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HIVE Digital Technologies Ltd. V.HIVE

Alternate Symbol(s):  HIVE

Technology Software - Application Blockchain
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

HIVE Digital Technologies Ltd. > WEBCAST NOTES...VERY VERY POSITIVE
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Comment by Waxwingon Dec 02, 2020 10:11am
98 Views
Post# 32017289

RE:WEBCAST NOTES...VERY VERY POSITIVE

RE:WEBCAST NOTES...VERY VERY POSITIVEAwesome recap! Thanks as I missed it.

slickk wrote:
  • HIVE made a major move into profitabilty
  • HIVE stock price appreciating much faster than price increase of ETH
  • made majot cuts to operational expenses to increase profitability
  • secured low energy mw costs and contracts
  • will be mining more coins with add on of machines
  • newer and more powerful machines will have competitors disappear as they cannot afford to upgrade CPUs
  • computer hardware and upgrades will be hard to get going forward...HIVE is all ready to ramp up production 
  • gross profits went from -$0.6 million to +$9.21 million  
  • mgt feels ETH will catch up to Bitcoin (ETH all time highs were $1400)...currenty at $600
  • HIVE to aim to OWN all their data centres
  • HIVE investing for GROWTH
  • HIVE manages crypto risk by selling coins when crypto has big run up
  • holds all crypto in cold wallets....looking to use FIREBLOCKS as well (Fidelity uses them) as they have incredible security and controls


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