HIVE is a business that engages in bitcoin mining. The business validates transactions on blockchain networks, offers cryptocurrency mining services, and creates connections between the cryptocurrency and conventional capital markets. The annual earnings growth rate anticipated for HIVE Blockchain is 72.3%. HIVE stock has up 4.9% over the last three months.
OH MY, OH MY, OH MY!!!!!!!!!!!!!! Hardy Har, Har, Har. Franky's Mushrooms still trying to find the daylight. Still under the Reverse Split Price and now Franky's gonna prime the pump for yet another reverse split in a short while!!!!!!!!!!!! You can't make this stuff up!!!!
We need to execute a Reverse Split to attract Institutional Investors. And boy, oh boy, didn't those Institutional Investors respond and take the pps to da Mooooooon!!!!!
Now drop your draws, bend over and grab your socks because:
Hive Digital Technologies stock gained 10.4% in trading on Thursday, with the company's share price up 10.4%. The company changed its name from Hive Blockchain Technologies to Hive Digital Technologies, reflecting a shift into offering AI processing services. Investors are excited about the new business direction.
The miners continue.....Yesterday and today......FOMO's bubbling strongly
Next morning (today).....
Don't pictures tell a thousand words ?
What's that look like NOW ?
All good. My turn to post a bunch of words! Don't know if you recall, but I "inherited" HIVE shares via the RM back in 2017 from a shitty gold mining shell I held! 200 shares. I looked into whatever this crazy "crypto stuff" was at that time and kind of went "all in". My proprietary hindsight algorithm says I was a bit early!
I hold shares in 4 accounts. I was able to trade my average "down" to about $6 pps in 2 accounts & booked about $7.5k profit. However, the other 2 accounts hold the bulk of my shares and they are IRA rollover accounts with little equity so not much trading. So once again my hindsight algorithm says I should have dumped other holdings and dove in around $2 pps. Funny how that works.
So even though my total average is around $10 pps now, I am optimistic for the future. HIVE is still doing "ok" with BTC mining and since they were crypto pioneers, I think they have their stuff together with AI. Unlike companies that "said" they were dot.com or weed based to ride the wave, HIVE started shifting for AI early. I think they are in a good position to capitalize on the AI technology while still mining Bitcoin, so my fingers are crossed they will reach the "real ATH" in the not so distant future.
Good luck to us!
ChuckBits, I laughed when I read your comment, pointing out my bone-headed inaccuracy regarding HIVEs ath.
While I didn't like the reverse split, I was in favor of it at the time due to the ugly market circumstances. HIVE needed to keep their head above water and a dollar.
Now, getting SP to $28.75 will take some time. If they succeed, perhaps it will someday make sense to reverse the reverse split.
HIVE entered the US market from Canada with too many shares, at least compared to some newer miners which had 40 to 80 million. HIVE had way more, over 400 million, if memory serves. This might have allowed them to be one of the most liquid and active trading stocks on the Toronto exchange, but it was poison to the OTC, then Nasdaq. I think Frank Holmes made a mistake, thinking, or assuming, that HIVE would maintain such activity when they reached the US market. When this didn't happen, it left HIVE fat and unappetizing to the institutional gorillas. That honor went to MARA and RIOT, with HIVE left to reinvent itself in the brave new world.
Having so many shares made HIVE a difficult and/or confusing company. In my opinion, they misread the American market and should have done the reverse split before they reached the US shores and Nasdaq. Had they gotten here with 60 million, instead of 400 million, things might have unfolded differently.
But that's all assumption vapor. A waste of typing with my thumbs.
July 12, 2023
8:55 am ET
*Hive Blockchain Technologies Shares Halted On Code News Pending
1:01 am ET
HIVE Digital Technologies Debuts New Name and Strategic Expansion to Power the Future of Artificial Intelligence with our Nvidia GPU Cards
HIVE Blockchain had a significant amount of computing power dedicated to mining Bitcoins in June 2023. They were able to mine a total of 259 Bitcoins during the month, with an average of 8.6 Bitcoins per day. Their mining capacity at the end of the month was 3.48 Exahashes per second.
Hey ChuckBits, great hearing from you. Glad we're both alive and kicking. Although, still kicking also means still being kicked. Haha. That part's not as much fun.
Who knew tiny HIVE Bitcoin miner with their messy beginnings would have actually carved out a seat at the table in the future of, well, everything.
Yo Port! I'm still "here"...
Hive renames and rebrands. In addition to bitcoin mining, and capitalizing on the Nvidia chip purchase and focusing on the digital needs of the ever expanding use of AI.
"... name change to “HIVE Digital Technologies Ltd.” (the “Name Change”) to better reflect the Company's evolving expansion into fast tracking our HPC data centres by utilizing our Nvidia high performance Graphics Processing Unit (“GPU”) chips for the mass adoption trend in Artificial Intelligence (“AI”). HIVE has been a pioneering force in the cryptocurrency mining sector since 2017. The intent of the name change signals a significant strategic expansion to harness the potential of our green energy data centres and of GPU Cloud compute technology, a vital tool in the world of AI, machine learning, and advanced data analysis since the launch of ChatGPT."
Hive Blockchain ($HIVE) stock rose to its highest level since September of last year, as Bitcoin surpassed $31,000. The stock was trading at $5, which was significantly higher than the year's low. This year, it has increased by more than 270%, outperforming the Nasdaq 100 and Dow Jones indices.
This is what be of the easiest stocks on the Nasdaq to time the upswing. All you have to do is watch RIO# and MAR#. As soon as they start the upswing then you know Hive will follow. Hive almost always starts it's run last of the three but usually catches up in percentage gains.
Here's Tom at Talkin' Investin, explaining the latest hatefest against BTC. They're going after the miner's, proposing a 30% tax on energy used. The starting gambit is rarely the ending result. This is just a money grab before the negotiating begins.
Do they tax banks? No, they tax individuals. This is just another big shot of "peak FU."
The powers that hate BTC, still love the blockchain. They want the chain but they want to kill us, meaning the miners. Without solid mining, there is no BTC.
It's one reason I like HIVE. While I own other mining companies, I like owning companies outside the US. There may be some extra wriggle room if all companies are not under the thumb of the all and powerful Oz.
HIVE is one of the largest publicly traded crypto miners with assets in Canada, Sweden & Iceland. HIVE closed out calendar 2022 on a whimper with the crash in digital currency prices and a huge write-off in mining equipment. Looking forward, HIVE is hyping up a pivot to use its GPU's in 'AI' applications.
HIVE is up 95% on the year and looks like it's in the beginnings of an uptrend. The unexpected dramatic decline in natural gas prices is proving to be a huge tailwind. Natural gas, down over 75% from its highs last summer, is the primary driver of electricity prices, one of the direct input costs for Bitcoin miners.
Crypto miner Hive Blockchain posts wider losses, cites Ethereum Merge
Hive reported a net loss of US$90 million for the quarter ended Dec. 31, compared to a net income of US$51.2 million in the same period the year prior. This was the first quarter it didn't mine Ether since last September's Merge upgrade. Hive navigated this quarter by selling energy back to the grid, repurposing GPUs to mine Bitcoin, and upgrading its fleet of ASICs. Its shares on the Nasdaq closed down 9.5% on Tuesday at US$3.05, a 67% drop from US$9.35 a year ago.
Crypto Miner Hive Blockchain Posts Q3 Loss as Ethereum Merge Cuts Revenue, Mining Margin
Apparently not. $HIVE$
Is this buy time yet? Loading a few here.
didnt think HIVE was loaded.....will find out soon
THE FX group is out a billion dollars-----might be sellers are taking profits...hive might rally b4 XMAS
Any company with "Blockchain" in its name will have a tough time in the near term because of of all this FTX BS. But once that fades, these stocks will rebound.
Hive Blockchain revealed that it has no debt costs as it holds 3,311 Bitcoin. Firms such as Argo and CleansSpark borrowed millions against their mining equipment. Hive, on the other hand, has managed to grow its balance sheet of Bitcoin in the last fiscal quarter.
Just tell us where the bottom is so we can buy shares and make money. All this nonsense is just speculation. Hive falling off a cliff right now. And Bitcoin is probably heading to $12,000 or lower where the .618 is located and falling out of this defending triangle pattern. So I guess hive has lower to go.
We have been led to believe ETH: POS has just knocked out ETH: POW. But here's a hint this battle is much more complex than it seems and we may, in fact, only be in the first round of the fight.
Past years included a lot of PR scare tactics regarding the evils of POW and the goodness of POS. But the lacquer may have worn off leaving only a thin veneer of weakness. Time will tell as reality takes acid to strip the blockchain to the bone for all to see.
While the battle over POW didn't begin with ETH, this latest attempt by ETH to destroy POW may end up in a spectacular failure. Or even in a draw where both survive intact. This means a competition will ensue.
Cool. Competition is good. May the best tech process win.
Or there could be twin ETH chains, one for more serious concerns, such as deep financial accounting (POW,) with the other going toward less significant platforms (POS).
These new chains will need to track billions and trillions of worldwide interactions. Think of Call of Duty and all such complex games. The companies: monster Robolox and its many small siblings: Good Gaming: GMER; GameOn: GMETF; Fandifi (FDMSF) which has just started beta-testing a gaming social media site. Each of these companies are going to create trillions of transactions; not to mention META itself, the 800 lb gorilla which some people think has lost its edge: meaning some company may take its place.
These interactive transactions all need trackable chains. Worldwide interactive gaming platforms are going to blow the roof off demand as each requires more verifications of blockchain transactions.
It's possible HIVE will emerge as a heavyweight in the ETH:POW / ETH:POS struggle as the world separates out the serious macro-transactions of the major financial accounting from the micro-transactions, also requiring accounting for all of the micro, but still real-money transactions.
ETH:POW and ETH:POS are going to live on to have a heavyweight fight which is far from over.
This could be very good news for HIVE. It may finally force drunk Mister Market to pay attention as this next iteration of the blockchain creates its next pathway into the future.
Not only will it result in the next--and more accurate-version of blockchain evolution, but it will also kickstart the next lineup of winners and losers among the companies building the next platforms upon which we will all be playing on.
HIVE is standing as one of the few with a strong balance sheet.
While HIVE made a lot of money from Ethereum mining, the stupid market--needing it to be kept kindergarten-simple--will finally see the balance sheet and professional way HIVE has managed the past intense years. Now there is one simple task: building their hashing power one step at a time, including buying smaller companies which have perfectly clean energy sources.
The new, yet unreleased miners will likely blow away all earlier versions. So, in my opinion, they they need to be careful not to buy too soon.