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HIVE Digital Technologies Ltd. V.HIVE

Alternate Symbol(s):  HIVE | V.HIVE.W

HIVE Digital Technologies Ltd is a Canada-based data center company. The Company owns green energy-powered data center facilities in Canada, Sweden, and Iceland. The Company also builds and operates data centers in North America and Europe. Its hardware powers cutting-edge projects ranging from Web3 to AI and high-performance computing (HPC). It operates a fleet of approximately 38,000 commercial-grade NVIDIA graphic processing units (GPUs). The Company's GPU fleet includes 4,000+ NVIDIA A40s w/ 48 GB RAM, 400+ NVIDIA RTX A6000s w/ 48 GB RAM, 12,000+ NVIDIA RTX A5000s w/ 24 GB RAM and 20,000+ NVIDIA RTX A4000s w/ 16 GB RAM. It operates over 100 MW of data centers in Canada. The HIVE Cloud is an enterprise-class service offering affordable computers for demanding applications, including AI training and inference. It also operates 46 MW in Iceland and Sweden. It also operates a 30 MW data center in Lachute, Quebec and a 70 MW data center in New Brunswick.


TSXV:HIVE - Post by User

Post by realtyon Jun 01, 2018 2:52pm
186 Views
Post# 28112842

I am out and this is the reason why

I am out and this is the reason whyI just sold a significant investment of this stock today and this is why. Since December 2017, mining coins has gotten three times as difficult. Since May of 2017 it has gotten six times as difficult. Think about that for a second and do the math. Since December 2017, for a miner, you will need three times the amount of equipment today to make what you did six months ago in December 2017. The only other way to counter this effect is for coin prices to have tripled over the last six months, which they actually have been divided by a third instead. So even if Hive keeps growing, it will be a challenge to keep up with the ever increasing difficulty to mine as more mining companies come on line. Eventually, they will make less than they did the previous quarter and it will all be downhill from there. They wont be able to stay ahead of the curve. Either they have to build astronomically quick and faster than the difficulty increases or the price of coins have to go up multiple times. Blockchain is a great new discovery, but the money will be made in other places and companies going forward very soon. Its just simple math. Realty
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