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

HIVE Digital Technologies Ltd > The price HAS to stay below $3 until financing is complete

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Comment by zenith9on Jan 06, 2021 10:59pm

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Post# 32239648

RE:RE:The price HAS to stay below $3 until financing is complete

Thanks for the clarification and sorry for my ignorance. I'll shut up now.

rwfresh wrote: It's a fair question.

But the answer is an unequivical NO. The price does not have to be below sale price. It would be impossible to ever approve a deal then unless the stock was halted.

So the price of the stock has nothing to do with a deal closing. HIVE could easily restructure the deal tomorrow if they wanted to or simply leave it as is.

I don't think this supression action has anything to do with the deal. It's either a whale suppressing the price to accumulate in anticipation of big pump or whale in an bad short position attempting to keep the price down long enough for a crypto dump or simply long enough to DCA their cover.

Imagine it's a whale with a short position and a lot of money. This stock's trading volume is low enough that someone trading with a few million could easily manipulate the price.