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Is this thing in the gutter or what?
Tom at Talkin' Investing explains why 6 miners are the most likely to go out of business.
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.
jmho
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.
Hive aims to bridge the gap between blockchain/cryptos to traditional capital markets. Per its website, the company uses 100% green energy to mine digital assets.
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.
https://cryptopotato.com/ethereumpow-ecosystem-continues-to-grow-as-support-for-mining-remains/
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.
GLTA
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.
The Next Crypto Bull Market - Will Be Shocking!
Investing Made Simple - Nathan Sloan
MINER VS MINER FOR JULY WITH UPDATED METRICS INCLUDING LATEST QUARTERLY RESULTS!
Always a bit of a mumbler, but the data is good.
SEBASTIAN
RANKED The $BTC Miners In 6 DIFFERENT WAYS!! | WHO IS #1??!
Talkin' Investing
Q1 F2023 Results
Quarter Ended June 30, 2022
Financials
HIVE BLOCKCHAIN TECHNOLOGIES LTD.
August 16, 2022
HIVE Announces Quarterly Revenue of $44.2 Million up 13% From The
Same Quarter Last Year and Earnings for our
1st Quarter Ended June 30, 2022
Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBFA) (the
“Company” or “HIVE”) is pleased to announce the earnings report for the first quarter ended June 30, 2022
(all amounts in US dollars, unless otherwise indicated).
We achieved strong gross mining margin of $27.0 million for the quarter, a 18% increase over the prior
quarter of $22.9 million. This fiscal achievement was driven by our global Bitcoin and Ethereum mining
operations which experienced significant hashrate growth during this period. In addition to the Company’s
expansions, HIVE maintains the best operational uptime amongst all its peers, with HIVE repeatedly
emerging at the most efficient crypto-miner based on digital assets mined per Exahash (commonly
measured as quantity of mined Bitcoin per Exahash of reported hashrate).
Additionally, the Company’s gross mining margin of 61% this period is also an increase from the gross
mining margin from last quarter of 42%. HIVE has been able to consistently mine with strong profit margins
during periods of market volatility, as a result of being globally diversified and enjoying low power costs in
Sweden and Quebec, and higher profit margins from the Ethereum mining business. The Company notes
that currently with Ethreum at $1,900, the legacy GPU fleet of RX580 cards generate approximately $0.30
per KWHR of revenue, and our new data center grade Nvidia GPU cards generate approximately $0.40 to
$0.50 per KWHR of revenue. Whereas Bitcoin ASICs are generating approximately $0.11 to $0.15 per
KWHR in revenue, at Bitcoin price of $24,000 and Difficulty of 28.1T, for ASICs with efficiency between 30
to 40 Joules per Terahash (J/TH).
We achieved revenue of $44.2 million for this quarter, as we mined 1338 Bitcoin equivalent, comprised of
821 green and clean Bitcoin as well as 7,675 green and clean Ethereum. This compares with $49.8 million
revenue in the previous quarter, when HIVE mined 1248 Bitcoin equivalent, comprised of 787 Bitcoin and
6,325 Ethereum. As such, HIVE’s overall production of digital currencies increased by 7% quarter over
quarter, comprised of 4% more Bitcoin produced and 20% more Ethereum produced.
The Company notes, HIVE’s Bitcoin production of 821 Bitcoin this quarter represents an increase of 265%
year over year, where in the same period last year (period end June 30, 2021), HIVE mined 225 Bitcoin.
This reflects a substantial growth in our operating hashrate, in large part a result of our New Brunswick
facility expanding from 30MW last year, to currently operating over 17,600 new generation ASIC miners,
operating at approximately 60MW of capacity. This large increased in quantity of Bitcoin production stands
even as network difficulty has effectively doubled during this one-year period.
Frank Holmes, HIVE’s Executive Chairman, stated “We wish to again thank our loyal shareholders for
believing in our vision to mine both Ethereum and Bitcoin to generate robust cash flow returns on invested
capital and we believe our results continue to validate the significant contribution to our strategy to mine
both BTC and ETH and HODL as many coins as possible. It was an extremely challenging quarter for the
global digital asset ecosystem, where we saw the capitulation of Bitcoin and Ethereum prices not seen since 2020. On a relative basis we are very pleased with our Company’s performance amongst our peers
in the digital asset industry.”
Q1 Quarterly Highlights- June 30, 2022
• Generated revenue from digital currency mining of $44.2 million, with a gross mining margin1 of
$27.0 million
• Mined 1,338 Bitcoin equivalent; comprised of 851 Bitcoin and over 7,675 Ethereum during the
three-month period ended June 30, 2022
• Adjusted EBITDA of $11.2 million
• Non-cash charges of $118.7 million, including impairment on equipment and equipment deposits
totalling $11.0 million
• Net loss after non-cash charges and mark to market adjustment is $95.3 million for the period
• Working capital decreased by $112.4 million during the three-month period ended June 30, 2022,
this decrease was partially attributable to the sale of digital currencies during the quarter to fund
expansion and a mark to market adjustment on the closing HODL balances of the digital
currencies held (revaluation of digital currencies)
• Digital currency assets of $71.4 million, as at June 30, 2022
Q1 F2023 Financial Review
For the three months ended June 30, 2022, revenue from digital currency mining was $44.2 million, an
increase of approximately 13% from the prior year primarily due to the increased production of Bitcoin
because of the Quebec and Atlantic (New Brunswick) facility acquisitions, in addition to expansions at the
Company’s flagship European operation in Boden, Sweden.
Gross mining margin1 during the period was $27.1 million, or 61% of income from digital currency mining,
compared to $32.8 million, or 84% of income from digital currency mining, in the same period in the prior
year. The Company’s gross mining margin from digital currency mining is partially dependent on external
network factors including mining difficulty, the amount of digital currency rewards and fees it receives for
mining, as well as the market price of digital currencies.
The Company notes that, while adjusted EBITDA1
this quarter was $11.2 million, as a result of mark to
market accounting practice, net loss during the quarter ended June 30, 2022, was $95.3 million, or a loss
of $1.16 per share, compared to net income of $23.5 million, or $0.31 per share, the same period last year.
The decline from the prior year was driven primarily higher non-cash charges such as depreciation,
unrealized valuation losses on digital currencies and investments, and impairment charges on equipment
and equipment deposits; which in turn were all affected by lower Bitcoin and Ethereum prices seen in June
and July 2022. Adjusted EBITDA is a non-IFRS financial measurement and should be read in conjunction
with, and should not be viewed as, an alternative to or replacement of, measures of operating results and
liquidity presented in accordance with IFRS.
Mr. Holmes noted “I have urged investors to focus on HIVE’s operating earnings from our data centers
which generate digital assets, however as a result of recent changes to IFRS reporting rules, the
quarterly mark-to-market fluctuations in the value of HIVE’s investment portfolio in digital assets must be
reflected on the Company's income statement each quarter. HIVE was dedicated to navigating through
this crypto storm for our shareholders, while delivering profitable gross mining margins of $27.0 million and
adjusted EBITDA of $11.2 million. Our global team of technicians, coders and executives all working
together delivered this for the shareholders.”
The next halving: Reward-Drop ETA date: 04 May 2024 13:36:29 UTC
The link below will take you to a countdown clock for the BTC halving.
Bitcoin Block Reward Halving Countdown
On another note, the Blackrock/Coinbase news is awesome.
Will bring several trillion to crypto.
Miners like HIVE (a top three cryptominer) will explode!
I don't think I've ever gotten derogatory, nasty, or name calling with you? I can, but I prefer not to...
With that, what don't you understand that CANADA allows them to file whenever they want, as long as they say "please"? (ask for an extension). So no, It's not "now" Canada's fault, it's ALWAYS been Canada's fault!
Please list the fines HIVE has received from ANYONE for filing issues. If they are in default, why haven't they been delisted?
Do you know the filing requirements of TSX listed stocks? If not, please research it.
So yes, HIVE can say my dog ate my filing. No harm, no foul. AND, as I've also said, I don't like it, but I understand the filing requirements. My choice is to hold, or not. Simple.
So what exactly is your point?
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1-800-662-HELP
Go HIVE.
Frankie "The Fraud" has been a habitually late filer for years with the lamest of excuses that would get a 4th grader 30 minutes of standing in a corner. Time zones, language barriers, dog ate them, I spent days doing them and now can't find them, blah, blah, blah. Now it's Canada's fault?
Are you aware of a fine, or penalty?
In the US, individual taxes are due April 15th. If the government said "take your time, file & pay when you can, just let us know". How long do you think people would take?
Make that 100%!!
I got in at 3.00, now up 50%, doing something right. I've come to like reverse stock splits, it is the opposite of dilution, nobody likes dilution? xela just did a 1 for 20 reverse stock split...I had to buy some of that. Anyhow, so ETH 2.0 moving to proof of stake, HIVE has lots of ETH "...held in secure storage..." as well as BTC. Long HIVE.
Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBFA.F) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of July 2022, with a BTC HODL balance of 3,091 Bitcoin and 6,820 Ethereum as of August 4, 2022.
July 2022 Production Figures
HIVE is pleased to announce its July 2022 production figures and mining capacity:
279.9 BTC Produced
2.2 Exahash of Bitcoin mining capacity at beginning of July
Increased to 2.26 Exahash of Bitcoin mining capacity during the month of July, with an average hashrate of 2.03 Exahash of Bitcoin mining capacity during the month of July
2,957 ETH Produced*
5.77 Terahash of Ethereum mining capacity at beginning of July, some miners were taken offline temporarily for layout optimization due to higher summer temperatures
6.49 Terahash of Ethereum mining capacity at end of July, with an average hashrate of 6.19 Terahash of Ethereum mining capacity during the month of July
*The Company’s production of ETH from GPU mining (including selective optimizations of GPU hashrate) has yielded a total ETH production of 2,957 ETH.
Frank Holmes, Executive Chairman of HIVE stated “In July we produced an average of 15.0 Bitcoin Equivalent per day, comprised of approximately 9.0 BTC per day and our Ethereum production of approximately 95 Ethereum per day. We are pleased to note that as of today, we are producing approximately 10 BTC a day in addition to approximately 95 Ethereum per day.”
Aydin Kilic, President & COO of HIVE noted “We continue to strive for operational excellence, ensuring that as we scale our hashrate, we also optimize our uptime, to ensure ideal Bitcoin and Ethereum output figures.” Mr. Kilic continued, “We also would like to provide an update on the BTC and ETH equivalency, where one can equate value of the coins produced daily. As such the ETH that HIVE produced during the month of July, equated on a daily basis, is approximately equal a monthly total of 185.2 BTC, which we refer to as Bitcoin Equivalent or BTC Equivalent. This is in addition to the 279.9 BTC produced from our Bitcoin mining operations during July, for a total of 465.1 Bitcoin equivalent”
The Company’s total Bitcoin Equivalent production in July 2022 was:
465.1 BTC Equivalent Produced
15.0 BTC Equivalent produced per day on average
3.77 Exahash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH hashrate) as of July 31), with average hashrate of 3.36 Exahash of BTC Equivalent hashrate throughout July
Ethereum Outlook and Strategy
The Company acknowledges there has been recent discussions surrounding the potential Ethereum “Merge” to Proof of Stake (“PoS”).
With respect to a timeline to PoS, the Company notes that a specific block for the Ethereum Merge has not been specified. Until a specific block has been identified and universally accepted by the Ethereum Foundation, the Company believes it is indeterminate if or when the Merge will happen. For comparison, every Bitcoin halving event is at a specifically prescribed block height (notably, every 210,000 blocks).
HIVE acknowledges there could be execution risk in implementing a business strategy if Ethereum goes to PoS, and we believe there will be continued demand for GPU based Proof of Work (“PoW”) mining. As such, the Company has a strategy in the event the Merge occurs.
HIVE believes there is intrinsic value in a broadly decentralized PoW blockchain with Layer 2 smart contracts, as the majority of such projects exist on the Ethereum blockchain. If NFT and DeFi developers realize that a secure PoW Layer 1 blockchain is the best playing field for their code-based projects, there could be an increase in Layer 2 applications on the Ethereum Classic blockchain, after the Merge.
The Company has already commenced case studies, analyzing hashrate economics of Ethereum Classic and other GPU mineable coins at an industrial scale. HIVE has also been performing GPU optimizations throughout calendar 2022, which are proprietary and provide the Company with a competitive edge.
If the Merge occurs, the Company expects that there will be a competitive edge required in technical proficiency as GPU mining is more involved than ASIC mining. It reasons that companies or hobby miners who are the best at GPU optimizations, will prosper. We expect that there will be more algorithmic driven application of GPU mining, where users may mine several coins. This will be in addition to the competitive edge miners typically seek of having the best energy economics, so they have the lowest operating cost per hash generated. GPU miners will need to have a low cost of hashing, while also being innovative to drive the highest yield (revenue) per hash, through optimizations.
GPUs which currently mine Ethereum are only one facet of HIVE’s operations which complements its fleet of Bitcoin mining ASICs. HIVE’s GPU fleet is comprised of two types of cards, our legacy fleet comprised mostly of RX580s, and can be repurposed for other GPU mineable coins. The second type being our data center grade cards, namely our Nvidia fleet which we announced last year when we joined the Nvidia Partner Network; these cards have other applications in high-performance computing (HPC) applications. HIVE has been developing a new platform for our data center grade cards to create new streams of revenue. The Company foresees the creation of new streams of revenues from GPUs, such as providing HPC services for rendering, AI, ML, molecular modelling, etc.
New Brunswick Power Costs
HIVE has navigated several months of high energy prices in New Brunswick (“NB”) at its data center campus, which have affected all businesses that are customers with interruptible energy contracts. Mr. Kilic noted “The interruptible energy rates in New Brunswick have historically been between 3.5 to 4.5 cents USD per KWHR, based on annual averages over the last decade.” HIVE also has a portion of the total electrical load in NB as fixed power at approximately 6 cents per KWHR USD. In the Company’s fiscal Q4 2022 (January to March 2022), the power rates in NB based on the Company’s usage (blended fixed and interruptible power) were approximately 12 cents per KWHR for 46MW of capacity. Mr. Kilic continued “A benefit of being globally diversified, with 6 data centers in three countries, HIVE’s other facilities enjoyed power costs of approximately 3.5 cents per KWHR for approximately 54MW of operating capacity.” Taking into consideration the average of HIVE’s global operating costs for electricity, data center staff and maintenance for all facilities in Q4 2022, the total cost was approximately 7.5 cents per KWHR USD, based on a global average operating footprint of 114MW, compared to revenue of $49.8M USD (as noted in the Company’s audited fiscal 2022 financial statements), which equates to approximately $0.20 per KWHR. The Company notes that it was able to profitably mine crypto currencies during these periods, thus maximizing coin production.
Since then, the Company’s average global operating costs for electricity, data center staff and maintenance, in New Brunswick have improved significantly, as the Company has enacted strategies to avoid high interruptible power prices in NB, which may include from time to time, reducing consumption during periods of peak interruptible power. In fiscal Q1 2023 (April to June 2022), the Company’s average power costs in NB have been 7.4 cents per KWHR USD, utilizing approximately 52MW on average, and globally operating costs for electricity, data center staff and maintenance for all facilities is approximately 5.5 cents per KWHR based on a global average operating footprint of approximately 126MW.
Network Mining Difficulty
The Bitcoin network difficulty decreased 6.5% during the month of July. The Ethereum network difficulty had a sudden difficulty decrease of almost 20% at the end of June, which was followed by a slight and gradual increase of 1.6% during the month of July. These factors impact our gross profit margins.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.
WOOHOO...MORE Sebastian!!!
Quick Miner & Bitcoin Update! More Financial Results Dates Added Bitfarms, Marathon & Cleanspark
Easy now, still a lot of research to be completed for that documented proof of 100,000 coins or 100,000 eth coins!
The rumor is that MSTR has been selling.
Saylor denies this rumor.
"Over the past week, Bitcoin’s third wealthiest address identified as 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ, has transferred 29,200 BTC to exchange platforms. Crypto users believe this is MicroStrategy’s BTC address."
"Replying to all these rumors and speculation, Saylor tweeted with two emojis representing “diamond hands”. In the past, the executive said their plans are to hold Bitcoin “forever” dismissing any idea of dumping their BTC."
Sounds like a good project for you to keep you busy? Please report back on the timeliness for each of the 238 companies based in Canada that are also NASDAQ listed.
Like I said, I don't like it, but HIVE technically did absolutely nothing wrong, because Canada allowed it. Are you aware of a fine, or penalty? Maybe Canadians are bad at math & need extra time?
In the US, individual taxes are due April 15th. If the government said "take your time, file & pay when you can, just let us know". How long do you think people would take?
Blame Canada.
238 Canadian companies
There are currently 238 Canadian companies that trade on U.S. stock exchanges. Most of these companies have "cross-listed" their shares on a U.S. exchange.
I wonder how many besides Frankie "Who me? AH, it was like that when I got here, I swear." Holmes are habitually late on financial filings? Hmm.
MicroStrategy owns 129,699 bitcoins as of June 28, 2022. The total purchase price for the bitcoins was almost $4B making an average price of around $30,650 per bitcoin.
MSTR is one. Interesting that it is included in 7 stocks to sell in a recession. Hope it doesn't come to that?
https://finance.yahoo.com/news/7-stocks-sell-recession-220039445.html
Well that says a lot. Past performance and historical charts don't play into your strategy. Interesting. So we can't expect any references to past/future performances in your posts? OK. Marked.
Since HIVE is a "foreign Company" (Canadian) and they follow TSX rules, the FY report was due on June 29. So technically they were "only" 23 days late.
However, since they filed official late notices they are automatically granted extensions. So no harm no foul. Sucks, but it is what it is.
Blame Canada...
Wednesday, July 13, 2022 10:27:57 AM
OH LORRRRRRRD,
IF YOU ONLY KNEW..... LOL
WATCH THIS JUMP TO $8.55 SOON
MARK MY POST..
ROTFLMFAO!!!!!!!!!!!!!
So, so, soooooooooooooo easy to Head-Fake a cellar full of Mushrooms!!!
You *DO-NOT* own one single Bitcoin. You own practically worthless shares in a Bitcoin Mining Scam!!!!! Horaaaaaaaay for Frankie!!!! ROTFLMFAO!!!!!
Pre 1:5 REVERSE SPLIT Bag Holders still unable to get back over the $1 pre split pps.
Need $5 post split it = $1. Currently sitting at $3.75/$0.75!!!!
You don't own any Bitcoin, Frankie owns the Bitcoin, you own worthless paper.
Still don't get it. Cheerleading Frankie and $HIVE on while owning nothing but a pile of chit!!!!
This is exactly the same adoring blind worship of a scam artist that exists in the political world at this moment. Mushrooms adoring and making all the excuses for the Lord and Master while holding empty bags!!!!!!!
Been off buying some actual Bitcoin and MSTR with profits made here.
Since HIVE is a "foreign Company" (Canadian) and they follow TSX rules, the FY report was due on June 29. So technically they were "only" 23 days late.
However, since they filed official late notices they are automatically granted extensions. So no harm no foul. Sucks, but it is what it is.
Blame Canada...
So form 40-f, 4 months late just published. Good news after reading 125 pages is...they mined 2368 bitcoins and 31840 ethereum coins...and had a net income of 79.6 million US dollars. Bad news is..."One member of our accounting staff in New Brunswick resigned..." maybe refused to work that long weekend back in March. Also ..."represented a material weakness...over financial reporting..." Post Script (PS) I don't know how to make sense of any of this four month old news. Remember these are Canadian and Swiss people, needing lots of electricity to conduct this bitcoin mining production business. Long HIVE.
Pomp explains Crypto Miner's Trials and Tribulations.
Will Bitcoin Miners Survive?!?
Q1 will be a MONSTER!!!
HIVE will continue to crush it!
Lions and Tigers and Bitcoin Bears...OH MY!!!
Fiscal Year 2022 Highlights
Generated revenue of $211.2 million, with a gross mining margin[1] of $163.9 million
Mined 2,368 Bitcoin and 32,397 Ethereum equivalent from GPU hashrate (including 31,840 Ethereum) during the year ended March 31, 2022
Earned net income of $79.6 million for the year
Working capital increased by $76.5 million during the year ended March 31, 2022
Digital currency assets of $170.0 million, as at March 31, 2022
“Fiscal 2022 was an incredible year for HIVE. Despite the effects of COVID-19 such as global logistics and inflation we have achieved record results on a per share basis and continued to increase our Ethereum and Bitcoin mining capacity, without taking risks to stake our BTC or ETH to earn a yield on our assets,” said Frank Holmes, Executive Chairman of HIVE. Mr. Holmes added “We are also proud that during the year we were able to pay down our debt by over $5.5 million.”
OH NO: Hefty numbers.
https://www.hiveblockchain.com/news/
July 19, 2022
HIVE Achieves Record Annual Revenue Ended March 31, 2022 of $211 Million and Earnings of $79 Million with a 545% Growth in BTC Mining Hashrate
HIVE ranks pretty good via the metrics used here:
I RANKED The $BTC Miners In 8 DIFFERENT WAYS!! | WHO IS #1??!
HIDDEN GEM STOCKS, STOCK MARKET FIND REPORT
https://ritzherald.com/hidden-gem-stocks-stock-market-find-report/
$HIVE
"The company is mired in a crypto winter alongside any other crypto-related business. But when combing through their June report, the company mined an equivalent of 420 BTC which at an average price of about $20,000 equals $8.4 million in monthly revenue."
Notice that it required 5 million dollars worth of buying today to reach that desired 3.50 a share...somebody owes somebody a thank you...
In June we produced an average of 14.0 Bitcoin Equivalent per day
Past history is the past. I always focus on TODAY. It's a good way to live life. Focusing on the past does nothing. Focusing on tommorrow and unknown does noth8ng. Embrace the day and keep positive. Bitcoin is hovering at 22000. Lets keep the momentum going and see that we keep climbing. The more it climbs the more Hive stock appreciates. Glta
You obviously are not familiar with $HIVE 's past history. Watch, listen, learn.
Frankie's uneducated cut-rate promoters. Cheeses.
SMH.
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