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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 Bac0non Nov 29, 2021 3:42pm
152 Views
Post# 34177154

HIVE needs a reverse split

HIVE needs a reverse splitIf HIVE wants to have any chance at all of competiting with the big boys, they need to do a reverse split, I know many of you likely dont know what that is. and I don't care enough to explain it to you.

with almost 400 MILLION shares outstanding, HIVE needs at least a 2:1 reverse split, maybe even 3:1. or it will never be able to compete. It will be at the bottom of the pack forever. 

existing share holders tend to be screwed over a bit by reverse splits, but it would still be good long term for HIVE. and all the dumb money is already in, so doing a reverse split now would make sense. 

Hoping HIVE gets its act together, I feel bad watching it struggle so bad compared to all the other crypto miners. 

*sips scotch*

-Bac0n
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