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HIVE Blockchain Technology Receives Two Buy Ratings, With $5.25 and $5.35 Price Targets!

Dear Reader,

Analysts at GMP Securities and PI Financial have both recommended HIVE Blockchain Technologies (TSXV: HIVE & US: HVBTF) as a buy, with price targets above CAD$5.

Today, we can actually scoop shares up for less than CAD$2!

HIVE continues to execute on its aggressive growth strategy to maintain its position as a market leader in the blockchain infrastructure industry.

As we predicted on September 18th when the stock first traded for 70 cents, HIVE is likely to become the go-to stock for institutional investors due to its leadership and first-mover advantage.

Many would say that was achieved when they saw over $200 million come in from accredited investors, buying in as high as CAD$3.15!

HIVE’s annualized run rate revenue is projected to be $153 million once its announced Sweden expansion is fully online in the fall of this year.

The following chart shows the growth in HIVE’s annualized run rate revenue, but in our own analysis, it’s actually a very conservative projection.

Could this end up being a lot higher?

HIVE is using an Ethereum price of US$868 and a Bitcoin price of $10,349.

The reality is that in our own analysis, Bitcoin could be over $20,000 by the end of the year and Ethereum could be over $1,500.

In their press release this morning, here is what HIVE Chairman Frank Holmesstated: “We started HIVE with a vision to go from a revenue run rate of $1 million per month to $1 million per week, and now, by September 2018, HIVE’s annualized run rate revenue is over $150 million, or $3 million per week.”

From their quarterly financial results this morning…

“Subsequent to the quarter, on January 15, 2018, HIVE commenced mining operations from the initial 6.8 MW phase of the Sweden GPU datacenter, nearly tripling its global footprint of energy consumption dedicated to digital currency mining to 10.6 MW. This has contributed to a strong increase in the company’s digital currency portfolio to a total value of $13,624,783 as of February 26, 2018. The construction and configuration of the second and third phases of the Sweden GPU datacenter are proceeding on schedule and will increase HIVE’s capacity by an additional 13.6 MW within two months, with the 20.0 MW Sweden Bitcoin datacenter to follow by September 2018.”

In my opinion, HIVE is a better buy today than it has ever been!

Consider buying shares of our top cryptocurrency stock suggestion: HIVE Blockchain Technologies (TSXV: HIVE & US: HVBTF).

With $100 million in cash and a new mining facility that just opened, HIVE is mining and powering the blockchain!

This is a revolutionary company that has very serious people and investors backing it.

Click here to listen to our recent interview with Frank Holmes.

Best Regards,

Daniel Ameduri
President, FutureMoneyTrends.com

Legal Notice:

Projections relating to gross mining margins outlined above are subject to the assumptions set out therein, including future cryptocurrency prices, which are based upon management’s best estimates but are inherently speculative and  there is no guarantee that such assumptions or estimates will prove to be correct.

Annualized Run Rate Revenue: The Company uses the annualized run rate revenue to provide a measure of the financial performance of the Company using current financial information at a point in time. The annualized run rate revenue is a snapshot of the Company’s potential revenue extrapolated over a period of one year, based on current assumptions as stated. The Company is not making projections on the future digital currency prices, network difficulty rates and network mining rewards and the annualized run rate revenue is not necessarily indicative of the Company’s future earnings. The network hashrate (or ‘network difficulty’) is the measuring unit of the processing power of the entire network for a specific algorithm (for example, Bitcoin or Ethereum).  The daily network mining rewards are the total daily rewards issued for the blocks solved that day; daily network rewards are fixed based on the specific algorithm. Actual results will vary based on change in these assumptions. As at February 26, 2018, the Company utilized the following assumptions:

– Ethereum Price: US$868

– Ethereum Network Hash Rate: 247,529GH/s

– Total Daily Ethereum Rewards: 20,355 Ethereum

– Bitcoin Price: US$10,349

– Bitcoin Network Hash Rate: 21,079PH/s

– Total Daily Bitcoin Rewards: US$18.3M

This work is based on public filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

Never base any decision off of our advertorials. Future Money Trends stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish.  Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We are long HIVE Blockchain Technologies and have received options directly from the company and have been paid two hundred and fifty thousand Canadian dollars for three years of digital marketing paid for directly by the company. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneyTrends.com

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