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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

Post by Gatorbloodon Oct 17, 2020 2:59am
303 Views
Post# 31733669

Data which backs up the pump

Data which backs up the pumpLooking forward to Q2 (just considering ETH) -tldr PT min US$ 1.28 : 1. As at June 30, 2020, the Companys digital currencies consisted of the below digital currencies, with a fair value of $6,527,297 (5M is ETH, price ETH 30th June : 226; 5M/226 = 22k ETHs) 2. HIVE has thus far mined more than 32,000 Ethereum (and 121,000 Ethereum Classic) in the quarter from July 1 to September 30, 2020, based on the Companys preliminary unaudited results 3. Based on its operating and maintenance costs, the Companys current cost to mine Ethereum is approximately US$150, while the average price of Ethereum in the quarter ended September 30, 2020 has been US$343 ... Soooo they carried over 22k ETH * ('Eth 30 Sep = $360' - 'Eth 30jun = $226') which will either bump the revaluation or gain of sale figure by 3M and mined 32k ETH * ($343-$150) for gross profit of 6.2 M. If depreciation and expenses rose similar to eth output increase by 30%, they should be at ~3.7M (all d & e, incl btc &classic). That means we are looking at q2 net of 5.5M just for ETH , not considering the carry over of 1.2M BTC and Eth classic + whatever they mined of this in Q2... That would be a P/E ratio of 5 for ETH biz alone. Given P/E ratio of 20, PT is US$ 1.28 ... for ETH biz. CONCLUSION: The future is looking mighty bright.
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