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May 19, 2022, 7:10 a.m. EDT

Value Builds in Select Crypto Mining Stocks (HIVE, BLQC, RIOT, MARA, MSTR, SQ, HUT, BITO)

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    Riot Blockchain Inc. (RIOT)

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BlockQuarry Corp. /zigman2/quotes/201289845/delayed BLQC -4.96% President Pierce added, "2021 was a year of critical investments that are set to start paying this year and over coming years. And, given our hybrid model, we aren't dependent upon the day to day oscillations in the price of Bitcoin. Phase Two implementation is next up!"

Hive Blockchain Technologies Ltd. /zigman2/quotes/208543683/composite HIVE -5.54% went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.

The company defines itself as a growth-oriented technology stock in the emergent blockchain industry. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where it claims to source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.

Hive Blockchain Technologies Ltd. /zigman2/quotes/208543683/composite HIVE -5.54% recently announced that it intends to complete a consolidation of its common shares on the basis of five (5) pre-Consolidation Common Shares for one (1) post-Consolidation Common Shares. (8)

Frank Holmes, Executive Chairman of HIVE stated, "In speaking to shareholders at the numerous conferences I have attended in the past 60 days, it is apparent that some shareholders are finding it challenging to compare HIVE to its industry peers as we have many more shares outstanding. Even though HIVE has a higher market capitalization than many of our peers, and stronger fundamentals as measured by Price/Earnings ratios, revenue per employee and debt to equity ratios, the increased share price creates more institutional visibility because many of their fundamental screens exclude stocks under $5 a share. Hive has very attractive fundamentals when compared to other tech stocks and trading at a higher share price can make it much more appealing."

Recent action has seen -5% stripped from share values of the company over the past week of action. That said, the situation may be worth watching. HIVE has evidenced sudden upward volatility on many prior occasions. Furthermore, the company has registered increased average transaction volume recently.

Hive Blockchain Technologies Ltd. /zigman2/quotes/208543683/composite HIVE -5.54% has a significant war chest ($326.5M) of cash on the books, which compares with about $19.4M in total current liabilities. One should also note that debt has been growing over recent quarters. HIVE is pulling in trailing 12-month revenues of $240.3M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 381.2%.

Other key cryptocurrency stocks include Marathon Digital Holdings Inc. /zigman2/quotes/205886758/composite MARA -9.98% , MicroStrategy Inc. /zigman2/quotes/202561856/composite MSTR -0.45% , Block Inc. /zigman2/quotes/205989440/composite SQ +0.61% , Hut 8 Mining Corp. /zigman2/quotes/208114896/composite HUT -6.11% , and ProShares Bitcoin Strategy ETF (nysearca:BITO).

References:

  1. https://www.forexlive.com/news/wells-fargo-says-a-mild-recession-our-base-case-20220518/

  2. https://www.barrons.com/articles/amazon-stock-plunges-in-wake-of-target-walmart-debacles-this-is-why-51652901840

  3. https://www.businessinsider.com/amazon-retail-business-hiring-target-cuts-leaked-email-2022-5

  4. https://www.wsfsbank.com/help-guidance/knowledge-center/long-growth-stocks-equals-increased-interest-rate-risk

  1. https://www.goldmansachs.com/insights/podcasts/episodes/01-11-2022-eric-sheridan.html#:~:text=In%20the%20latest%20episode%20of,a%20more%20decentralized%20Web%203.0 .

  2. https://finance.yahoo.com/news/riot-blockchain-reports-record-first-204500584.html

  3. https://www.otcmarkets.com/stock/BLQC/news/BlockQuarry-Completes-Phase-One-20MW-Launch-5600-Miners-Now-Online-Driving-95M-Annualized-Revs-2021-Audited-Financials-F?id=353592

  4. https://finance.yahoo.com/news/hive-blockchain-announces-proposed-5-223500079.html

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer . While reading this article one must assume that we may be compensated for posting this content on our website.

The post Value Builds in Select Crypto Mining Stocks (HIVE, BLQC, RIOT, MARA, MSTR, SQ, HUT, BITO) appeared first on Wall Street PR .

COMTEX_407449755/2770/2022-05-19T07:10:00

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/zigman2/quotes/201289845/delayed
US : U.S.: OTC
$ 0.23
-0.01 -4.96%
Volume: 294,655
Sept. 23, 2022 3:53p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$15.41 million
Rev. per Employee
N/A
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/zigman2/quotes/208543683/composite
US : U.S.: Nasdaq
$ 3.75
-0.22 -5.54%
Volume: 970,337
Sept. 23, 2022 4:00p
P/E Ratio
487.01
Dividend Yield
N/A
Market Cap
$307.55 million
Rev. per Employee
$11.93M
loading...
/zigman2/quotes/208543683/composite
US : U.S.: Nasdaq
$ 3.75
-0.22 -5.54%
Volume: 970,337
Sept. 23, 2022 4:00p
P/E Ratio
487.01
Dividend Yield
N/A
Market Cap
$307.55 million
Rev. per Employee
$11.93M
loading...
/zigman2/quotes/208543683/composite
US : U.S.: Nasdaq
$ 3.75
-0.22 -5.54%
Volume: 970,337
Sept. 23, 2022 4:00p
P/E Ratio
487.01
Dividend Yield
N/A
Market Cap
$307.55 million
Rev. per Employee
$11.93M
loading...
/zigman2/quotes/205886758/composite
US : U.S.: Nasdaq
$ 9.47
-1.05 -9.98%
Volume: 16.45M
Sept. 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.11 billion
Rev. per Employee
$20.96M
loading...
/zigman2/quotes/202561856/composite
US : U.S.: Nasdaq
$ 191.45
-0.87 -0.45%
Volume: 599,534
Sept. 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.16 billion
Rev. per Employee
$237,557
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/zigman2/quotes/205989440/composite
US : U.S.: NYSE
$ 56.27
+0.34 +0.61%
Volume: 14.90M
Sept. 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$33.21 billion
Rev. per Employee
$1.91M
loading...
/zigman2/quotes/208114896/composite
US : U.S.: Nasdaq
$ 1.69
-0.11 -6.11%
Volume: 8.06M
Sept. 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$329.11 million
Rev. per Employee
N/A
loading...

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