HIVE: Red Flags In Quarterly Release

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Macrotips Trading


  • 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.
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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

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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.

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