HIVE Blockchain Technologies (TSXV: HIVE)
With this, there’s no need to keep track of a wallet, a 24-word passcode, or move your cryptocurrency to cold storage so it’s not hacked.
Many of us, including myself, have eagerly awaited a real play on Bitcoin in the stock market.
I’ve been waiting for something that is as easy as logging into my brokerage account and buying a symbol that gives me ownership in the blockchain space.
To fully understand and appreciate our investment into HIVE, you need to know how bitcoins are created and the blockchain itself is supported.
Bitcoin and the blockchain depend on “miners” to secure transactions and control the creation of new digital currencies.
The computers that mine cryptocurrencies are the fundamental layer of the blockchain.
It’s what makes it so powerful.
If someone wanted to hack the Department of Defense or a major corporate giant, they have a single target. But with the blockchain, the network is like the Internet – it’s everywhere, supported by hundreds of thousands of computers around the world.
This also makes the blockchain trustworthy. It’s essentially unhackable because it is everywhere and nowhere at the same time.
Because the miners add more computing power to the blockchain and the validation of transactions, they are rewarded with cryptocurrency (Bitcoin, Ether, etc.).
HIVE Blockchain Technologies Ltd. (TSXV: HIVE & US: PRLEF) is a blockchain mining infrastructure company.
Here is what you need to know about HIVE…
HIVE is a partnership between Genesis Mining, the world’s largest Bitcoin cloud mining company, with over 700,000 customers, and Fiore Group, a leading Canadian banking firm led by Frank Giustra, founder of Lions Gate Entertainment.
Two of the board members are very familiar names to Wall Street: Frank Holmes and Olivier Newton.
Frank Holmes is the CEO of U.S. Global Investors, a fund manager who is one of the most sought-after speakers in North America.
Olivier Newton is a technology entrepreneur and a partner at Latent Capital, an investment fund focused on early to mid-stage opportunities in quantum computing and financial technology.
HIVE is set to acquire a state-of-the-art mining facility in Iceland from Genesis for USD$9M.
Completed in May, the new facility is now producing cryptocurrencies for HIVE.
The business model consists of operating a cryptocurrency mining business to generate cash flow.
However, it’s the hoarding of a sizable portion that could lead to our greatest gains.
As the prices of cryptocurrencies rise, the Bitcoin, Ether, and Dash hoard will be reflected in the real value of the company.
Current Recommendation: Consider buying HIVE Blockchain Technologies (TSXV: HIVE).
This is the first legitimate stock in the crypto space that investors have had the chance to buy. If it goes vertical, be patient. Enter the position slowly.
This work is based on SEC 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. We are also in the process of buying additional shares. 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
FMT LLC has been compensated two hundred and fifty thousand dollars Canadian for a three year marketing agreement paid for directly by the company. We are long HIVE Blockchain Technologies and have received options directly from the company. We have also received additional payments in the same amount for Portfolio Wealth Global LLC, Wealth Research Group LLC, and Gold Standard Media LLC. All of which are owned and operated by Future Money Trends LLC.