Follow the Money in Blockchain; Stocks Mentioned: (NASDAQ: $MARA), (NYSE: $IBM), (NASDAQ: $INTU), (TSXV: $HIVE.V)
Follow
the Money in Blockchain; Stocks Mentioned: (NASDAQ: $MARA), (NYSE: $IBM), (NASDAQ:
$INTU), (TSXV: $HIVE.V)
Point Roberts, WA – December
15, 2017 - Investorideas.com, a leader in Blockchain content with its Bitcoin
and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com reports on recent events and funding
in the sector.
According to Research
and Markets the Global Blockchain market is estimated to reach $6,076.6M by
2023, and expected to grow at a CAGR of 48.37% during the forecast period. The North
American region is dominating the global Blockchain market.
Money is flowing into the sector as the
global potential is being recognized. At the recent Blockchain Expo in Santa
Clara, the technology was positioned as ‘revolutionizing the world economy’.
Read
this news in full at http://www.investorideas.com/news/2017/bitcoin/12151Blockchain-Stocks.asp
Industry leaders including Indu Kodukula,
Vice President of Development, Blockchain Technologies, Intuit (NASDAQ: INTU); Brian
Behlendorf, Executive Director, Hyperledger; Chris Ballinger, CFO and Head of
Mobility Services, Toyota (NYSE: TM) Research Institute;
and Jason Kelley, General Manager, Blockchain Services, IBM (NYSE: IBM) talked about the undeniable revolution taking
place. https://blockchain-expo.com/northamerica/
Jason Kelley, General
Manager, Blockchain Services, IBM leads into his keynote presentation with "We’ve entered a new
era where truth isn’t subjective, but collective — where radical transparency
is uprooting how we interact, transact and drive growth. Leading organizations
and consortia across industries are rapidly unleashing the exponential business
value of blockchain technologies. More than a new technology, it’s a whole new
playing field."
Chris Ballinger, CFO and
Head of Mobility Services, Toyota Research Institute talked about using Blockchain in autonomous vehicles. He
said they are involved in IoT platforms, smart robots, machine learning, and Blockchain.
He explained to the audience how Blockchain is a perfect match for IoT in that
all of the things that Blockchain does will solve the vulnerabilities of IoT.
He also said on a personal
note that although he did not own bitcoin,” I do care about bitcoin and I think
it matters a lot.”
Recent Funding News:
Marathon
Patent Group (NASDAQ: MARA) announced
on December 12th that it agreed to sell 1,000,000 shares of its
common stock for gross proceeds of approximately $5.0 million. Each share of
common stock is being sold at a price of $5.00 per share. On a recent
conference call the company talked about its entry into the sector. “On
November 2 of this year, Marathon announced that it had entered into a
definitive purchase agreement to acquire 100% ownership of Global Bit Ventures
Inc. Global Bit Ventures http://www.globalbitventures.com
currently owns 1,000 GPU mining servers capable of 250 gigahash per second of
mining power for the mining of ether on the ethereum blockchain. Over the past
few weeks, 700 servers were installed. Of those servers, 300 servers are
running and producing revenue while the remaining 400 servers are expected to
be generating revenue imminently. The final 300 servers will be assembled and
installed and are anticipated to come online shortly. In addition to the 1,000
servers capable of mining ether, Global Bit Ventures plans to add 14 petahash
per second of ASIC hashing servers for the mining of bitcoin. Global Bit
Ventures operates in a robust and low-cost data center infrastructure with
significant capability for expansion.”
HIVE Blockchain Technologies Ltd. (TSXV : HIVE) announced
up to $100 Million Financing (led by GMP Securities L.P. and Eventus Capital
Corp.) and that it has entered into binding letter agreements dated December
13, 2017 with its strategic partner and major shareholder, Genesis Mining Ltd.,
the largest digital currency mining hashpower provider, to significantly expand
the Company's digital currency mining operations in Sweden in 2018, including
the addition of a large-scale Bitcoin mining facility.
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, and will include:
•a new ASIC-based data
centre in Sweden, with hardware procured and assembled by Genesis on behalf of
HIVE for consideration of an estimated US$34 million and expected to come
online in September 2018. The hardware will consist of the latest generation of
Bitcoin mining rigs and will operate at an estimated rate of 200 petahashes per
second ("PH/s") and support an approximate consumption of 20 MW of
electricity; and
•a third phase (additional
6.8 MW) of the Company's previously-announced GPU-based data centre in Sweden,
customized for mining GPU-based digital currencies (e.g., Ethereum), for
consideration of an estimated US$22 million and expected completion in April
2018.
"The addition of
Bitcoin mining capability further establishes HIVE as a leader in digital
currency mining and diversifies our revenue with a highly liquid
currency," commented Harry Pokrandt, President, CEO and a Director at
HIVE. "Our new Bitcoin facility will be among the most energy-efficient and
largest Bitcoin mining farms in Europe. This facility will complement our
large-scale GPU-based facilities being built in Sweden and currently operating
in Iceland, and allow us to diversify from mining GPU-driven consensus
algorithms to also include SHA-256 consensus algorithms. Sweden, like Iceland,
is an excellent jurisdiction for HIVE with its abundant cheap electricity, good
governance, and cool climate."
Transeastern Power Trust (TSX VENTURE:TEP.UN) (TSX
VENTURE:TEP.DB) announced a $40 Million Private Placement Offering and proposed
change of name to Blockchain Power Trust.The Offering is expected to close in
early January 2018, subject to certain conditions typical for a transaction of
this nature.
Subsequent to the
completion of the Offering and the acquisition of the OMV Wind Project, the
Trust intends to establish a data center operation containing hardware (the
"Mining Equipment") to mine the digital currency Bitcoin
("BTC") predominantly using electricity produced from the OMV Wind
Project. The Trust has received a non-binding term sheet for EUR16, 500,000 of
project level debt financing from a European bank, which will be used
indirectly to acquire the Mining Equipment. It is intended that the Trust will
power the Mining Equipment primarily through the electricity generated from the
OMV Wind Project. The Mining Equipment is expected to have an installed
capacity of 10.05 MW base load and 90.7 PH/s processing power. The Trust has
entered into a non-binding purchase order for the Mining Equipment and
anticipates the Mining Equipment to be installed in phases and fully
operational within six months of entering into the binding purchase order. The
Trust currently anticipates the acquisition and installation of the Mining
Equipment will cost approximately $23,000,000.
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