Benj GallanderHIVE Blockchain TechnologiesHIVE.TOCOMMENTJan 16, 2018

This is an exception for him and the only investment he has in the sector. It is a crypto currency miner transitioning to energy and as such it has tremendous upside potential. Power is in huge demand and there is a general shortage. HIVE has several contracts with much more coming along with much more free cash flow. He feels it is not the leader and is somewhere in the middle of its transition

EPS of $0.522 missed the $0.117 estimate, and sales of $127.86M fell short of the $132.39M forecast. Revenue surged over 200% year-over-year, while gross operating margin of 35% improved significantly from the prior year. The company mined 885 bitcoin in the quarter, up 23% sequentially, and generated $4.9M in AI revenue from its BUZZ high-performance computing services. Overall, results were respectable given weaker bitcoin prices and higher network mining difficulty compared to the previous quarter. They would be comfortable holding at current levels. Unlock Premium - Try 5i Free

Fair bit of volatility around crypto and these companies. Focus lately has been on using crypto as a treasury asset. Some of the miners have started to move in the last few weeks, probably due to crypto having a big move off the bottom. If miners can be efficient, their numbers are probably going to ramp up over the next couple of quarters.

Longer double bottom from 2023 to 2025. If we are starting a new cycle, it will be positive for assets across the board. Bitcoin is traditionally more of a risk-on asset. Doesn't mind nibbling here, then add exposure as it shows it's a winner and worthy of adding more capital.

Like a Mini-Me Coinbase. He's traded this, on relatively small positions in separately managed accounts. Not in his fund. Good way to ride the wave of blockchain and cryptocurrency.

Run big data centers that mine crypto currency. Its chart looks like Bitcoin. It is in a descending triangle. If it breaks below support, it would reflect badly on it.

He wouldn't touch any cryptocurrency with a barge pole. He doesn't understand this business or company. He doesn't speculate.

He is pretty skeptical on the number of companies that claim to have an advantage in this space. If the value of cryptocurrency goes down, these companies will be at risk. It has a lot of cash and is well known. It is not a real long term strategy in his mind yet.

Clearly has some problems. Slow, steady decline and volume’s dropping. Volatile stock. Be very wary. He’s not a believer of blockchain technology, it’s just a fancy database. Now a penny stock, so will be off the radar of many. If it can break above $1.70, might be more interesting.