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HIVE Digital Technologies Ltd V.HIVE

Alternate Symbol(s):  HIVE

HIVE Digital Technologies Ltd. is a Canada-based cryptocurrency mining company that focus on sustainable green energy. The Company is engaged in building a bridge between the digital currency and blockchain sector and traditional capital markets. It owns and operates predominantly green energy powered data center facilities in Canada, Sweden, and Iceland. It also owns hard assets such as data centers and advanced multi-use servers. It operates a fleet of approximately 38,000 commercial-grade NVIDIA graphic processing units (GPUs). Its 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. The Company, through its subsidiary HIVE Performance Computing Ltd., is building HIVE Cloud, an enterprise-grade GPU Cloud service for demanding applications including AI training and inference. It operates over 100 MW of data centers in Canada and 46 MW in Iceland and Sweden.


TSXV:HIVE - Post by User

Post by realtyon Jun 01, 2018 2:52pm
188 Views
Post# 28112842

I am out and this is the reason why

I am out and this is the reason whyI just sold a significant investment of this stock today and this is why. Since December 2017, mining coins has gotten three times as difficult. Since May of 2017 it has gotten six times as difficult. Think about that for a second and do the math. Since December 2017, for a miner, you will need three times the amount of equipment today to make what you did six months ago in December 2017. The only other way to counter this effect is for coin prices to have tripled over the last six months, which they actually have been divided by a third instead. So even if Hive keeps growing, it will be a challenge to keep up with the ever increasing difficulty to mine as more mining companies come on line. Eventually, they will make less than they did the previous quarter and it will all be downhill from there. They wont be able to stay ahead of the curve. Either they have to build astronomically quick and faster than the difficulty increases or the price of coins have to go up multiple times. Blockchain is a great new discovery, but the money will be made in other places and companies going forward very soon. Its just simple math. Realty
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