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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 Magnum2on Jan 04, 2021 3:25am
313 Views
Post# 32213384

Huge burn rate...blowing thru most of their Coins

Huge burn rate...blowing thru most of their Coinsto buy equipment that doesn't even start arriving until April...do the math, then compare these guys to the competition.
Just my opinion, the money is being made now, not 4 months+ from now....and if ETH Coins are going to so valuebale in the future why is HIVE burning them up like Fiat money...???

HIVE continues to be the leading Ethereum producer sourcing green energy from facilities in Sweden and Iceland. Ethereum has outperformed Bitcoin over the past year and based upon the Company's preliminary unaudited results, we produced approximately 22,000 Ethereum coins in the last quarter ended December 31, 2020 and inventory ended with approximately 13,100 Ethereum coins. Further our Bitcoin production in Canada increased to approximately 160 Bitcoins in the past quarter up from 89 in the prior quarter, and we ended the December 31, 2020 quarter with inventory of approximately 140 coins.
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