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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 get2terrapinon Nov 20, 2020 8:34pm
927 Views
Post# 31945873

RIOT news

RIOT news

Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs

As bitcoin continues surging toward record highs, bitcoin mining companies ride its coattails. 

Shares of the publicly traded bitcoin mining company Riot Blockchain rose 50% this week, trading hands just below $6.00 at week’s end. Bitcoin gained nearly 17% over the same period. 

Riot shares surged even higher in early hours Friday, reaching $6.60, a level not seen since early September 2018. 

CoinDesk reported that the Castle Rock, Colo.-based firm posted its lowest per share loss in Q3 since the company fully deployed its cryptocurrency mining infrastructure, over two years ago. 

Public mining companies like Riot that emphasize their bitcoin reserves have seen strongly positive reactions from the market, said Ethan Vera, co-founder of Seattle-based mining company Luxor Technology. “Companies that liquidate to fiat every day didn’t see as strong of gains,” he said.

Riot continues to outperform bitcoin through 2020, with investors enjoying a 390% year-to-date return compared to bitcoin’s 168% gain. 

The firm plans to continue expanding its already aggressively growing mining capacity through 2021 and beyond, reporting a 450% increase in hash power for Q3 over the same period in 2019, reaching 556 petahash per second (PH/s). 

“With the current market momentum many of the mining companies who have never broken a profit will likely report positive EBITDA heading into 2021,” Vera said.

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