Hive Blockchain Is Efficient And Strategically On Point, With A Catch

HIVE is strategically on point being ESG compliant through 100% renewables and adopting the HODL strategy from day one.HIVE offers an acceptable margin of safety in terms of price to hard assets in excess of the total liabilities ratio, even though IREN still trumps in this aspect.HIVE is truly a low-cost operator by achieving an actual best-in-class cost structure which stands at only $22,500 per BTC which is 35% lower than the sector average.The catch lies in HIVE's delayed report even though we expect HIVE to maintain its low cost operations in 2022Q1 and 2022Q2.HIVE is our current prime go-to crypto mining company to invest in when Bitcoin shows signs of recovery, assuming no material changes to HIVE in the future.IntroductionWe've been in the market searching for crypto mining companies that can provide alpha. We've covered the likes of Riot Blockchains (RIOT), Marathon Digital (MARA), Iris Energy (IREN), Soluna Holdings (SLNH), Core Scientific (CORZ), and Bitfarms (BITF).Our pre-requisites for a crypto mining company to be investable is to be 100% powered by renewable energies. By this standard, only IREN and SLNH made the cut. IREN's investment proposition is centered around being priced near the value of its total hard assets (cash, land, and grid-connected power facilities). The problem with IREN is that its total mining cost isn't as efficient as other miners. On the other hand, not only SLNH's mining cost is ineffic...