Wednesday, 16 May 2018

Crypto Miners: Another Way To Leverage Crypto Investments

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.

- Source, Kitco News