Hive HODL update from 875BTC to 1030BTC(155BTC difference)

iwanttobethebee commented 2 years ago

[ ] Name: Hive Blockchain
[ ] Exchange: symbol (NASDA:HIVE)
[ ] https://twitter.com/hiveblockchain/status/1435621455660728326
[ ] Bitcoin Purchase Basis price: they are a miner
[ ] Market Cap: $1.064B USD
[ ] Total BTC: 1030 BTC
[ ] Report coming next week, update done to their email updates and twitter

hivebtchodl

nvk commented 2 years ago

Do we know the basis cost?

iwanttobethebee commented 2 years ago

No

On Mon, Sep 20, 2021, 7:57 AM nvk @.***> wrote:

Do we know the basis cost?

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iwanttobethebee commented 2 years ago

Do we know the basis cost?

There's no basis cost because they mined the Bitcoin, On their latest quarter earnings they reported margins of 83% so the cost of mining could be 45*(100%-83%) so you could, in theory, put 7.65K but, the way they mine is not direct. They mine ETH, ETH classic and Bitcoin. Lately, it has been more profitable to mine ETH than BTC so the real cost of mining must be higher.

nvk commented 2 years ago

updated. thx

nvk / bitcointreasuries.NET

Hive HODL update from 875BTC to 1030BTC(155BTC difference) #301