IKN

untune that string and hark

HIVE Blockchain Technologies (HIVE.v) and the changing face of the Ethereum market

As we wait, bated breath, for the HIVE.v 3q18 financials (due out the end of this week), here’s a look at the changes seen in the Ethereum market since the last set of financials out of HIVE. In its 2q19 MD&A, Frank Bagholder Holmes was kind enough to add in a table that explained what sort of annual revenue the company could expect from its ETH mining at different market prices and hashrates: Here is it:

Thing is, the price of ETH has since gone (quite literally) off-scale to that chart. And not in a good way, either. ETH is currently trading at U$113, what Frank needs is a new line on his chart for the 3q18 filings. But fear not Frank! IKN is here to help you and happy to provide the chart you’ll require. Here ya go:
With ETH and the hashrate where it is today (212 tera and dropping fast), HIVE is staring at an annual revenue for mining of U$13m from its ETH rigs. Which should be enough to cover the company travel expenses.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.