HIVE Blockchain Inc. (HIVE-TSXv) was very smart to go out and raise CAD$151 million from the capital markets in 2017 when cryptocurrency was in full mania. As they released their first REAL quarterly on March 1—with real revenue, almost $100 million cash on the balance sheet and fast rising revenues on the immediate horizon as they deploy that… Read More »
The bedrock of cryptocurrency is proof-of-work (POW) mining. Simply defined, a mining rig (computer server) competes with other rigs in the network to solve a mathematical puzzle. Solve the puzzle, process the transactions, and get a coin. Because there was “work” involved in processing the transactions, there is “proof” that the transactions are correct, hence the term “proof-of-work.”… Read More »
Part one of this series is here. Want to invest in a Bitcoin public mining company? You only need to ask one question of the CEO: When are you going to reach 100-megawatt (MW) capacity? And the answer you are looking for is late 2018 or early 2019. Right now, there are many pretenders in the marketplace but this… Read More »
The real money in real estate isn’t flipping houses but being a landlord. DMG Blockchain Solutions (TSXV: DMGI) has begun trading on the Toronto Venture Exchange. DMG has several business models but their first attention-grabber for the public markets is being a huge mining-as-a-service bitcoin provider. Their mining facilities across Canada have a current capacity of 40 megawatts and they… Read More »
For the last 40 years, North American industries have flocked to China—now a multi-billion-dollar industry is moving from China to North America. It’s cryptocurrency “mining”—a $US 6 billion industry. Why are the miners leaving China? In a move last October, the Chinese government banned ALL forms of cryptocurrency, including China. Just last week, the Chinese government update their… Read More »
Bitcoin had a nasty 25% drop last week on news that US regulators want to subpoena Bitfinex over the issuing of Tether, a digital coin that is (supposed to be) backed by the US dollar. After a bounce back Friday, Bitcoin tanked again on the weekend. Yesterday, it continued to drop before bouncing back on “Turnaround Tuesday.” What’s the cause? Many… Read More »
