Harry Pokrandt, founding CEO of Hive Blockchain, discusses major industry competitors and hash rate market share.
Insight
Mining offers unmatched capital deployment speed despite extreme margin volatility
“You know, mining, I think, is a great business. I don't know of another business where you can deploy capital as quickly and get the returns that you do. The problem with the business, though, is that forecasting is very difficult and the margins are very, are…”
Assertion Supported
China's environmental concerns over coal power are pushing miners out
“The stuff in China, it's regional based, but, ah, a lot of that, ah, power that's being generated is coming from thermal coal. So and China is, is more concerned about environmental issues these days. So that's the reason why a number of the miners are getting…”
Disclosure
Hive Blockchain invests over $100M in Swedish crypto mining facilities
“The one in Sweden, we're investing over a hundred million US on both of the facilities there. So there'll, there'll be roughly 40 megawatts of capacity in, in a data center in, in, in Sweden there.”
Assertion Supported
Hive Blockchain raised 17M CAD going public on TSX Venture
“We went public on the TSX Venture Exchange. The first the first raise was about was seventeen million dollars Canadian.”
Assertion Supported
Hive Blockchain raised roughly 200M CAD by December 2017
“And then in December, we raised another hundred and fifteen million Canadian again, equity, and it was institutional and retail as well. So we've got quite a big following. So we raised roughly two hundred million Canadian until the end, by the end of December…”
Assertion Partly supported
Hive Blockchain hit a $30M quarterly revenue run rate
“The run rate revenue that we're at the, at currently is about a, is thirty million dollars for this quarter.”