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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 antisenseon Dec 20, 2023 10:43am
256 Views
Post# 35793730

Significance of statement in recent news release

Significance of statement in recent news releaseSo for all those noobies who wonder why HIVE comntinues to issue float to raise funds instead of sell bticoin this statement in the recent funding news explains the strategy:

The Company anticipates the net proceeds of the Offering will be used to support the growth of its business including the expansion of data centers to utilize an additional 100 MW of green energy to add approximately 5 Exahash to HIVE's existing green Bitcoin mining footprint, as well as for working capital and general corporate purposes. HIVE also anticipates being able to HODL all its Bitcoin until the upcoming Halving.

The halving event looks to be occuring aroudn march of 2024.  These halving events only occur once every 4 years and is followed by a SIGNIFICANT run up in the price/value of bitcoin.  So HIVE is smart to continue to HODL it's assets until then.

GLTA and don't listen to the haters :P
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