended March 31, 2024
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd.
HIVE Achieves Annual Revenue of $114.5 Million, Adjusted EBITDA of $37.5 Million with 2,287 Bitcoin on the Balance Sheet and Mined 3,123 Bitcoin for the Year Ended March 31, 2024
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd.
06/24 06:00 EST - newsfilecorp.com
RETRANSMISSION: HIVE Digital Technologies to Release Fiscal Year 2024 Financial and Operational Results and Webcast on June 25, 2024
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a pioneer in green energy-powered blockchain infrastructure, is pleased to announce it will release its financial results for the fiscal year ended March 31, 2024, on Monday, June 24, 2024 after the market closes.
RETRANSMISSION: HIVE Digital Technologies to Release Fiscal Year 2024 Financial and Operational Results and Webcast on June 25, 2024
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a pioneer in green energy-powered blockchain infrastructure, is pleased to announce it will release its financial results for the fiscal year ended March 31, 2024, on Monday, June 24, 2024 after the market closes.
06/24 01:00 EST - newsfilecorp.com
HIVE Digital Technologies to Release Fiscal Year 2024 Financial and Operational Results and Webcast on June 25, 2024
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a pioneer in green energy-powered blockchain infrastructure, is pleased to announce it will release its financial results for the fiscal year ended March 31, 2024, on Monday, June 24, 2024 after the market closes.
HIVE Digital Technologies to Release Fiscal Year 2024 Financial and Operational Results and Webcast on June 25, 2024
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a pioneer in green energy-powered blockchain infrastructure, is pleased to announce it will release its financial results for the fiscal year ended March 31, 2024, on Monday, June 24, 2024 after the market closes.
06/20 09:01 EST - zacks.com
3 Crypto Stocks to Watch as Ethereum Rises on Regulatory Win
HIVE Digital (HIVE), CME Group (CME) and BlackRock (BLK) are three Ethereum-exposed stocks that should be tracked as the Bitcoin rival wins a compliance battle with the SEC.
3 Crypto Stocks to Watch as Ethereum Rises on Regulatory Win
HIVE Digital (HIVE), CME Group (CME) and BlackRock (BLK) are three Ethereum-exposed stocks that should be tracked as the Bitcoin rival wins a compliance battle with the SEC.
06/14 11:27 EST - proactiveinvestors.com
Hive Digital Technologies executive Frank Holmes talks profitability post Bitcoin halving
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has made significant strides in the cryptocurrency mining sector, as executive chairman Frank Holmes recently shared in an exclusive interview with Proactive. Highlighting the company's performance in May 2024, Holmes discussed Hive's achievement of mining 119 Bitcoin during the month, marking a 3% increase in its Bitcoin holdings to a total of 2,451 BTC.
Hive Digital Technologies executive Frank Holmes talks profitability post Bitcoin halving
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has made significant strides in the cryptocurrency mining sector, as executive chairman Frank Holmes recently shared in an exclusive interview with Proactive. Highlighting the company's performance in May 2024, Holmes discussed Hive's achievement of mining 119 Bitcoin during the month, marking a 3% increase in its Bitcoin holdings to a total of 2,451 BTC.
06/10 09:37 EST - proactiveinvestors.com
HIVE Digital Technologies “remained resilient” though Bitcoin halving, reports May mining results
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chair Frank Holmes told investors the company had successfully navigated the recent ‘Bitcoin Halving' event, which was its second. The ‘halving' is a hard-coded feature of Bitcoin that occurs approximately every four years (strictly speaking it happens after every 210,000 new bitcoin blocks are created).
HIVE Digital Technologies “remained resilient” though Bitcoin halving, reports May mining results
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chair Frank Holmes told investors the company had successfully navigated the recent ‘Bitcoin Halving' event, which was its second. The ‘halving' is a hard-coded feature of Bitcoin that occurs approximately every four years (strictly speaking it happens after every 210,000 new bitcoin blocks are created).
06/10 06:00 EST - newsfilecorp.com
RETRANSMISSION: HIVE Digital Announces May 2024 Bitcoin Production, HODL Grew 3% to 2,451 Bitcoins, Maintained Positive Operating Margin After April Halving and Announces the Acquisition of 1,000 New Bitmain S21 Pro Antminers
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - June 10, 2024) - HIVE Digital Technologies Ltd.
RETRANSMISSION: HIVE Digital Announces May 2024 Bitcoin Production, HODL Grew 3% to 2,451 Bitcoins, Maintained Positive Operating Margin After April Halving and Announces the Acquisition of 1,000 New Bitmain S21 Pro Antminers
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - June 10, 2024) - HIVE Digital Technologies Ltd.
06/10 01:00 EST - newsfilecorp.com
HIVE Digital Announces May 2024 Bitcoin Production, HODL Grew 3% to 2,451 Bitcoins, Maintained Positive Operating Margin After April Halving and Announces the Acquisition of 1,000 New Bitmain S21 Pro Antminers
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - June 10, 2024) - HIVE Digital Technologies Ltd.
HIVE Digital Announces May 2024 Bitcoin Production, HODL Grew 3% to 2,451 Bitcoins, Maintained Positive Operating Margin After April Halving and Announces the Acquisition of 1,000 New Bitmain S21 Pro Antminers
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - June 10, 2024) - HIVE Digital Technologies Ltd.
05/31 15:48 EST - youtube.com
Bitcoin miners are shifting to AI
CNBC's Mackenzie Sigalos joins 'Power Lunch' to discuss bitcoin miners getting into AI.
Bitcoin miners are shifting to AI
CNBC's Mackenzie Sigalos joins 'Power Lunch' to discuss bitcoin miners getting into AI.
05/20 01:03 EST - https://www.defenseworld.net
Financial Analysis: Burford Capital (NYSE:BUR) and HIVE Digital Technologies (NASDAQ:HIVE)
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) and Burford Capital (NYSE:BUR – Get Free Report) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, valuation, analyst recommendations, profitability, earnings, dividends and institutional ownership. Valuation and Earnings This table compares HIVE Digital Technologies and Burford Capital’s gross revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio HIVE Digital Technologies $106.32 million 2.47 -$236.42 million ($0.64) -3.81 Burford Capital $1.09 billion N/A $610.52 million $1.43 10.02 Burford Capital has higher revenue and earnings than HIVE Digital Technologies. HIVE Digital Technologies is trading at a lower price-to-earnings ratio than Burford Capital, indicating that it is currently the more affordable of the two stocks. Analyst Ratings This is a breakdown of current ratings and target prices for HIVE Digital Technologies and Burford Capital, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score HIVE Digital Technologies 0 1 2 0 2.67 Burford Capital 0 0 3 0 3.00 HIVE Digital Technologies presently has a consensus price target of $5.17, suggesting a potential upside of 111.75%. Burford Capital has a consensus price target of $19.00, suggesting a potential upside of 32.59%. Given HIVE Digital Technologies’ higher possible upside, equities analysts plainly believe HIVE Digital Technologies is more favorable than Burford Capital. Institutional & Insider Ownership 24.4% of HIVE Digital Technologies shares are owned by institutional investors. 9.4% of HIVE Digital Technologies shares are owned by company insiders. Comparatively, 0.2% of Burford Capital shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term. Profitability This table compares HIVE Digital Technologies and Burford Capital’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets HIVE Digital Technologies -57.15% -34.90% -26.36% Burford Capital 42.81% 10.61% 5.70% Summary Burford Capital beats HIVE Digital Technologies on 9 of the 12 factors compared between the two stocks. About HIVE Digital Technologies (Get Free Report) HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada. About Burford Capital (Get Free Report) Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced. The Asset Management and Other Services segment provides services to the legal industry, including litigation insurance. Burford Capital Limited was incorporated in 2009 and is based in Saint Peter Port, Guernsey.
Financial Analysis: Burford Capital (NYSE:BUR) and HIVE Digital Technologies (NASDAQ:HIVE)
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) and Burford Capital (NYSE:BUR – Get Free Report) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, valuation, analyst recommendations, profitability, earnings, dividends and institutional ownership. Valuation and Earnings This table compares HIVE Digital Technologies and Burford Capital’s gross revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio HIVE Digital Technologies $106.32 million 2.47 -$236.42 million ($0.64) -3.81 Burford Capital $1.09 billion N/A $610.52 million $1.43 10.02 Burford Capital has higher revenue and earnings than HIVE Digital Technologies. HIVE Digital Technologies is trading at a lower price-to-earnings ratio than Burford Capital, indicating that it is currently the more affordable of the two stocks. Analyst Ratings This is a breakdown of current ratings and target prices for HIVE Digital Technologies and Burford Capital, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score HIVE Digital Technologies 0 1 2 0 2.67 Burford Capital 0 0 3 0 3.00 HIVE Digital Technologies presently has a consensus price target of $5.17, suggesting a potential upside of 111.75%. Burford Capital has a consensus price target of $19.00, suggesting a potential upside of 32.59%. Given HIVE Digital Technologies’ higher possible upside, equities analysts plainly believe HIVE Digital Technologies is more favorable than Burford Capital. Institutional & Insider Ownership 24.4% of HIVE Digital Technologies shares are owned by institutional investors. 9.4% of HIVE Digital Technologies shares are owned by company insiders. Comparatively, 0.2% of Burford Capital shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term. Profitability This table compares HIVE Digital Technologies and Burford Capital’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets HIVE Digital Technologies -57.15% -34.90% -26.36% Burford Capital 42.81% 10.61% 5.70% Summary Burford Capital beats HIVE Digital Technologies on 9 of the 12 factors compared between the two stocks. About HIVE Digital Technologies (Get Free Report) HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada. About Burford Capital (Get Free Report) Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced. The Asset Management and Other Services segment provides services to the legal industry, including litigation insurance. Burford Capital Limited was incorporated in 2009 and is based in Saint Peter Port, Guernsey.
05/14 08:00 EST - marketbeat.com
Crypto Miners Strike Gold in AI: Stocks to Watch
The cryptocurrency mining sector was once a symbol of booming growth and rapid innovation, but it now faces a series of daunting challenges. Rising energy costs are squeezing profit margins, and recently, the Bitcoin halving event cut the rewards to mining companies in half.
Crypto Miners Strike Gold in AI: Stocks to Watch
The cryptocurrency mining sector was once a symbol of booming growth and rapid innovation, but it now faces a series of daunting challenges. Rising energy costs are squeezing profit margins, and recently, the Bitcoin halving event cut the rewards to mining companies in half.
05/08 08:18 EST - proactiveinvestors.com
HIVE Digital Technologies increases bitcoin stash by 4%, mining capacity surges 6%
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) Ltd mined 212 bitcoin in April, increasing its holdings to 2,377 bitcoin, reflecting a 4% growth from the previous month. The Toronto-listed bitcoin mining and data center company reported a significant increase in its mining capacity, closing April with five exahash per second (EH/s) in mining power, marking a 6% monthly increase.
HIVE Digital Technologies increases bitcoin stash by 4%, mining capacity surges 6%
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) Ltd mined 212 bitcoin in April, increasing its holdings to 2,377 bitcoin, reflecting a 4% growth from the previous month. The Toronto-listed bitcoin mining and data center company reported a significant increase in its mining capacity, closing April with five exahash per second (EH/s) in mining power, marking a 6% monthly increase.
05/08 06:00 EST - newsfilecorp.com
RETRANSMISSION: HIVE Digital Announces April 2024 Bitcoin Production with 5 Exahash and HODL Grown to 2,377 Bitcoin
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - HIVE Digital Technologies Ltd.
RETRANSMISSION: HIVE Digital Announces April 2024 Bitcoin Production with 5 Exahash and HODL Grown to 2,377 Bitcoin
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - HIVE Digital Technologies Ltd.
05/08 01:00 EST - newsfilecorp.com
HIVE Digital Announces April 2024 Bitcoin Production with 5 Exahash and HODL Grown to 2,377 Bitcoin
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - HIVE Digital Technologies Ltd.
HIVE Digital Announces April 2024 Bitcoin Production with 5 Exahash and HODL Grown to 2,377 Bitcoin
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - HIVE Digital Technologies Ltd.
05/03 11:41 EST - fool.com
After the Halving, Could These Under-the-Radar Bitcoin Mining Stocks Have a New Multimillion-Dollar Market Opportunity in Artificial Intelligence?
Bitcoin miners are facing a significant change to their overall business models given that the halving has slashed their mining rewards in half. To make up any revenue shortfall, smaller Bitcoin miners appear to be exploring a move into AI computing.
After the Halving, Could These Under-the-Radar Bitcoin Mining Stocks Have a New Multimillion-Dollar Market Opportunity in Artificial Intelligence?
Bitcoin miners are facing a significant change to their overall business models given that the halving has slashed their mining rewards in half. To make up any revenue shortfall, smaller Bitcoin miners appear to be exploring a move into AI computing.
04/23 09:51 EST - marketbeat.com
Beyond the Halving: The Future of Bitcoin Mining Stocks
Bitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity.
Beyond the Halving: The Future of Bitcoin Mining Stocks
Bitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity.
04/23 07:07 EST - investorplace.com
Halving Riches: The Top 3 Bitcoin Miners to Own in April
After Friday's “halving” event, which cut Bitcoin ( BTC-USD ) block rewards from 6.25 bitcoins to 3.125 bitcoins, miners are even more important to the cryptocurrency ecosystem. The three miners we'll explore are looking to improve their efficiency by updating their all-in sustaining costs (AISCs) and optimizing their firmware; they also come with upside potential going up to 127%.
Halving Riches: The Top 3 Bitcoin Miners to Own in April
After Friday's “halving” event, which cut Bitcoin ( BTC-USD ) block rewards from 6.25 bitcoins to 3.125 bitcoins, miners are even more important to the cryptocurrency ecosystem. The three miners we'll explore are looking to improve their efficiency by updating their all-in sustaining costs (AISCs) and optimizing their firmware; they also come with upside potential going up to 127%.
04/16 06:44 EST - proactiveinvestors.co.uk
Crypto miners have decoupled from bitcoin, but this presents opportunity
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC)'s respected chief executive Jamie Dimon may be something of a cryptocurrency permabear, but some analysts at the Wall Street institution have a positive read on the state of the bitcoin mining market right now. Bitcoins' price has taken a tumble recently, just as the hotly anticipated Halving event approaches later this week when bitcoin's distribution rate will be cut in half as part of a four-year cycle.
Crypto miners have decoupled from bitcoin, but this presents opportunity
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC)'s respected chief executive Jamie Dimon may be something of a cryptocurrency permabear, but some analysts at the Wall Street institution have a positive read on the state of the bitcoin mining market right now. Bitcoins' price has taken a tumble recently, just as the hotly anticipated Halving event approaches later this week when bitcoin's distribution rate will be cut in half as part of a four-year cycle.