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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 25, 2019 12:46pm
123 Views
Post# 29959748

RE:RE:Bad Timining

RE:RE:Bad TiminingIf the rigs have a book value of zero, it doesn't mean that the rigs aren't functional. I dont know enough about blockchain mining to guesstimate at what rate they will be mining coins compared to today. However, if they are mining half as efficiently as they are today, then they would be in an equal position financially because there will be no depreciation on the books (which is half of their COGS in Q3). I also heard an interview with frank holmes from a few months ago which indicated that there would be alternate uses for the machines once they become obsolete for mining purposes so at a minimum they could be sold off at a gain (since they have no book value) or offered up as a service provider for other non-crypto mining purposes.

I don't believe you are correct when you say that ETH needs to be multiples of the price here in order to survive. The current price of Ethereum, coupled with the drop in energy prices in the countries Hive has operations already puts Hive at close to breakeven.  
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