Taking a strategic look at my crypto portfolio today, and HIVE keeps catching my eye. This established miner offers some compelling reasons for a long-term position. Let's dive in:
Proven Track Record: HIVE has been around longer than many competitors, navigating the ups and downs of the crypto market. This experience translates to reliable operations and consistent uptime, key factors for steady returns.
Efficiency Leader: They consistently rank among the most efficient miners, squeezing the most out of their resources. This efficiency translates to better cost management and potentially higher profitability.
Growth Focused, Not Frantic: While some miners chase aggressive expansion, HIVE prioritizes sustainable growth. This measured approach might limit explosive upside, but it also reduces risk and enhances their long-term stability.
Undervalued Potential: Currently trading below some peers, HIVE could offer an attractive entry point for investors seeking value.
Technical Considerations: The charts signal potential for solid growth, further strengthening the investment case.
Beyond Bitcoin: HIVE ventures into AI and high-performance computing, potentially diversifying its revenue streams and future-proofing its operations.
HIVE Mined 234 BTC in January, HODL Up 14%. Upgraded Fleet for Efficiency, Bracing for Halving.
Key Points:
Production: 234 BTC mined, HODL increased 14% to 1,939 BTC. Efficiency: Upgraded fleet with latest S21 miners, aiming for lower mining costs. Halving Ready: HODL strategy and efficiency upgrades position HIVE for Bitcoin halving in April.
Looks like business as usual from HIVE. 😎
Comment
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HIVE update, Weekly, hard right edge of the market. Original pitchfork, sliding parallel. No need to go to a modifier just yet imo
When do you think the pump will happen for HIVE ? Microstrategy is having one amazingly
AvenueWork
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@baojie13, Most are waiting for the usual 3-6 months after halving. The "when" you can never time.
Stone881
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Having traded miners for a couple of cycles, it is clear to me that the ETF's have sucked all the interest away. Very likely that the all time highs are in for the miners, regardless of price. I hope to be wrong on this as I still have some exposure, but the BTC miner only companies are in trouble. Hive and some others like DMG are diversified and should outperform.
AvenueWork
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@Stone881, I don't think so man. Miners are some of the best performing assets and are actually looking quite a bit stronger than 2020 imo
Stone881
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@AvenueWork, I hope that you are right, but the reason for buying them in past cycles, exposure to Bitcoin, is no longer the only game in town. Big money is flowing into ETFs, not miners.
@AvenueWork, Concerned yet? Looks like Hive is at least going to close the gap it left at 3.65 and could go to 3.25 where there should be some support.
AvenueWork
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@Stone881, Concerned that miners are still underpeforming considering where BTC is at the point in the cycle? Not really. Last cycle miners performed well during the latter phase of the bullrun, so will need to see how well they do towards the end of the year