HIVE Blockchain (TSX-V HIVE)
We have been looking at this stock since its first day of trading where it closed close to $1 up from the days start of around $0.75.
This appears to be the real deal, raised $16.5M in a private placement, and acquiring a cryptocurrency mining data centre in Iceland from Genesis Mining.
This facility is state of the art and ready to start mining that sweet-sweet crypto gold!
The team behind the deal include powerhouse players such as Frank Giustra’s Fiore Group, who have raised over $5 billion in debt and equity for high-growth companies. Other players are.Bjoern Arzt, Tobias Ebel, and Olivier Roussy Newton (successful track record in cryptocurrency mining investments)
They recently announced another $30M bought deal financing which should get scooped up quickly as investors are salivating to get exposure in the soaring cryptocurrency space.
The shares have just tickled the $2.00 mark, HIVE check off many of the boxes on out watchlist and looks like a great was for investors to hop on the gain train for the Blockchain and cryptocurrency sector.
This company is firmly bookmarked on our watchlist and we will be dipping our toes in the water along the ride.