It’s true that success breeds success and the more success there is, the easier it is to roll that momentum into bigger and better things.
Blockchain tech is outdoing itself, and HIVE Blockchain Technologies is ramping their forward momentum up into bigger and better things.
So far, HIVE’s mining focus has been on the altcoin market, including Ethereum, Ethereum Classic, and Zcash. They’ve just officially entered the Bitcoin space as well!
December 13th, 2017 news: HIVE Blockchain Technologies announces major expansion in Sweden, including a new Bitcoin mining facility and up to $100 million financing.
***This major expansion will increase HIVE’s energy consumption dedicated to digital currency mining from a targeted 17.4 megawatts (“MW”) in March 2018 to 24.2 MW in April 2018, escalating to an expected 44.2 MW by September 2018.***
HIVE is very pleased to announce a private placement financing of up to CAD$100 million, led by GMP Securities L.P. and Eventus Capital Corp., with a lead indication of CAD$50 million received.
HIVE has first-mover advantage, and as we predicted, it could become the go-to cryptocurrency stock for larger institutions.
Fidelity Investments, U.S. Global Investors, and GMP Securities have all participated in recent financings for the company.
If you’re interested in owning HIVE and being a partner in this company, I strongly suggest you consider buying shares over the next 2 weeks, specifically.
It’s true that in the next week or so, the stock will likely be volatile and under pressure from the shorts and early private placement sellers looking to lock in a profit.
This is all part of the natural course of any successful public company, and it’s also one of those times where value investors can come in and scoop up shares at a discount!
Fidelity and GMP just came in around the $3 level, so it wouldn’t surprise me at all to see some whale-sized buyers coming in and taking advantage of this buying opportunity we see in HIVE.
Chief Editor, CrushTheStreet.com
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.
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