FX CRYPTOCURRENCIES
should generate $22.53 according to the NiceHash mining calculator. This works out to $473,130/month for bitcoin. For litecoin the profits are $19.65 totaling $351,340 per month. With over $824,470 per month in monthly profit it’s not hard to see why the valuation blossomed on this news.
MGT Capital Investments Inc. (MGTI) has a significant m in ing operation and a n nou nc e d passing the 1000
milestone
bitcoin on
August 17, 2017, and claims to be one of the largest U.S.- based
bitcoin
miners. MGTI has 865 units and planned for 170 more in November but it has significant convertible debt and suffers from gross margin but a lot of that is based on ramping up as fast as it can. The company had $3.73 million in equipment at the end of Q3 2017 and has invested heavily in mining equipment. MGT has L2 as a financial partner, which has indicated an equity line of up to $35 million. In addition to the mining, the company is working on commercializing its cybersecurity
38 FX TRADER MAGAZINE January - March 2018 technology called Sentinel.
Hive Blockchain Technologies Ltd. (PRELF) is a Canadian company with 30% of its stock owned by strategic investor Genesis Mining, which has
one of the
largest mining centers in the world located in Rejkjavic, Iceland. Hive
with additional capacity coming
up. It has a very clean balance sheet, sufficient operating capital, its own line of mining units, and large space to build out its first data center that is also powered by solar. It also has the highest revenue per market cap, which is roughly 3.5 times cheaper than MGTI. To be on par with MGTI it would grow to a $10.3 Market Cap or roughly share.
$1.25/
An honorable mention is Marathon Patent Group (MARA), which recently purchased a small mining operation called Global Bit Ventures. From the chart you will see that it is a decent sized operation.
has ambitious plans to open a $22 million data center in Sweden and seems to be well capitalized with a $7.0 million equity investment from Genesis Mining and $30 million from its private placement. The overall plan seems to be to rapidly scale commercial class mining centers all around the world.
Integrated Ventures Inc. (INTV) just announced the start of operations last week and has 65 units online
Unfortunately the acquisition of the mining group was extremely dilutive yet a huge opportunity for investors.
Exchanges
One of the oldest known names in bitcoin is BTC S Inc. (BTCS) which has scrapped its business plan of listing products for sale in bitcoin to merging with the Australian Exchange ACX. The
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