Hive Digital Technologies (HIVE) was the first publicly traded Bitcoin miner in 2017 and has now pivoted into high-performance computing (HPC). Hive aims for a $100 million annual run rate for its HPC business next year as they ring the closing bell at Nasdaq, discussed with their Executive Chairman and CEO.

Hive’s HPC business has grown to a $20 million annual run rate and is projected to increase significantly by early next year. Despite profitable Bitcoin mining operations, Hive has diversified to respond to Bitcoin halvings, acquiring a site near Toronto for HPC capacity expansion.

Citadel Securities warns the SEC against fast-tracking tokenization regulations, urging caution to avoid creating regulatory loopholes. They emphasize the importance of delivering real innovation in tokenized securities and caution that tokenization could drain liquidity from the broader stock market.

Crypto entrepreneur David Bailey, Trump’s Bitcoin mentor, has seen his hedge fund, 210k Capital, achieve a 640% return over 12 months. The fund’s success is attributed to investments in Bitcoin treasury companies, with plans to expand its portfolio with 30 more Bitcoin proxy company investments.

BitGo has confidentially filed for a US IPO, signaling the continued push of digital asset firms towards public markets. The crypto custodian’s assets under custody have surged to $100 billion from $60 billion this year. BitGo is also seeking a bank charter, aligning with other US-based crypto firms.

Read more at Cointelegraph: Hive Digital Technologies Rings Nasdaq Closing Bell, Eyes $100M HPC Growth