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HIVE remains a favourite of ETFs and hedge-funds, emerging unscathed from a treacherous macro environment as well as pivoting deftly from being a dual BTC and Ethereum play, to BTC and AI.
Alongside their Bitcoin mining business, their high-performance computing (HPC) business line - which utilizes high grade NVIDIA 80GB commercial GPUs - has reached a $1.3 million run rate with potentially more to come, as the demand for AI, medical research, machine learning and rendering grows.
It’s a moot point whether we own a Bitcoin mining company with a diversified income stream from high-density computing – or a cloud compute front runner that also happens to have a 6 EH/s Bitcoin mining operation. When you consider those two tailwinds for HIVE over the next few years, Bitcoin and AI, we think either one is a winning proposition.
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