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so, no debt and an amazing production history along with close to $80 million value in bit coin.. if so and the production continues like this...talk about a power house, wonder why they haven't bought some of the smaller guys out given most are in trouble.. Fred did a great job positioning HIVE
Contrary to what you may hear, management has positioned the Company nicely for the next halving and subsequent bull run.
wow look at that price target $14 and we have haven't seen the FINS... I expect to see the FINS tomorrow..and when they are released im expecting about 100 million in Cash /assets... with no debt..
Kevin O'Leary "Mr. Wonderful" provides excellent insight into Crypto-Miners with regard to being carbon compliant.
Bitcoin & Crypto Market Need More Pain | Kevin O’Leary | Full Interview
Oh gee, I wonder what Crypto-Mining Company I can invest in that uses 100% green energy and is therefore carbon compliant?
LOL, they sold the ETH back when it was trading much higher to fund the INTEL purchase. They plan on continuing to sell ETH and BTC to take advantage of lower prices for mining equipment brought on by the bear market.
lol, they mine around 2500 ETH coins a month.
Some publicly traded companies at least try to show a little compassion and understanding for their struggling Investors and their PPS. Even if it's only for appearances sake. A stock buyback, Insiders buying (Form 4)
But none of that for Frankie The Lowlife Scumbag POS. No way, no how. F**k the shareholders. We owe them nothing. The only thing they're good for is dilution and REVERSE SPLITS. You expect Frankie to spend some coin and buyback some shares? ROTFLMFAO!!!!!!!!!
Hey Shareholders and Loyal Mushrooms. You're on your own. If/when I need you I'll let you know, until then, well, you know that volatility is tough and if you can't take it and expect for us to do something about it, well, maybe $HIVE is not for you. We want Mushrooms. Faithful, adoring, gullible, uneducated Mushrooms. All others need not apply. When we throw out our bullshit we need our investors to STFU and chow down.
So selling 70% of your coin holdings does not count as selling coins.
It's just the "other" guys that are selling coins, not $HIVE. Hmmmm.
Sounds like logic you'd expect from a political debate in Florida, Texas, or Arizona.
Surely there's a subset of humanoids that see that as pure logic.
Like Market Caps don't change. REVERSE SPLITS are purely "psychological."
ROTFLMFAO!!!!! I heard Frankie just spent some coin to buy a heavy duty 8,0000 mile extension cord and a few thousand fault tolerant power strips from The Home Depot!!!
Frank Holmes, Executive Chairman of HIVE stated “HIVE is experienced in managing the recent volatility since we were the first digital asset mining company to go public in 2017 and have experienced both price surges and massive downdrafts or “crypto winters” before and have strived to maintain a strong balance sheet of Bitcoin and Ethereum which is completely unlevered. The Company maintains its business as a cash flow positive enterprise, without any significant debt (aside from a long-term real estate mortgage from Canadian bank with less than 4% interest), and no equipment financing on any of our ASIC and GPU fleet.
July 7, 2022
HIVE Blockchain Provides June 2022 Production Update
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022.
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 June 2022, with a BTC HODL balance of 3,239 Bitcoin and 7,667 Ethereum as of July 6, 2022.
June 2022 Production Figures
HIVE is pleased to announce its June 2022 production figures and mining capacity:
278.5 BTC Produced
2.17 Exahash of Bitcoin mining capacity at beginning of June
Increased to 2.24 Exahash of Bitcoin mining capacity during the month of June, and 2.0 Exahash at the end of June some miners were temporarily taken offline and are the process of being swapped out for higher efficiency miners and layout optimization
2,542 ETH Produced*
6.26 Terahash of Ethereum mining capacity at beginning of June
6.0 Terahash of Ethereum mining capacity at end of June, some miners were taken offline temporarily for layout optimization due to higher summer temperatures
*The Company’s production of ETH from GPU mining (including selective optimizations of GPU hashrate) has yielded a total ETH production of 2,542 ETH
Frank Holmes, Executive Chairman of HIVE stated “HIVE is experienced in managing the recent volatility since we were the first digital asset mining company to go public in 2017 and have experienced both price surges and massive downdrafts or “crypto winters” before and have strived to maintain a strong balance sheet of Bitcoin and Ethereum which is completely unlevered. The Company maintains its business as a cash flow positive enterprise, without any significant debt (aside from a long-term real estate mortgage from Canadian bank with less than 4% interest), and no equipment financing on any of our ASIC and GPU fleet. In June we produced an average of 14.0 Bitcoin Equivalent per day, comprised of approximately 9.0 BTC per day and our Ethereum production. We are pleased to note that as of today, we are producing approximately 9.4 BTC a day in addition to approximately 90 Ethereum per day. We are seeing the ‘Great Unwind’ of highly leveraged Proof of Stake fin-tech companies that represented themselves as modern crypto lending platforms. This unwind is causing selling pressure in the crypto markets at large. We see how the abuse of leverage without regulation, which is endemic in Proof of Stake projects, causes volatility. We believe imprudent ‘crypto cowboys’ have created a situation akin to the Long Term Capital Management LP (LCTM) crisis of 1998, yet this time without a Federal Reserve to bail them out.”
It reminds of 2017 during the ICO craze when tokens were being launched only to crash and burn in 2018 and the last crypto winter ended Feb 2019. These cycles are filled with new innovation and aggressive players. We are cautious, seeking out opportunities and remain firm in our belief that Bitcoin and Ethereum will survive to thrive again after all the over-leveraged players are forced out of business.
Aydin Kilic, President & COO of HIVE noted “We continue to strive for operational excellence, ensuring that as we scale our hashrate as a company 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 June, equated on a daily basis, is approximately equal a monthly total of 142.3 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 278.5 BTC produced from our Bitcoin mining operations during June, for a total of 420.8 Bitcoin equivalent”
The Company’s total Bitcoin equivalent production in June 2022 was:
420.8 BTC Equivalent Produced
14.0 BTC Equivalent produced per day on average
3.2 Exahash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH Hashrate) as of June 30), although the Company’s BTC equivalent hashrate peaked at 3.5 Exahash during the month, towards the end of the month some miners were taken offline for layout optimization
Coin Strategy
Over the past year we have been strategically selling some of our ETH holdings to fund the expansion of our BTC footprint, and brought our ETH position which was once at over 25,000 ETH to its current position of 7,667 ETH. We sold most of our ETH at much higher prices and made the wise choice to avoid lending-out our ETH to earn a yield because many of these lending schemes have gone bankrupt. During these challenging times in the market cycle that we are experiencing, we remain committed to our expansion plans. These plans will be funded through the selling of our current production of BTC and ETH, while striving to maintain our BTC inventory levels. Darcy Daubaras, CFO of HIVE stated, “We are able to undertake this strategy and maintain coin inventory levels as a result of keeping a strong balance sheet position and never having entered into any agreements whereby our coin holdings have been staked, put up as collateral, or otherwise put at risk of being called by another party to cover a position due to the current decline in the price of crypto currency.” Mr. Daubaras continued, “This conservatism has put us in a favourable position to be able to continue our strategic growth in a controlled and manageable manner.”
Network Mining Difficulty
The Bitcoin network difficulty increased 1% during the month of June, although corrected by -2% towards the end of the month, thus ending the month 1% lower than the beginning of the month. The Ethereum network difficulty, both increased and decreased by margins of approximately 4% during the month of June. Although the average difficulty was consistent with levels seen at the end of May. These factors impact our gross profit margins.
Here's Kevin O'Leary being himself showing off his verbal brutality.
Further dilution on the way. Another REVERSE SPLIT. PPS still under $1 pre 1:5 REVERSE SPLIT
Down 90% since ATH
Down 33% since June 1st.
Lower Highs & LOW, LOW, LOOOOOOOOOOOOOOOOOOOWER LOWS!!!
BTW: Where is all that Institutional money Frankie told his Mushroom Investors was waiting on the sidelines? Mushroom Investors. Looks like Frankie has 2 left.
Dumb & Dumber. ROTFLMFAO!!!!
The last word from HIVE was about not only having the ability to survive the crypto winter, but having the possibility of acquisitions, or at the very least acquiring ASICS that other miners can no longer afford.
Core Scientific sold over 7000 BTC. They may not survive a prolonged crypto winter.
Crypto Miner Core Scientific Dumps $165M Bitcoin to 'Enhance Liquidity'
I know how difficult it must be to watch your bad investment circling the toilet drain, round and round, down and down and being so far underwater investors just have to take a bite of the same chit sandwich every single day.
Hey Shadow, do you know what a mocking bird sounds like?
Mock, mock, mock, all day long. One sound only. At least a one-trick Pony walks around, jumps every now and then. But a mocking bird makes one sound again and again and again and again until the end of days. Monotonous fingernails on a blackboard repeating something we all know and don't need because it's neither creative thought or interesting.
Mock, mock, mock forever.
Hive, on the other hand, solves problems, One by one by one.
I wonder what HIVE will do next? Today many miners released their June numbers. Let's hope HIVEs number keep up with their recent run of good stats. If they do that in this environment, they will have proven they can manage in the worst of times.
Miners selling their BTC...DUH...it happens during every Bitcoin cycle!!!
HIVE has been selling their ETH coins to fund INTEL Miner purchase.
HIVE is hodling their BTC to date.
HIVE did an ATM in anticipation of the Market downturn.
HIVE is one of , if not the most efficient Miners.
Bitcoin Miners Are Selling Their Bitcoin?!
. . . . some investors don't have a clue regarding what it is they are invested in and think they own the Bitcoin Asset!!!! The Asset will be fine, believe me, I own it!!!!! King Bitcoin!!! $HIVE Shares???? The Court Jester and Frankie the Carnival Barker walks away with millions!!!!!! Thanks to all my faithful, loyal, dumb, worshippers!!!!!
WRONG!!!!! They own worthless paper in a company that HODLs
Bitcoin and soon will be selling them to keep the lights on, or begging for money from a lender which will be payed for by Bag Holding Mushrooms through more dilution!!!!!!!
The announcement should be coming any day now. $100,000,000.00 or more Public Offering. NASDAQ Warning. Selling Bitcoins. Back to the OTC!!!!!
ROTFLMFAO!!!!!!!!!!!!!!!!!!!!
Crypto Mining Giant Dumped Most of Its Bitcoin Holdings in June
https://www.msn.com/en-us/money/markets/crypto-mining-giant-dumped-most-of-its-bitcoin-holdings-in-june/ar-AAZemEJ?ocid=mailsignout&li=BBnb7Kz
ROTFLMFAO!!!!!!!
Get ready for the next Public Offering
Hard Money with Natalie Brunell - Michael Saylor on Bitcoin Crash, BlockFi Sale?! & Celsius Fall Out
Go-To 15:45 for thoughts on Bitcoin Miners. (Hint, hint, own the asset)
[Public Service Announcement
$HIVE PPS Weekly Average Close -- Year-To-Date
January - Wk I $2.76, Wk II $2.50, Wk III $2.39, Wk IV $ $2.14, Wk V $1.84
February - Wk I $1.99, Wk II $2.14, Wk III $2.07, Wk IV $1.89
March - Wk I $1,97, Wk II $1.76, Wk III $1.84 Wk IV $2.05
April - Wk I $2.20 Wk II $1.96 Wk III $1.78 Wk IV $1.72 Wk V $1.58
May - Wk I $1.50 Wk II $1.01 Wk III $0.88 Wk IV $3.90/$0.78
June - Wk I $4.16/$0.83 Wk II $3.82 / $0.76 Wk III $2.97 / $0.59 Wk IV $3.16 / $0.63
July - Wk I $3.16/$0.63
27 weeks YTD - 18 weeks Down (67%) - 8 weeks Up (30%) - 1 week N/C (4%)
$HIVE DOWN 89% since ATH
$HIVE DOWN 73% YTD
$HIVE DOWN 22% since June 1, 2022
$HIVE DOWN 27% since 1:5 REVERSE SPLIT
Frankie The Lowlife Scumbag POS thanks his Mushrooms for their continued support, worship, & contributions.
ROTFLMFAO!!!!!! from the looks of it many of his faithful and loyal Mushrooms have taken their lumps, sold off, and moved on!!!!!!
Clarification: You don't own the commodity, Bitcoin, you own the security, increasingly worthless shares in a Bitcoin HODL'ing Miner who owns the Bitcoin.
Better off listening to those Monetized, Click Seeking YouTubers with less than 1k subscribers that spew Bitcoin Miner Bullshit for Frankie The Lowlife Scumbag POS.
BTW: I tried pointing out to you once before. You keep referencing the tag line "Everyone is WRONG" so logically, if that is a true statement then the source you're citing is also WRONG!!
ROTFLMFAO!!!!!! Everyone is wrong, so who does that leave that's right?
Warning: Everyone is WRONG About When Bitcoin Bottom - This Will Happen Instead
Source: Crypto Crew University
Another day in the Bitcoin Mines, is like a chit sandwich.
Everyday ya gotta take another bite!!
Snapshot:HIVE
HIVE BLOCKCHAIN TECHNOLOGIES LTD
$2.92 Down, Down, Down -0.19 (-6.1093 %) AS OF 9:52:58AM ET 06/30/2022
Lower Highs & LOW, LOW, LOOOOOOOOOOOOOOOOOOOOWER LOWS!!!!
ROTFLMFAO & waiting for $1/$0.20!!!!!
Expect a new round of Dilution and/or another REVERSE SPLIT.
The Dumbass POS couldn't even get the RS ratio right. Anybody catch sight of those "Institutional Investors" Frankie The Fraud said they'd invest if the price was higher? Underwater Investors will catch sight of the Titanic before any Institution comes near this, or any Bitcoin Miner, POS.
WOW!!!
Volume 224,247 CAPITULATION!!!!
ROTFLMFAO!!!!!!!!!!!!!!!!!!!
they follow the leader of the pack
Yeah so I think I know the investor you are referencing and I understand their strategy. I can see how naive/inexperienced/noobs would be confused.
Let's begin with the premise that ALL Bitcoin Miners are scams and therefore should only be used as a means to an end. The "end" being to build a holding of the Asset, Bitcoin, and not be stuck holding shares in a company that HODLs Bitcoin and uses investor money to support their continued operation thru Public Offerings (Dilution) and REVERSE SPLITS. i.e. $HIVE
The investor in question bought in long ago at $0.49 and continued to flip and flop their shares up to $HIVE's ATH and by doing so (buy low/sell high - wash/rinse/repeat) realized profits which were then used to buy The Asset, Bitcoin. After a period of continued profit taking the investor was able to "play" with what were/are now "free shares."
The investor has correctly identified Frankie The Lowlife POS's scam and is able to see thru his conman, used car salesman bullshit and therefore has successfully accumulated his own store of HODL'ed Bitcoin and continues to add to it using the strategy described above.
Meanwhile the inexperienced, gullible, naive investors are stuck underwater unable to sell without absorbing losses and are forced to endure Frankie's continued exploitation of them through Dilution and REVERSE SPLITS.
Having sold 10k (free) shares before the 1:5 REVERSE SPLIT was effectuated the investor is now waiting for the pps to fall back down below $1/$0.20 (post/pre split) when they will buy back in and wait for the next run up. (Wash/Rinse/Repeat)
A reminder: Investors in $HIVE (and any other Bitcoin Mining Scam for that matter) *DO NOT* own any Bitcoin. They own increasingly worthless shares in a company that owns and HODLs Bitcoin.
Hope this clears up any confusion, but I suspect it's hard to read underwater.
How much Cash on Hand does HIVE have?
Some investors have a distinct lack of understanding with regard to Bitcoin, cryptocurrency, and crypto miners.
Because this is their first Bitcoin Cycle, they have misconceptions based on their experience in penny stocks.
Bitcoin dominance with regard to alt coins, the Bitcoin halving, and how Miners like HIVE will outperform Bitcoin in the next bull run is beyond their current experience.
For example, here a penny stock Investor had an excellent entry for HIVE at $0.46.
I got in @ $0.46
But the investor, not understanding his entry near the beginning of the next bull run,
sold HIVE on 12/18/20 when Hive closed @ $1.98
A good return, but that Investor sure left a lot on the table.
Once Bitcoin has a confirmed bottom, I'll be stacking me some HIVE and riding the next bull run!
Back by popular demand...MORE SEBASTIAN!!!
Are Miners In Trouble With Their Loans? Marathon Hashrate Falls To 600 ph/s! Bitcoin Looks Bearish!
$HIVE is down 90% over the last 6 months and the 1:5 REVERSE SPLIT is not helping at all.
So you would rather own a POS stock worth practically nothing instead of an asset worth $20k and due to rise beyond its previous ATH of $69k?
. . . and you further believe that $HIVE will hit and pass its ATH of $28.00?????
ROTFLMFAO!!!!!!
Hey Look!
Snapshot:HIVE
HIVE BLOCKCHAIN TECHNOLOGIES LTD
$3.305 Down, Down, Down -0.135 (-3.9244 %) AS OF 11:06:19AM ET 06/28/2022
Better grab those shares while they're still over $3. That's the investing strategy of $HIVE investors, right? Buy High / Don't Sell, just HODL until they're worthless!!!!
Lower Highs & LOW, LOW, LOOOOOOOOOOOOOOOOOOOWER LOWS!!!!
Yeah, just sayin'
The Asset, Bitcoin!! is down 56% over the last 6 months. Just sayin..
Yeah, but accumulating The Asset, Bitcoin!! *NOT* $HIVE. Bitcoin is King
The time to accumulate $HIVE will be when it drops below $1 / $0.20 post/pre 1:5 REVERSE SPLIT.
At least that's when I will buy back in!!!!!!!!
Ah no, that's definitely *NOT* what I'm saying, but of course that's the way Frankie the Lowlife POS would spin it and his Adoring, Faithful, Worshipping Mushrooms would interpret it.
Cheeses.
EDIT:
Public Service Announcement
$HIVE PPS Weekly Average Close -- Year-To-Date
January - Wk I $2.76, Wk II $2.50, Wk III $2.39, Wk IV $ $2.14, Wk V $1.84
February - Wk I $1.99, Wk II $2.14, Wk III $2.07, Wk IV $1.89
March - Wk I $1,97, Wk II $1.76, Wk III $1.84 Wk IV $2.05
April - Wk I $2.20 Wk II $1.96 Wk III $1.78 Wk IV $1.72 Wk V $1.58
May - Wk I $1.50 Wk II $1.01 Wk III $0.88 Wk IV $3.90/$0.78
June - Wk I $4.16/$0.83 Wk II $3.82 / $0.76 Wk III $2.97 / $0.59 Wk IV $3.16 / $0.63
26 weeks YTD - 18 weeks Down (69%) - 8 weeks Up (31%)
$HIVE DOWN 87% since ATH
$HIVE DOWN 73% YTD
$HIVE DOWN 3% since June 1, 2022
$HIVE DOWN 15.2% since 1:5 REVERSE SPLIT
Don't worry, Frankie has his Mushrooms covered . . . . in wall-to-wall BULLSHIT!!!
Ok, thanks. So you're saying this is wayyyy oversold and it is time to start accumulating in a big way. Thanks again.
Another purely unbiased "opinion" brought to you by the "Go-To" resource for, well, EVERYTHING!!!!!
. . . oh wait
Any miner who HODL is hurting. The non-HODL'ers are going to survive the coming shakeout in crypto miner land.
https://bitcointreasuries.net/
HODL and non-HODL miners have come down dramatically. But the non-HODL miners have been selling their bitcoin and they mined. So their average Bitcoin price they sold at is over $35,000. They have cash and are going to be buying crypto mining machines at discounts from the cash strapped miners.
If you look at the list of HODL miners above, there is one miner that is not on the list--MIGI. I am sure there are a few other publicly traded miners that did not HODL, but these are the ones that are going to benefit from the rebound because they have CASH to buy more machines on the spot market.
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