Hive Few sectors have been hotter in the past few years than blockchain and cryptocurrencies. HIVE has been mining coins for many years at this point. And the business has been built with the capital markets in mind. That means it has a disciplined structure so mining costs are low and it can hold onto mined coins until it’s advantageous to sell them at maximum profit.
Also, with operations in Iceland, Sweden and Canada, it has built out its mining operations from green resources, so it’s well prepared for the rise in ESG investing. The interim CEO is Frank Holmes, who is long-time CEO and CIO of mutual fund company U.S. Global Investors, which has been a mainstay for many years.
HIVE stock has a $1.5 billion market cap and it has risen 102% YTD. But it’s still trading at a current P/E of just 15x, which means there’s still plenty of value here. That’s particularly true as the crypto market continues to gain more credibility with financial institutions and their regulators.
This stock has an ‘A’ rating in my Portfolio Grader.