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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

Comment by Oregonduckon Mar 02, 2019 6:06pm
57 Views
Post# 29433923

RE:RE:Funny Accounting ??

RE:RE:Funny Accounting ??
EuroTrashMan wrote: Hey Oregon,

they have a march 31 year end.  that is why this was Q3 2019 (fiscal, not calendar).

However, they have a very straightforward business.  You can track costs and revenues pretty much by the second online.  Yest they file their FS 1.5 hours before deadline.  Most file 2+ weeks before deadline.  Even real mingin companies that have very difficult costs to track.

I agree with you fully on blockchain vs crypto.  Problem is HIVE has NO blockchain tech.  NONE.  They have some dated gpus in iceland and sweden.  And then a bunch of cloud asics they rent from Genesis, at way above market prices, year to year.  If cryptos take off, so will the cloud mining costs when they renew at the end of the year.

Business is dead.   But I dont see much downside below 25 cents in short term .  Could probably liquidate today and get 20 cents a share........if in fact they hold that crypto..................





Oregonduck wrote:
According to the latest News Release March 1, 2019, they already put out Q1 2019, Q2 2019 & Q3 2019 numbers...They must have real foresights or fu#k-up accounting staff. They should just focus on blockchain & forget about investing in crytocurrencies. JP Morgan's Jamie Dimon slammed Cryto as a fraud, but high on blockchain technology. This Co. will be running out of money soon with its cash burn.




I have an MBA degree from Trump University Online...I still don't get it...The latest 9 months Q3 interim results ended is Dec. 31, 2018 where they lost $36.4 million (filed on March 1, 2019). . For the year-end March 31, 2019, they have 90 days to file an audited statement. After that year-end, the next reporting dates for the "New Year" are Q1 2019 (ending June 2019); Q2 (ending Sept. 2019); Q3 (ending Dec. 2019) and Q4 (ending March 2020). Those reporting events have not yet occurred.
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