The real money in real estate isn’t flipping houses but being a landlord. DMG Blockchain Solutions (TSXV: DMGI) has begun trading on the Toronto Venture Exchange. DMG has several business models but their first attention-grabber for the public markets is being a huge mining-as-a-service bitcoin provider. Their mining facilities across Canada have a current capacity of 40 megawatts and they… Read More »
Bitcoin had a nasty 25% drop last week on news that US regulators want to subpoena Bitfinex over the issuing of Tether, a digital coin that is (supposed to be) backed by the US dollar. After a bounce back Friday, Bitcoin tanked again on the weekend. Yesterday, it continued to drop before bouncing back on “Turnaround Tuesday.” What’s the cause? Many… Read More »
2017 was the year cryptocurrencies and blockchain technology went mainstream… or at least tried to. Market action (both volume and price) said that investors trying to buy bitcoin was like a pig trying to fit through a keyhole. There was bound to be some pain in a sector going super-nova. Towards year-end, bitcoin had its inevitable pullback. As… Read More »
HIVE Blockchain (HIVE-TSXv) has landed a CDN$100 million financing to expand their facilities in Sweden and build a Bitcoin mining facility starting Q4 2018. A picture is worth a thousand words: The financing was done at $3.15 with a lead order of $50 million (!!!). Fifty million is a milestone number for any deal done in Canada, let alone a… Read More »
(Be The Banker, Not the Gambler) Last Wednesday the planned fork for Bitcoin was called off, causing a massive shift in the futures contact of Bitcoin on Bitmex. This caused huge loses among some Bitcoin investors, but not for me, as my trade was hedged. If you want to make a living in Vegas, it’s best to… Read More »
A lot of “smart” investors are claiming cryptocurrency miners face diminishing returns. Do so at your peril. There will undoubtedly be layers of winners in crypto, but miners will be much bigger for much longer than most people think. But my research has convinced me that public companies in the cryptocurrency mining space will have a fabulous 2018.… Read More »
