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HIVE Digital Technologies Ltd. V.HIVE

Alternate Symbol(s):  HIVE

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

Comment by bennysauron Jul 03, 2019 2:16pm
194 Views
Post# 29884035

RE:Financials?

RE:Financials?As a reporting Issuer on the TSX Venture, they have 120 days after year-end (March 31, 2019) to report their audited annual results. Their operations should have been fully operational during the fourth quarter as the halt of mining operations occured in April 2019. It will be next quarter where the results will be especially bad (although this has largely been reflected already in the shareprice). For this quarter, we would expect an increase in revenues attributed to an increase in mining capacity added during Q3 (December 31, 2018), offset largely by a decline in crypto cyrrency prices during the quarter. I don't think we will be looking at any good looking statements until the quarter ended September 30, 2019, which they would be reporting in December 31, 2019. With that said, the poor results for this quarter and next are already largely reflected in the share price which has stayed unchanged (with lots of volatility) since they last reported on March 1, 2019 despite a significant increase in etherium and bit coin pricing since then (more than doubling). I do think that the results for Q3 will look good given 1.) the increase in Etherium and bitcoin prices (which will increase the value of the coin mined as well as the coin they have on hand 2.) Lower energy prices. Just my opinion, good luck fellow longs
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