Post by
sthinei on Jul 29, 2021 10:12am
Hive will blowout numbers
Hive is due to report earnings soon. They should be blow out numbers. Why last reported qtr was the December qtr. Company is not well followed by analysts. In December 2020 qtr ETH was ranging from 300 to 975. In March qtr ranged from 1000 to 2000. In december qtr they had 13.7 million in revs. I am unsure what avg price they got for eth but let's assume a mid range of 700. Mid range in March qtr would be 1500 more than double. In addition to that eth peaked at 4000 after the qtr ended so guidance should be good as well. This does not even take into consideration their btc mining and increased production capacity. In addition to that they shut down their cloud mining of btc in qtr 3 of 2020 which actually encompasses sept to Dec 2019 because it was unprofitable and went to mining with physical rigs but outside of the cloud. Then ramped back up cloud mining as btc pricing improved in early 2020. Income in 2020 q4 which ended March 31 2020 was only $3 million because of some of these issues. They will blow that away. They are mining over 20k eth a qtr and over 200 btc. 20k eth @ 2k is $40 million and 200 btc @ 30k is $6 million. I will estimate they come in around $37-43 million in income for this qtr 4 up from $3 million last year. That would be huge and the would be surpassing the entire fiscal year 2020 income which was $29 million in one qtr.
Comment by
Bac0n on Jul 29, 2021 10:19am
lol this account is a bot posting the same message over and over. hilarious *puffs cigar* -Bac0n
Comment by
greendaze on Jul 29, 2021 11:43am
Geez , that made me salivate . And , that Hive thirty second ad in my twitter feed this morning . Good one . Thanks sthinei.