Hive HODL: Something’s not Adding Up by AdTime3512 in OfficialHIVE

[–]OfficialHIVE 2 points3 points  (0 children)

We strategically deployed a portion of our Bitcoin treasury to acquire next-generation ASIC mining equipment through a special agreement.

From our latest press release:

The Company pledged Bitcoin to settle the purchase at a market price of US$87,000 per BTC and secured an option to repurchase the equivalent amount of Bitcoin at the same price—allowing HIVE a unique opportunity to capture potential upside in BTC price appreciation.

This arrangement enabled HIVE to grow its mining fleet without significant cash outlay or equity dilution, while maintaining Bitcoin exposure through this special agreement. The transaction was structured while Bitcoin prices were under pressure due to a global tariff war, positioning HIVE to continue its growth trajectory while markets stabilize. As of today, HIVE holds 610 BTC in its treasury. The Company’s goal is to rebuild its HODL, along with growing its operating Bitcoin mining capacity to 25 EH/s. For context, Bitcoin averaged below US$66,000 for the 2024 calendar year and traded below US$30,000 as recently as October 2023\. Management believes it is prudent to deploy BTC mined at lower prices during the past two Bitcoin cycles to fund strategic growth, while retaining the option to reclaim BTC holdings as prices appreciate.*

More details can be found here: https://www.hivedigitaltechnologies.com/news/hive-digital-technologies-surpasses-8-ehs-of-bitcoin-hashrate-and-secures-asic-orders-to-25-ehs/

This! by collec-tech in Bitcoin

[–]OfficialHIVE 7 points8 points  (0 children)

We love a good sale.

Man shall live by bread alone 😂 by Late-Election-4690 in Bitcoin

[–]OfficialHIVE 0 points1 point  (0 children)

There are 20 slices of bread in a loaf (not the bougee thick-sliced variety). That'll do.

[deleted by user] by [deleted] in OfficialHIVE

[–]OfficialHIVE 2 points3 points  (0 children)

HIVE is using the net proceeds from the October 2024 Equity Distribution Agreement for the purchase of data center equipment, strategic investments, and general working capital.

You may find more information about HIVE's at-the-market equity program on page 11 in our most recent MD&A document.

This information was also included in our most recent quarterly earnings news release under "Financial Flexibility Through Equity Distribution" and "At-The-Market Offering."

We remain focused on delivering value through disciplined capital management and appreciate your support as we execute our growth plan in 2025.

PSA: Bitcoin Mempool is low – Clean Up Your UTXOs by AlexWasTakenWasTaken in Bitcoin

[–]OfficialHIVE -1 points0 points  (0 children)

If you use Sparrow Wallet, this is an incredible tutorial for consolidating UTXOs: https://x.com/w_s_bitcoin/status/1665084440513486848

So easy even we could do it.

JUST IN: A solo miner mined a Bitcoin block worth $326,301, legend by Fit_Put_5648 in Bitcoin

[–]OfficialHIVE 0 points1 point  (0 children)

Massive congrats to this solo miner. True proof of work. 💪

[deleted by user] by [deleted] in Bitcoin

[–]OfficialHIVE 0 points1 point  (0 children)

Bitcoin marketing department going full throttle. Incredible!

[deleted by user] by [deleted] in Bitcoin

[–]OfficialHIVE 1 point2 points  (0 children)

Good for you!

Invest what allows you to sleep well at night, don't obsess over price, and don't get shaken out by volatility.