This question is for u/OfficialHIVE. It is reported that COO Luke Rossy now holds ZERO real shares in the company he is a part of.
Could you please clarify why he sold 215,000 shares? It’s pretty darn concerning to hear, especially after the other recent insider trade…
There was no indication that this was part of a previously scheduled plan.
I almost missed it initially and had to rewind the video to be sure.
Joel had to take the egg out of his back pocket to sit down after being knocked out of the live task 😂. He’s really keen on that egg by this point.
The project is expected to become one of Canada’s largest AI gigafactories, designed to support fully vertically integrated AI supercomputers and host more than 100,000 GPUs at full build-out.
Key Highlights:
Target Online: Second half of 2027.
Capital Investment: ~CAD $3.5 billion.
Jobs: 800+ construction, hundreds of permanent high-skill roles.
Powered by Ontario’s Clean Grid: Designed for high efficiency AI compute using closed-loop cooling systems with no-water use approach consistent with BUZZ HPC’s broader sustainability strategy.
Community First Approach: Focused on responsible development, local economic participation and long-term alignment with national priorities.
I will start out by saying that I know this stock popped last year during crypto’s bull run. People have laughed and scoffed at my recent comments, thinking this company is dead, or I am holding bags. But the truth is this stock is working on a pivot into High-Performance Computing (HPC) and AI Infrastructure.
They are currently sitting at a ~$1.02B CAD or $746M USD market cap. Tiny peanuts compared to what AI companies are worth these days.
Recent news to show they are not just gaslighting investors:
HIVE’s BUZZ Starts Building A Digital Superhighway for Eastern Canada’s First Sovereign AI Factory
Cliffnotes:
In partnership with a Canadian carrier, BUZZ is upgrading Grand Falls with dedicated high-capacity optical wavelength services, including multiple 100 Gbps and 400 Gbps connections. Delivery is expected to begin in Q3 2026. The Canadian carrier will have substantial capital expenditures beyond HIVE’s capital commitment, to complete the installation of these high-speed fiber connections.
So not only are they expanding their capacity and throughput, they are partnered with a Canadian telecommunication providor (Canadian Bell) who is willing to invest alongside of them.
Investors don’t just give away money for free. They have given HIVE $115M for ZERO percent interest. Not to mention it was originally for $75 million, and there was so much demand, they expanded the offering to $115M.
Conversion value of shares would be ~$2.57. They can only request conversion early if the stock price stays at 130% of conversion value for a certain amount of time. That’s incentive for them to work with HIVE to achieve legitimate growth.
HIVE Digital Announces Up-listing to TSX and Provides Corporate Update
Lastly, management recently confirmed they had been approved for uplisting to the main TSX from Venture. In the short term, this may mean downward volatility aka an entry opportunity. Long term, this boards well for the company. You don’t get uplisted for being a fraudulent company.
While all that is going on, their core business is still going strong. Think of this as a dual crypto/AI play.
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Edit: Also, I forgot to add that Kenny G and Citadel disclosed a significant stake in HIVE in a 4/24 filing. 8.7M shares for Citadel and 11M attributed to Ken through Citadel. With total shares outstanding of ~230M, that’s roughly 3.5% for Citadel and 4.2% for Kenny G. Take it for what you will. I know Citadel gets hate at times.
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Edit 2: For those saying many companies are pivoting, like AllBirds, APLD, IREN, etc. This is true. But HIVE is on track to have 11,000 Nvidia GPUs in operation by EOY 2026.
With 5,000 already in operation and another 6,000 ordered last year, they are expected to receive their chips this year. It’s not like they decided on this pivot recently and are at the back of the waiting list.
Each Canadian and Swedish site, alongside the Bell AI Fabric facility, will support 2,000 additional latest generation GPUs to expand the BUZZ AI Cloud for 2026. In total, BUZZ targets a fleet of over 6,000 latest generation GPUs for AI cloud by the end of 2026. This is projected to generate an additional $120 million in annual run-rate revenue (“ARR”), with an operating margin of 80% after electrical and data center costs, for BUZZ’s AI Cloud business once deployed. This estimated increase is in addition to the Company’s current $20 million ARR.
Combined with over 5,000 GPUs already in operation, this would bring the BUZZ AI Cloud to a total of over 11,000 GPUs by the end of 2026
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TLDR: Major things are happening. HIVE appears to have hit maximum FUD recently with 52 week low at the end of March. Since then, the price appears to have hit a turning point, with institutional investors bought in. I expect this stock to rally back to old highs and beyond - IF management can execute on their pivot. So far, they have shown they are serious at doing so.
Position:
5,000 shares @ $2.67
100 1/21/28 $10C @ $.49 average
25 1/21/28 %4C @ $0.95 average
Hi all! First time posting here. I still consider myself a newcomer. Sober date is March 1st, 2025.
Some background:
I have been working with a sponsor on the steps, and I have some reservations about his approach. First 3 steps were straightforward.
For Step 4, my sponsor said his “family tree” in A.A. had a focus on thoroughness. Like every little grievance big and small, going back as far as I could remember. I mentioned to him that this approach was triggering my perfectionism and overthinking like crazy. He said that was okay, and I couldn’t be “too thorough.”
This led to Step 4 taking me 9-10 months to complete, ending up with ~500 ‘resentments’, plus another 50 pages between sexual inventory and fears.
Most I would consider minor, with the major resentments focused on family and friends. Thing is, out of everyone I’ve talked to, no one seems to have done it using this approach. Which raises red flags for me, as nothing is supposed to be a ‘unique’ approach in this program.
My issue now is that, even reading one page a minute, it would take like 10 hours to read the full thing. I reached out to my sponsor this morning about completing step 4, and this was part of his response.
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If you and I did it, we’d spend some time up front narrowing the focus. The idea is to convey the “nature of our wrongs”, so you and I could look for the recurring patterns and get the list down to about 20-25 resentments that represented a good sampling. Then we’d go through those together the next session.
However. If you’re looking to read through your 4th step word for word, page by page, almost like a confession, then a place like [a church known for hearing Step 4s] is going to be your better bet.
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My question:
Has anyone else only read a cliff notes version of their Step 4 for their Step 5? Aren’t you supposed to read through your Step 4 word for word?
This has me further questioning how different my sponsor’s approach seems to be compared to ‘A.A. standard’. Anything that smells like uniqueness automatically triggers red flags in my head.
Several times in our conversations over the months, he almost feels like he is trying to do the bare minimum. When I text him asking to chat, I basically have to schedule time with him in the following days, he’s never available to talk for even 5 minutes at the time or that day.
Then when we do talk, he caveats it by basically saying he can help with Step questions, but any struggles beyond that I should find a therapist for. It makes me question if he even wants to be a sponsor in the first place.
TLDR: has anyone just read the gist of their step 4 as their step 5? I’m worried my sponsor is checked out and taking me through the steps incorrectly.