Hive thinks dumping 350 mil into Blackwell chips buys them a ticket out of the mining wash. They got an investment grade client for five years, but we know how these long term plays go when the tech cycle turns faster than a server fan. If these rack systems don't hit 100 percent uptime, the penalty clauses will eat that ARR alive. My bagel is burnt. They are pivoting to green energy, claiming Merritt is the future of sustainable compute, but let's be real, it is just chasing the tax credits while waiting for the next regulatory hammer. If the demand for AI compute dips, they are left with heavy, expensive scrap metal in the BC mountains.
@cryptotoolschain
August 18, 2026 5.8K
