nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Child Item

Hive Blockchain Technologies Limited

Captainsatnav

Setting up this thread as people requested it in Share Picks 2018. Earnings announced Wednesday, price dropped.

Find more posts tagged with

Quick Links

Comments

beertons

Doubled up with another hundred shares. Not beans territory for now.

q85dw7osi4lebg

https://www.forbes.com/sites/julianmitchell/2018/06/20/hive-the-blockchain-mining-company-providing-the-backbone-for-cryptocurrency/#5a9665b5a340

drunkmonkey

RoboKlopp wrote: »

Found it.

Bloomberg 'Earnings Announcement for Period Ending Q3/2018:06/25/2018'

https://www.bloomberg.com/quote/HIVE:CN

Hope your wrong or am I reading it wrong?, need the bitcoin to go a bit higher, here's the rules

What is the due date for the filing of financial statements?

For issuers that are not investment funds, the annual financial statements and auditor's report must be filed on or before 120 days after the end of the most recently completed financial year for a venture issuer and 90 days after the end of the most recently completed financial year for a non-venture issuer. Interim financial statements must be filed on or before 60 days after the end of the interim period for a venture issuer and 45 days after the end of the interim period for a non-venture issuer. For issuer that are investment funds the annual financial statements and auditor's report must be filed on or before 90 days after the most recently completed financial year. The interim financial statements must be filed on or before 60 days after the end of the most recent interim period

https://www.bcsc.bc.ca/For_Companies/Continuous_Disclosure/FAQ_Reporting_Requirements/#q7

[Deleted User]

drunkmonkey wrote: »

They've 120 days from end of the last quarter to produce audited yearly financials. Could be anytime between now and end of July.

Just looking at the big stakeholders like Fidelity, they haven't sold any shares. If it was going to 0 I'd guess they'd have jumped ship already and there in a lot higher than some of us.
Any insider trading would also have to be released but that doesn't seem to be happening either.

Found it.

Bloomberg 'Earnings Announcement for Period Ending Q3/2018:06/25/2018'

https://www.bloomberg.com/quote/HIVE:CN

drunkmonkey

RoboKlopp wrote: »

I thought I read somewhere earnings announcement on June 25th. May have misread

They've 120 days from end of the last quarter to produce audited yearly financials. Could be anytime between now and end of July.

Just looking at the big stakeholders like Fidelity, they haven't sold any shares. If it was going to 0 I'd guess they'd have jumped ship already and there in a lot higher than some of us.
Any insider trading would also have to be released but that doesn't seem to be happening either.

[Deleted User]

I thought I read somewhere earnings announcement on June 25th. May have misread

drunkmonkey

OwlsZat wrote: »

I'd like to see the math on current capacity at current prices. Real lack of availabilty with the numbers.

6 more weeks, feels like ethernity. You could always stick their capacity into what to mine and make a stab at the electricity cost.

Or Grindle, where's Grindle he's 2cent could be useful.

OwlsZat

I'd like to see the math on current capacity at current prices. Real lack of availabilty with the numbers.

drunkmonkey

beertons wrote: »

Anybody else tempted to double up?

Yea tempted don't think I have a choice, at these prices there's going to be a lot of selling pressure the whole way back up. Need to average down as much as possible. Still chaps who got in at 30 cent out there, even at 36 cent they'd still have made a nice return. How low can it go, the last guy to join the board bought in at $1.50 I don't think anyone was expecting the current state of affairs.
Nothing obivious why it's gone so low, still making plenty of money at current crypto prices.

beertons

Stephen Wooden Boot wrote: »

Have done a few times already.. might move onto the beans and toast and go again.

Not just me so.

I blindly pick a spice/herb off the shelf, and shake a bit in with the beans. Wife hates it, kids too. Me, I think it's fun.

q85dw7osi4lebg

beertons wrote: »

Anybody else tempted to double up?

Have done a few times already.. might move onto the beans and toast and go again.

beertons

Anybody else tempted to double up?

TheSheriff

This is the stock that just wont pick up. Really had hoped to have cashed out of this by now with some profit. The wait continues, will it ever happen at this point? Who knows?

[Deleted User]

Stephen Wooden Boot wrote: »

Are we goin to $0.00?

Looking that way!

q85dw7osi4lebg

Are we goin to $0.00?

drunkmonkey

Rocket ship is nudging 3.25, has left the launch pad, still clear of the downward channel, expecting a good movement in the next few weeks, reckon we're still 2/3 weeks away from blast off.

drunkmonkey

glasso wrote: »

there is nothing to stop them releasing the results early. those deadlines are deadlines i.e. latest date

results on 12 days operation for Q3 17 means nothing.

If it was me is hold off on the off chance there's a rally in Crypto before the deadline. It makes sense as they can say the horde in the safe is worth X.
The first 12 days make it easy enough to estimate current earnings.

[Deleted User]

there is nothing to stop them releasing the results early. those deadlines are deadlines i.e. latest date

results on 12 days operation for Q3 17 means nothing.

drunkmonkey

Stephen Wooden Boot wrote: »

Unbelievable delay this day in age.

It's the rules not much you can do about it, sure look if cryptos are flying at the end of July we'll be having a party.

q85dw7osi4lebg

Unbelievable delay this day in age.

drunkmonkey

glasso wrote: »

it's June 2018. why haven't they reported earnings since Q3 2017?
most public companies report a month or two after quarter end no?
would expect up to end Q1 2018 to be out by now.

They've 120 days from last quarter as it's year end, so looks like the end of July for audited year end accounts.

The Year-end Filing The year-end filing deadlines for: • Toronto Stock Exchange – “TSX” issuers is: 90 days after the financial year-end • Toronto Stock Exchange Venture – “TSX-V” issuers is 120 days after year-end

[Deleted User]

glasso wrote: »

it's June 2018. why haven't they reported earnings since Q3 2017?
most public companies report a month or two after quarter end no?
would expect up to end Q1 2018 to be out by now.

End of June I thought?

[Deleted User]

it's June 2018. why haven't they reported earnings since Q3 2017?
most public companies report a month or two after quarter end no?
would expect up to end Q1 2018 to be out by now.

drunkmonkey

RoboKlopp wrote: »

What if it goes to 25c or 10c?

No reason it can't

Absolutely no reason it can't before earnings, the lower the better I hope as want to buy more, don't think people get how they make money. There just looking at crypto prices and thinking these guys are bust, that's for from reality.

q85dw7osi4lebg

Picking up another 1000 in the next 24 hours. Have averaged down a lot, still can't see HIVE disappearing despite the hammering, so may as well.

Be greedy when others are fearful and fearful when others are greedy - drunkmonkeys ancestors

[Deleted User]

drunkmonkey wrote: »

The lower the better while it's drifting, I'd be happy to double up at 75c.

Upstarts ipo'n on the LSE http://hibusiness.ca/2018/06/13/london-stock-exchange-has-approved-first-crypto-company-on-its-list-of-stock-argo-blockchain/ hoping to compete with Genesis.
Think there mad, Hive has all the benefits of buying shares in Genesis without the cost of managing 2 million customers with daily payouts.

What if it goes to 25c or 10c?

No reason it can't

drunkmonkey

glasso wrote: »

so if crypto's keep tanking do these guys have a business?

what price levels are required to make them profitable?

could be a glut of gpu's on the second-hand market soon.

Very profitable as it is, if you look back to the first 12 days of operations with a tiny fraction of the capacity they still has a very healthy margin and that was when Ethereum was $299 it's $490 right now. Also electricity costs have come down and processing power has increased.

"Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (the “Company” or “HIVE”) is pleased to release its results for the second quarter ended September 30, 2017 (all amounts in US dollars, unless otherwise indicated).

In the quarter, HIVE formed a strategic partnership with Genesis Mining Ltd. (“Genesis”), the world’s largest digital currency mining hashpower provider. In conjunction, HIVE acquired and commenced operations at its initial 2.05 megawatt (“MW”) digital currency mining facility in Iceland. Included in the financial results for the quarter are just twelve full days of operations from the initial facility, which resulted in revenues of $170,819 and a mining margin of $112,959 (see Note 1). Although not illustrative of a full quarter or of HIVE’s rapidly expanding operations, these results mark the beginning of the Company’s commercial activity."

One bad thing about the next results is they may have to write down the value of their hoarded coins because of the drop in cryptop prices. Were unsure what's in the safe besides Ether so it could go anyway.
Regardless, it's making money and lots of it.

[Deleted User]

so if crypto's keep tanking do these guys have a business?

what price levels are required to make them profitable?

could be a glut of gpu's on the second-hand market soon.

drunkmonkey

RoboKlopp wrote: »

The way Eth is going this stock could be below 75 cent soon

The lower the better while it's drifting, I'd be happy to double up at 75c.

Upstarts ipo'n on the LSE http://hibusiness.ca/2018/06/13/london-stock-exchange-has-approved-first-crypto-company-on-its-list-of-stock-argo-blockchain/ hoping to compete with Genesis.
Think there mad, Hive has all the benefits of buying shares in Genesis without the cost of managing 2 million customers with daily payouts.

[Deleted User]

The way Eth is going this stock could be below 75 cent soon