HIVE: Red Flags In Quarterly Release

Macrotips Trading profile picture
Macrotips Trading
2.19K Followers

Summary

  • HIVE is a crypto miner with mining assets in Canada, Sweden, and Iceland.
  • At current BTC and ETH prices, HIVE appears to be mining at negative gross margins.
  • HIVE is the most exposed to Ethereum, which is transitioning to Proof-of-Stake in the next few months and could make mining equipment obsolete.
Server room data center for cloud computing

luza studios

HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) stock rose almost 8% on the back of its recently released Q4/2022 earnings. I find the reaction puzzling as I found the earnings report to be negative, while the stock reacted very positively. Of course

This article was written by

Macrotips Trading profile picture
2.19K Followers
I spent 5 years as a co-founder and hedge fund CIO / manager. Before that, I was a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager. I write articles as part of my own due diligence on the stocks that I find interesting, for one reason or another.Follow me on twitter for my thoughts on macro trends.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (7)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.