Kitco’s Daniela Cambone visits HIVE Blockchain Technologies’ (HVBTF:US) mining rigs in Iceland, which mines mainly Ethereum.
According to Sam Pelaez, chief investment officer at Galileo Global Equity Advisors, investing in a crypto miner is similar to buying a precious metal miner.
“If you have a lot of operational leverage when you buy into a mining facility. [The crypto miners] get the tokens, their margins are roughly 80%, but the reality is, you’re getting the tokens at a discount,” Pelaez told Kitco News.
_________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Related Post:
- Top 5 Altcoin Investments During this Crypto MARKET CRASH! Best Altcoin Top 5 Investments! Crypto
- Ripple XRP Investments are likely to see returns on those investments that outweigh the cost.. CKJ C
- Update for Silent Miners (XMR,BCN,ZEC) | Minergate Miners 2023
- Will these Miners EARN $140 a day?! Innosilicon Grincoin ASIC Miners Specifications & Profitability
- How bitcoin miners collect their reward? | How miners send mining reward in their digital wallet?
- Dogecoin & Bitcoin Miners LAUNCHING INTO ANOTHER GEAR ⚠️?⚠️
- Ripple XRP: Even If Crypto Regulation Takes Another Year, Another Speculative Bull Run Is Underway
- Another Potential Way To "Profit" As A Crypto Miner
- GME on way to $1,000 DOGE on the way to 50 CENTS You're not too late! #DOGE #BTC #CRYPTO :Rocket:
- GME on way to $1,000 DOGE on the way to 50 CENTS You're not too late! #DOGE #BTC #CRYPTO ???????????
