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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 canadiangunner1on Sep 14, 2020 8:14pm
291 Views
Post# 31557636

RE:RE:RE:Here is it..

RE:RE:RE:Here is it..Scary read is the MD&A, a few things buried that could cause big issues:

1. Sweden issues with VAT are so bad that Sweden is not being invested in and might becom unprofitable which is very concerning. This is a big red flag!!
2. Genesis and HIVE are back in legal dispute and Genesis is seeking payments for unpaid invoices. A royal mess up by Frankie here that not only did he get hose by them on operating costs, build out costs and had to write-off 185M, couldn't get a penny out of Genesis for over charging us, now genesis wants us to pay for further invoices lol. Any amateur lawyer would have out a full release in any settlement. This is very concerning and shows how badly frank managed this
3. Kolos looks done. They need to raise 22M before March or they lose title. They also haven't paid debt holders what they owed and could face legal issues.

yes great that crypto has increased in value but a whole host of terribly managed pieces by management. Devil is in the detail here. 
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