Split History
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HIVE Blockchain Technologies (HIVE) has 2 splits in our HIVE split history database. The first split for HIVE took place on May 20, 2022. HIVE's second split took place on May 24, 2022. This was a 1 for 5 reverse split, meaning for each 5 shares of HIVE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as HIVE Blockchain Technologies conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the HIVE split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HIVE Blockchain Technologies shares, starting with a $10,000 purchase of HIVE, presented on a split-history-adjusted basis factoring in the complete HIVE split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 06/11/2013 | |
| End date: | 06/07/2023 | |
| Start price/share: | $0.10 | |
| End price/share: | $3.07 | |
| Dividends collected/share: | $0.00 | |
| Total return: | 2,970.00% | |
| Average Annual Total Return: | 40.86% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $306,945.71 | |
| Years: | 9.99 | |
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| About HIVE Blockchain Technologies |
| HIVE Blockchain Technologies is an exploration stage company. Co. is engaged in exploring mineral resource properties in Canada. Co. primarily focuses on gold and silver properties. According to our HIVE split history records, HIVE Blockchain Technologies has had 2 splits. |
| HIVE Split History Table | |
| Date | Ratio |
| 05/20/2022 | 1 for 1 |
| 05/24/2022 | 1 for 5 |
| Technology Stock Splits |
| HIVE is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
HLIT Split History Also explore: HIVE shares outstanding history
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