Significance of statement in recent news releaseSo for all those noobies who wonder why HIVE comntinues to issue float to raise funds instead of sell bticoin this statement in the recent funding news explains the strategy:
The Company anticipates the net proceeds of the Offering will be used to support the growth of its business including the expansion of data centers to utilize an additional 100 MW of green energy to add approximately 5 Exahash to HIVE's existing green Bitcoin mining footprint, as well as for working capital and general corporate purposes. HIVE also anticipates being able to HODL all its Bitcoin until the upcoming Halving.
The halving event looks to be occuring aroudn march of 2024. These halving events only occur once every 4 years and is followed by a SIGNIFICANT run up in the price/value of bitcoin. So HIVE is smart to continue to HODL it's assets until then.
GLTA and don't listen to the haters :P