hey Delta Dud....the man that only wants to speak facts and data....whats your take on this today....hopefully you'll be able to wrestle up another amazingly insightful response just like last time i asked you to respond to hard cold facts...oh this should be fun...
here are excerpts from 2 press releases dated today..one from BITF and one from HIVE...but now for just a little background before i get into the meat and potatoes here...Delta Dud continues to spew multiple times a day on the HIVE board how much HIVE is garbage and how BITF is the second coming....and that PROFIT don't mean sh!t because BITF is HODLing like no other miner...so being profitable doesn't mean sh!t...so let's take a little peak at the NR's put out today by both companies...and let's see what they both saying about their bountiful HODL stash...
from BITF today...and I will preface that the excerpt below is pretty good news btw... Bitfarms Mines 1,000th Bitcoin with Hydroelectricity This Year TORONTO, Ontario and BROSSARD, Qubec, May 28, 2021 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (“Bitfarms”, or the “Company”) (TSXV: BITF // OTC:BFARF), today provides a Bitcoin production update. Bitcoin Production Update Year-to-date,
Bitfarms has mined and deposited in custody 1,006 Bitcoin, currently valued at approximately US$39 million, or approximately 5.5% of the Company’s market capitalization as of the close of trading yesterday, May 27, 2021. Bitfarms achieved this milestone a full 9 days ahead of the schedule reported on April 16, 2021. Based on public information of other publicly traded cryptocurrency mining companies, Bitfarms has mined and accumulated one of the largest reported amount of Bitcoin from mining activities in North America, year-to-date; and has done so with 100% hydroelectricity. Since starting its Bitcoin Inventory Pilot Program in early January, Bitfarms has quickly climbed the ranks of publicly traded companies with Bitcoin on their balance sheet and has now earned the 13th spot for publicly traded companies on bitcointreasuries.org. With approximately 1% of the Bitcoin network, Bitfarms is currently mining and adding approximately 7.8 Bitcoins a day to inventory at a cost of approximately US$9,500 per Bitcoin as of May 27, 2021. This means that Bitfarms is both adding Bitcoin to its balance sheet at one of the fastest rates and with some of the lowest costs in the world.
here is an excerpt from HIVE's NR today.... VANCOUVER, BC / ACCESSWIRE / May 28, 2021 / HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE:HBF) (the "Company" or "HIVE") is pleased announce that it has received confirmation from Bodens Energi Nt AB for an additional guaranteed 10 MW of green energy electricity for its GPU data centre in Sweden. This increase is on top of the previously announced 2 MW expansion on January 28, 2021. These combined expansions increase the capacity of the facility by over 50% from 21 MW to 33 MW. Presently we are securing new state of the art performing GPU cards for this expansion.
Ethereum Classic
As previously announced in April of this year, HIVE started mining Ethereum Classic before the prices surged to the current price of US$75 a coin, and continues to mine Ethereum Classic due to its profitability. We have chosen to mine and sell Ethereum Classic to assist in covering electricity and basic general & administrative costs while saving in cold wallets our Bitcoin and Ethereum production.
Only Crypto Miner Mining Ethereum and Coin Inventory (HODL)
HIVE continues to be a Holder of mined Bitcoin and Ethereum coins and has been banking them in cold wallets. Our continued strategy is one to continue holding coins, as we feel that it will benefit our shareholders. The current dollar value of our crypto assets is approximately US $79 million (based on US $2,700 Ethereum and US $38,500 Bitcoin) and cash is US $36 million. The value of the coins have been volatile while our cash position remains stable and healthy.
This HODL strategy has led to the strengthening of our balance sheet and liquidity which is a substantial improvement from where we were a year ago.
ESG Strategy- Bitcoin Mining Council, Michael Saylor and Elon Musk Meeting
Recently there has been substantial volatility due to Elon Musk's pronouncements and then China's shut down in Crypto mining. It is great news for the global economy that China is shutting down mining which is mostly from coal generated electricity. Frank Holmes, Executive Chairman said "It was great to participate in the special meeting held on Sunday May 23, 2021 championed by Michael Saylor and special guest Elon Musk along with CEO's from many of the largest crypto mining companies."
"The meeting was productive and the bottom line is we agreed to establish a Bitcoin Mining Council to promote education, transparency on sources of energy and accountability for sustainable mining. Further this new organization will strive to standardize energy reporting and set a high bar for ESG standards of care. We believe there is a major macro shift happening and crypto mining is shifting to North America and Europe where executives are more serious and responsible about lowering their carbon footprint. I was proud that not only were we the first public crypto mining company in 2017 but that we have always had an ESG strategy and a focus on only mining with green energy. Finally I was pleased to see other CEO's agree to our goals and would like to thank Michael Saylor for his stewardship and Elon Musk for his ideas and candor."
I think it's fair to say the HIVE is doing pretty good on HODLing its coins (more than double of BITF current stash btw) and it is able to do this while having a POSITIVE EPS btw...and oh ya...we ended up at the big Bitcoin Mining Council meeting too btw....don't think BITF was there FYI... So again I have only one request from Delta Dud...can you put together an intelligent response and enlighten us all with your self proclaimed vast wisdom of the world? If not....how about this...
HOW ABOUT YOU STAY OFF THE HIVE BOARD WITH YOUR YOUR NON-STOP BS AND I WILL STAY OFF YOUR BITF BOARD...WHAT DO YA SAY TOUGH GUY?? 45