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I say things on Twitter

3/1/18

Just two things from the HIVE (HIVE.v) quarterly financials last night

You can fight out the meaning of the borderline-passable gross margin, the stored coins and what have you all by yourself. I just want to point out two numbers on the P+L that stuck out at me:


That travel number is hilarious, you can run a neat and efficient junior exploreco for the price of HIVE's travel. It also gives you some idea how much it costs to fly a fully loaded private jet down to Cartagena from Vancouver, but that's another story.

But the really interesting one is that DD&A number, because I know I'm not the brightest lightbulb when it comes to the intricacies of the wonderful world of crypto, but I do know my way around a set of RegFs. And you're telling me that $16.2m of that snazzy shiny computery kit that goes out of fashion quickly due to the well-documented ETH hashrate burden was only marked down by a million, guys? Seriously? Wonks and nerds like me who care about such things will know why this could be important for the future, the rest of you can hi-five over the temperature in Sweden. Okay, never mind and no need to answer, let's move on so here's a pleasant tune with which to brighten your day: