Hive Digital’s Chief Operating Officer Sells Company Stock

HIVE Digital's (NASDAQ: $HIVE) Chief Operating Officer (COO) Luke Rossy has been selling institution stock. 

Regulatory filings amusement the elder enforcement sold 66,700 shares of HIVE banal connected June 3 for proceeds of $304,819 U.S. 

The shares were sold astatine an mean terms of $4.57 U.S. each connected the unfastened market. 

More From Cryptoprowl:

• Ripple, The Company Behind XRP, Is Valued At $50 Billion

• Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge

• Blockchain Projects Decline 75% As Developers Shift To A.I.

• Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance

• New York Stock Exchange Invests $600 Million In Polymarket

The banal merchantability by Rossy comes aft HIVE's banal has astir doubled (up 97%) implicit the past year. The COO besides sold the banal conscionable earlier it dipped to its existent terms of $3.96 U.S. a share.

As a elder enforcement astatine HIVE Digital, Rossy has accumulated respective ample tranches of institution banal done a banal enactment and vesting program. 

Following the latest sale, Rossy continues to ain 215,000 communal shares of HIVE banal valued astatine $851,400 U.S. based connected the existent stock price. 

Rossy besides owns 630,000 restricted shares of HIVE banal that volition vest successful respective tranches betwixt present and March 2027. 

HIVE Digital precocious announced that its gross grew 158% year-over-year arsenic it shifts from being a Bitcoin (CRYPTO: $BTC) miner to a information centre operator.