HIVE Blockchain Technologies - Invest in an emerging giant.
This short article is for you if:
Category 1) You invest or are interested in investing in cryptocurrencies.
Category 2) You invest or are interested in investing in the stock market.
Category 3) You are curious about blockchain and want to be a part of it in some way.
If you currently invest in Cryptocurrencies or are interested in trading them, you're missing out on one of the bigger opportunities being presented right now. Hive Blockchain Technologies is the first big publicly traded entity to emerge on the capital markets. A Canadian venture enterprise, they work closely with Genesis Mining (who you may or may not have heard of) who also owns 30% of HIVE's stock.
For those of you cryptocurrency fiends who don't know about Genesis Mining, they're possibly the largest cryptocurrency/blockchain mining business in the world. They own entire buildings (in cold and low-cost of electricity Iceland) of dedicated rigs devoted to mining. And they lease out these rigs to users worldwide who can use them to mine as part of a shared contract.
For those of you who actively trade stocks, you will not want to miss out on this one. HIVE Blockchain Technologies is the first mover in this field and has managed to find a way to bridge the gap between the capital markets and blockchain technology. If you want to invest in the cryptocurrency boom but find it confusing and difficult to navigate, HIVE offers a much easier and traditional way to invest in what is almost certainly going to be a giant in the next few years.
Here are a few reasons why I'm bullish on this company:
- They are backed by Billionaire investor Frank Holmes who is known for his ability to find and grow 'flying under-the-radar' companies like Hive.
- They get their mining rigs and technical know-how from Genesis Mining who own 30% of HIVE's total share count.
- They are focused on mining cryptocurrencies and holding them. In other words, they are hoarding cryptocurrencies (including highly sought after 'virgin' coins).
- They have been expanding constantly since they began operations in September 2017. Most recently, on 15 December 2017, they announced they were offering expanded private placement up to $115 Million USD. They have also announced leads to close at least half that amount and I expect they will announce full closure very, very soon.
- Their primary focus was on mining Ethereum which has more than doubled in price since they began. They have begun diversifying and are also focused on building dedicated rigs to mine Bitcoin and other cryptocurrencies.
Invest in Hive Blockchain Technologies by signing up with an online stock brokerage platform (such as TD Ameritrade). They trade on the Toronto Stock Exchange (TSX-Venture) under the ticker symbol HIVE. I expect them to be listed in an American exchange very soon but encourage investors to buy them on the TSX as soon as possible.
Follow me for regular updates on this and other companies in the emerging blockchain/stock market nexus.
Disclosure: The author owns shares of HIVE and expects to buy more in the near future.