- cryptocurrency miner with a green ESG lining, promotional DNA, and restraint on disclosing financial statements publicly.
- Compared to metals mining, we think of cryptocurrency mining as a shorter duration, more replicable sector with similar regulatory and political risks.
- Expect ongoing significant dilution of common shareholders from convertible loan from CEO controlled vehicle, acquisitions paid for in stock, and at-the-market equity offerings.
- If Bitcoin and Ethereum will expand their hockey stick price development, the potential for margin expansion becomes very meaningful, and indeed may make this an investable security.
For further details see:
HIVE Blockchain Technologies: Hype Or Hyperbole?