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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 Oct 22, 2020 7:59pm
156 Views
Post# 31769234

RE:RE:RE:RE:RE:RE:RE:Still Following Crypto Markets

RE:RE:RE:RE:RE:RE:RE:Still Following Crypto Markets

No worries baseball here is my analysis once again as to why I believe hive isn't over a $1, where it should be given crypto prices. I'm sure you won't speak to any of these facts or acknowledge the issues but here it is:
1. hive currently does not have a CEO. Position is vacant and has been for 2 years even though we were told there was a full search going on.
2. There is no strategic vision or management team in place. Only FT person on payroll is the CFO and he can't even file financials on time! What does he do with his time? Is he working on GROW or Frankies other projects?
3. They wrote off 12million  for Kolos and without it they have no other long term game changer
4. they are not inventorying ETH or BTC at the rate I would like to see. They are selling most to fund costs.
5. None of their locations are close to full capacity 
6. no revenue diversification even though frankie yaps about it at every conference call. No plans for older machines and no contracts for "rendering" which Frankie has been going on about for 2 years.
7. What value of the new Board members brought on? None of them outside of Olivier have contributed. Just getting a free pay cheque!
8. Sweden is becoming an issue due to government VAT laws that have shifted. This has caused hive to slow down its "re-haul" plan and also caused them not to have operations at full capacity...why not speak to that at the last call? Because that isn't frankies style...transparency isn't something he's known for
9. Cash reserves are extrmely low. Less then $2M, this is scary for a company that raised 400M! Assets aren't even close to that number! Woulda been better off just holding that cash lol.
10. Their largest shareholder that owns 16% of the company hates Frank and tried to force him out of the company last year. Genesis still owns 16%....mgmt only owns 4% to put it into context! Who's got skin in the game??
11. Genesis is owed about $250,000 of unpaid costs and is holding some of hives crypto in its accounts and hasn't been released. 


is this good for you or should I go on? Lots more to show the incompetence of hives bod and mgmt team. We are struggling in pennies....no shareholder should be happy with that. I'm unfortunately a bag holder here and would want nothing more that this to pop but I think serious changes are needed for that to happen.
 

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