HIVE Blockchain Technologies Ltd (HIVE)

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Hey guys, don't be looking for quarterly results that will hit the roof. The quarter would have ended in September and Hive only obtained the first data centre from Genesis in mid September. Therefore very little mining would have been done in that quarter. The second one was obtained in October. The Sweden data centre is anticipated to be completed by December 2017 with further expansion to be completed by March 2018. Overall HIVE will have 78% of its hashrate in Sweden with 22% in Iceland.

HIVE also announced in June 2017 that "Based on the computational capacity of the first Data Centre, the historical prices, and required hash rates, and using a mine and immediately sell strategy, the trailing 12 month EBITDA would have been approximately US$7 million."

Doing the maths this 7 mil represents 22%, therefore when all data centres are up by March the income (at June 2017 prices) from mining cryptocurrency will be around 31.8 mil. In June Eth was about 225$. Considering ETH is near 500$ now and may increase by March next year, we are looking for income to reach respectable levels by June next year.

So, I think that the income now will be flat and the bears will rush in putting further pressure on the price. However, this is basically a new company and the returns are going to hit the roof 9mths to a year down.

This is my opinion.