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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 Max1617on Apr 25, 2020 4:21pm
186 Views
Post# 30953598

RE:Perfect Storm Brewing - Breaking 7600 resistance

RE:Perfect Storm Brewing - Breaking 7600 resistanceI realize Hive follows Bit Coin but the technicals for Hive are really positive.  What impresses me is the accumulation/distribution indicator.  It is tracking up with the RSI and share price.  This shows me people are holding onto their shares and not  selling when they gain some profit.   Friday was a good example of this. With these penny stocks Acum/Dist often tracks down when the share price goes up. I am not saying this will continue but I got in at .265. and there are probably many traders that have been in since the 15 cent mark.  So there will be some profit taking if this continues up.    It's nice when one makes their decision on technicals and research and it works out.  And yes bit Coin technicals are showing strength.  One can only wait and see what happens.  
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