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Bullboard - Stock Discussion Forum 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... see more

TSXV:HIVE - Post Discussion

HIVE Digital Technologies Ltd > Previous bitcoin run, HIVE went up 28X
View:
Post by stargazer1 on Dec 15, 2024 10:18pm

Previous bitcoin run, HIVE went up 28X

Bitcoin
After bitcoin's previous halving, bitcoin went from $6,000 Feb 2020 to $65,000 Nov 2021
 
HIVE
Went from $1 Feb 2020 to $28 Nov 2021 So during bitcoins strong advance HIVE's price increased by a factor of 28X
 
The number of HIVE shares have increased since 2020.
 
The $28 price would now be equivalent to $14, but it would still be equivalent to a 28X increase:
 
HIVE # shares 2020/21 = 75 million, 2024 = 130 million
The $1 2020 would be equivalent to $0.50 in 2024 terms
The $28 would be equivalent to $14 in 2024 terms
 
Which is still an increase of 28X
 
Bitcoin has just gone through another halving, and in addition to that, with Trump leading the charge, bitcoin has a looonng way to runP
 
That could also mean that HIVE has a long way to run.

May not go up 28X, but, then again, with everything that's going for it,
HIVE could go up 10X, or, probably, much much more
Comment by greendaze on Dec 16, 2024 10:57am
And this time Hive is a lot stronger company with more options. Let the flexing begin ! 
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