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"Bit-ness", good one...
HIVE Blockchain Orders 3,000 MicroBT High Performance Bitcoin Miners and Mines it’s 1,000th Green and Clean Bitcoin to HODL
https://hiveblockchain.com/news/hive-blockchain-orders-3000-microbt-high-performance-bitcoin-miners-and-mines-its-1000th-green-and-clean-bitcoin-to-hodl/
Makes perfect sense, right?
Supposedly, up until November 2020 Hilla Kochavi was the Marketing Communication Consultant for OWC Pharma.
A "marketing consultant" for a fraud that never marketed anything!
Port, to be clear, my original post regarding Hive's strategy as to what they started mining and what they mine & do now, was intended to be a POSITIVE.
I bought this up due to much discussion about Cardano (ADA). We have heard that Frank isn't interested, but this doesn't mean the company won't get more exposure to Cardano in the future.
We then went down a respectful, informative wormhole which I think is good for all investors?
Regarding the "birth" of Hive Blockchain, a shitty Canadian penny stock known as Leeta Gold, was inseminated in June 2017 with funding from Genesis, and in September 2017, a new company, Hive Blockchain was born via a reverse merger.
Prior to being Leeta Gold, they were Pierre Enterprises & prior to that they were Carmelita Resources. All small time gold miners. I know since since Carmelita was one of the first penny stocks I bought in the late '80's or early '90's & never sold. Each of those companies were basically losers that existed due to continued toxic funding. In September 2017, I received 200 shares of Hive thru the RM. (my reward for being stupid enough to never sell!)
Despite many reports mentioning Leeta & "crypto mining", they are inaccurate. None of those early companies touched crypto. Those news services pick that stuff up as if Hive has been around longer than they actually were.
The public company we are all invested in, Hive Blockchain, did NOT always mine Bitcoin. Yes, Genesis did, a different company, but "some people" with Genesis helped form the "new company", Hive. If Genesis also sold "Betamax" discs, we can not say "Hive used to sell Betamax, right?
And yes, everything you said about Genesis was indeed a cluster-fudge.
For confirmation, I reached out to Frank earlier today. He responded to my email in about an hour! I'm on my tablet & don't know how to "screenshot" the email, so I'll post the text:
*
Date: Monday, September 6, 2021 at 11:39 AM
To: Frank Holmes <fholmes@usfunds.com>
Subject: Hive Question NOT related to report filings.
Frank,
As an original investor since going public September 2017, I have confidence HVBT will make the right decisions as to if/when the company would pivot into or out of other cryptocurrencies.
The topic recently came up in a discussion with another investor who said "Hive has always mined Bitcoin". My understanding is the company didn't start to mine Bitcoin until late 2018?
Can you provide the approximate timeline as to when Bitcoin was first mined, or was it being mined & perhaps immediately sold at startup?
Thank you,
XXX
ANSWER
Re: Hive Question NOT related to report filings.
Sep 6 at 1:06 PM
Hive was to start BTC mining in Spring of 2018 and this was one of the big dissapointments with Genisis Mining not building our facility in Sweden after giving them $34 million and basic breach of agreement and then the former Presdient renegotataed that we would mine in the cloud with their services and this was probablamtic but we did start BTC mining in late 2018. We stopped until we purchased Lachute in 2020. We are very pleased that Hive Atlantic is progressing well and we have hit 1 exa hash and growing our capacity by the month. WE are mining BTC also in Sweden.
Thanks
Peace
Ray, as Frank likes to say, "think of Hive as a proxy for cryptocurrencies". Or something close to that? I take that to mean "rely on other experts to pick the right cryptos?"
I'm a bit more than a decade behind you and made my living as an IT professional who had to stop working due to MS disability. With that, my laptop is still running Windows Vista! My wife bought me a new laptop last Christmas that I still haven't transitioned to. Each time I've considered buying cryptos directly, I've chicken'ed out thinking I'm too lazy to deal with setting up the account, a wallet, security, etc.
TMI?
As rock goes, I spent my first 40'ish years in Northern NJ & have literally been to 100's of concerts in NNJ & NYC. My wife & I saw "Tool" in VA in 2019 so we're still rocking too! (Maybe a bit to intense for nursing homes?)
Rock on...
Are you sure you're thinking of Hive? I didn't dig deep enough, but I did go back to their "first 2 financial reports" & the word "Bitcoin" doesn't exist?
I held shares of "Leeta Gold" which was the company they RM'ed into around September 2017. I've been in since the start & don't recall Bitcoin, which I know, "memory" doesn't count!
From their very first filing for September 30, 2017:
Digital currencies have a limited history and the fair value historically has been very volatile. Historical performance of digital currencies are not indicative of their future price performance. The Company’s digital currencies currently consist of Ethereum, and a 25% variance in the price of Ethereum could have a $45,000 impact on the Company’s earnings before tax.
Also, the only revenue recognition in the report is for Ethereum. Since revenue is recognized when coins are "mined", where is Bitcoin?
From the December 31, 2017 filing:
8. Digital Currencies
As at December 31, 2017, the Company’s digital currencies consisted of the below digital currencies, with a fair value of $5,827,805.
Digital currencies are recorded at their fair value on the date they are received as revenues, and are revalued to their current market value at each reporting date. Fair value is determined by taking the hourly volume weighted average price (per the Central European Time zone) from www.cryptocompare.com.
December 31, 2017
Carrying Value
Ethereum 5,296,327 $
Ethereum Classic 482,046
Z-Cash 49,432
Total $ 5,827,805
*
What am I missing?
ps I'm never offended if I post incorrect info & corrected!
Yes, this I was aware of the BTC update & kind of goes to my point: At one time HVBT was exclusively ethereum based & realized they needed to get into BTC, so they did. Just looking for confirmation they "could" do the same for ADA, or whatever.
Thanks again & for the offer!
Thank you.
I realize I'm opening myself up to ridicule regarding ADA, but... When I Google "can you mine cardano", the answers are "no, yes, sort of?"
With that, we've heard "Dear Leader" has said "not interested" regarding ADA. So "if" ADA becomes the "thing", is there anything preventing HVBT from transitioning to it? They started exclusively mining ETH/ETC and then moved to including BTC, right? Have they not made significant moves since inception in 2017? Will Ethereum crumble overnight? Wasn't ETC supposed to crumble by now?
Wish I could ask my Magic 8 Ball (yes, I still have one) "where will ALL crypto's be in 1 year". I think the answer would be "ask again later"...
I thought the excuse for the BJ's delay was because the CEO died? Are they waiting for him to come back to life?
If they had "ANY ASSETS", would they be in this position?
BTW, Q1 report was due yesterday. What's up with that?
(Sorry in advance!)
Curious of your opinion of the "tabular disclosure"? IE debt obligations. If their cash/assets are what we think they are, (please don't blast me Hobo) this seems quite manageable?
I really don't know why, but I continue to receive emails from Joey & his new life as a realtor with the "awesome realty company" he works for. I assume because I sent him a couple emails at GIGL?
Maybe I haven't blocked them (yet) because I like pain & suffering and this way I can continue to be reminded of what a stupid mistake I made & not make again?
She also holds a degree in Psychology. So how does that make you feel?
Thanks for your time...
So I sent Mr. Woo of Ascendiant Capital an email asking for the "Verb research reports". I simply said I was a long term investor in Verb & provided my name. I wasn't asked for any additional personal info etc.
This was around 9PM EST. Within about 30 minutes I received 2 pdf's, the "initial coverage" & today's "upgrade". BRIEFLY skimmed them. Easy to get for those that want them...
Shouldn't it be real simple for "someone" to post proof of a former Microsoft VP?
Something woke this up?
Never mentioned the name, but like I said, they CLEARLY showed the NxtLvl can in Manny's hand TWICE via still photos. I had that channel on all day & saw it live for myself.
Gasparino seems like a legit dude so I doubt "he's in on anything shady" & does like the product.
You and a couple others have been wrong in your predictions for a while now as to "when" the ride will end. People "are" making money. Maybe at least accept that?
FWIW I cashed out my remaining few shares around .006, hold none & doubt I'll buy back in. I made a very nice profit including the shares I purchased in 2014 over .30 cents while never pumping or making sheet up so I sleep well at night.
OT We've lived here year-round for almost 15 years. Never evacuated. Matthew was scary along with some others. If you try to drive anywhere after the evac order & about 48 hours before storm hits, your subject to arrest or not allowed back to your home so you better have everything you need in advance!
Wife is an RN in local hospital <5 miles away. Each storm your either on the "stay" team or "go" team, always flip flops. If you're on the stay team & don't make it to hospital for any reason, you're fired. Told to bring your own linens, supplies, etc & ride it out. If they evac all the patients 3-4 hours inland, you go too but you need to find your own way home after storm!
Our building is 6" concrete & steel walls, floor, & ceiling. (Felt ok about that before Florida bldg collapse) Hurricane resistant glass wall/doors installed couple years ago too.
I take preparations serious but ya never know...
1) Santa Claus was an obese, old, heavy drinker. He died from Covid so no truck for you.
2) I'm the one who posted the crazy prediction. I thought it was funny. It was from some chick I never heard of with no ties to Frank or mention of Hive. Not sure how he got blamed, again?
3) Where does the .63 come from?
Yes, this "could be" The dawning of the age of aquarius...
So this would be cool:
Triple Halving author says Ethereum will reach $150,000
https://www.fxstreet.com/cryptocurrencies/news/triple-halving-author-says-ethereum-will-reach-150-000-202108201703
So when ETH hits $150k, that's about a 46x increase from today. Using "only" half that at 23x today's closing of 3.25 puts Hive at a PPS of 74.75
That could happen, right?
I said it first.
So Charlie Gasparino from Fox Business News spoke multiple times today about Manny Pacquiao (including interviews with him) and about "Manny's" hydrogen water.
He said he drinks it himself after workouts & "it's great & really works". (Or something close to that) Never mentioned the NxtLvl name, but they did show clear pics of Manny with a can in his hand.
Haha bears...
Looks like this has really been OWCP'd. Shocking!
No worries & "yes", NY Yankees/NY Giants so "I get" the sports analogy but does the "new guy" have enough of a "record" yet? With crypto considered to still be "new", how many qualified people out there have a a "long", proven record running a cryptocurrency company?
Consider the sources, but from Frank:
“I have known Aydin for the past 3 years and have found his knowledge and experiences in Bitcoin mining and Data Center Management invaluable” said Executive Chairman Frank Holmes.
Aydin Kilic has a 20-year career as an entrepreneur and electrical engineer with expertise in cryptocurrency, capital markets, real-estate development and scientific research. Mr. Kilic founded Fortress Blockchain Corp. in 2017 a Canadian public company in the blockchain industry mining BTC.
Headline from Seeking Alpha:
Hive Blockchain appoints cryptocurrency expert Aydin Kilic as President and COO
*
Maybe this is just a "start" of changes?
Ragging on you really wasn't my intent but you really seem to be losing it so I couldn't resist. Sorry.
Seriously though the new COO hasn't even received his "HIVE Hat" yet and you're complaining about him?
The only real choice investors have is to buy or sell. And my opinion once someone "is" an investor is they have the right to bitch & complain all they want.
Blame Canada
HIVE BLOCKCHAIN ANNOUNCES THE APPOINTMENT OF AYDIN KILIC AS PRESIDENT AND CHIEF OPERATING OFFICER
https://www.hiveblockchain.com/news/hive-blockchain-announces-the-appointment-of-aydin-kilic-as-president-and-chief-operating-officer/
Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce today that the Company has appointed Mr. Aydin Kilic as President and Chief Operations Officer. He will report to Executive Chairman Mr. Frank Holmes while overseeing all operational activities, across our facilities in Canada, Iceland and Sweden.
“I have known Aydin for the past 3 years and have found his knowledge and experiences in Bitcoin mining and Data Center Management invaluable” said Executive Chairman Frank Holmes.
Aydin Kilic has a 20-year career as an entrepreneur and electrical engineer with expertise in cryptocurrency, capital markets, real-estate development and scientific research. Mr. Kilic founded Fortress Blockchain Corp. in 2017 a Canadian public company in the blockchain industry mining BTC. Further, Aydin Kilic will bring to the Hive team a comprehensive understanding of Canadian securities laws, public company audit demands, ESG investing and exchange rules governing publicly traded crypto mining companies. Further, Mr. Kilic has both a degree in Electrical Engineering and deep experiences in the Bitcoin mining ecosystem.
Additionally, Mr. Kilic lead real-estate development projects valued at over $150 million CAD through large re-zoning and permitting processes. He has secured over $100 million in project and construction financing from Canadian banks, in addition to overseeing the successful acquisition of over $100 million of real property transactions. Prior to this, Mr. Kilic worked professionally as a radio frequency (RF) engineer at Sierra Wireless, where he conducted research in electromagnetic science and worked in product development of compact broadband antennas for wireless wide area network (WWAN) cellular devices, collaborating globally with leading test laboratories in France and California.
Mr. Kilic holds a degree in Engineering Science (Honours) from Simon Fraser University, having specialized in high-frequency electronics and time-variant 3D electromagnetics. In addition, he holds a black-belt in martial arts.
Mr. Kilic’s has a diverse background and a tremendous amount of accumulated experience and expertise which will continue to propel HIVE forward during these periods of rapid growth. We look forward to welcoming him aboard.
Yes. I picked up a decent amount in high 2.70's. Thinking shoulda flipped 'em in 2.90's but there's always tomorrow...
On another note, Fox Business gave a positive mention again today calling Hive a "mover". So there's that.
What a coincidence "Ed Woo" was on the call and got a question in:
[Operator Instructions] The next question comes from Ed Woo with Ascendiant Capital. Please go ahead.
Like I posted back in June about "Ascendiant Capitol" after they "initiated coverage" of VERB.
Check their website of "coverage", and you will find that EVERYTIME THEY INITIATE COVERAGE, it is followed by a CAPITAL RAISE!
Usually by right about "NOW". If there were a "Vegas Line" on "will there be a capital raise soon", I would go ALL IN...
I Blame Canada
We have one negative here, a late filing.
Well whoopiedo!!!
Like that's never happened in the history of all Markets!
Maybe they'll acquire "ECIG"?
Good morning!
Gee, I hope the "Agent" is ok?
I wish I bought more shares under $1 not long ago to average down.
But I REALLY wish I sold more between $2.50 & $3.75 to get some of my money back...