NIA’s new #1 Cryptocurrency stock suggestion Hive Blockchain (TSXV: HIVE) had another HUGE day on Tuesday gaining $0.30 or 31.25% to close at $1.26 per share on extremely impressive volume of 5,856,491 shares! HIVE closed just below its intraday high of $1.28 per share!
At 3:56PMEDT when HIVE set its latest new all-time high of $1.28 per share, NIA members had already achieved a gain of $0.54 or 73% from NIA’s initial Monday morning suggestion price of $0.74 per share! NIA said in its initial HIVE alert at $0.74 per share that it was a sure thing to break $1 per share and would likely reach the $2-$3 per share range before year-end 2017! This morning, NIA sent its members a follow-up alert predicting that HIVE was ready to break $1 per share on Tuesday and would rapidly explode to the $2-$3 per share range in the weeks ahead!
HIVE is already beginning to build major momentum and will soon become well-known as the #1 way for stock market investors to gain massive exposure to the current Cryptocurrency mania! There is only one other publicly traded company in the business of Cryptocurrency mining: MGT Capital (MGTI).
In late-2016, MGTI opened a 5.0 PH/s Bitcoin mining facility in Cashmere, Washington. Based on historical Bitcoin prices and hash rates, if MGTI’s facility had been operating from June 2016 through June 2017 it would have generated positive EBITDA of $1.2 million.
In comparison, HIVE’s newly acquired Ethereum mining facility in Reykjanes, Iceland would have generated positive EBITDA of $7 million!
MGTI currently has 41.06 million shares outstanding for a market cap at $2.57 per share of $105.52 million. Considering that HIVE’s newly acquired Ethereum mining facility in Iceland is estimated to generate 5.83X higher EBITDA than MGTI’s Bitcoin mining facility in Washington, we can estimate that HIVE deserves a 5.83X higher market cap than MGTI!
With MGTI currently worth USD$105.52 million, this would value HIVE at USD$615.18 milion or CAD$755.13 million. Based on HIVE’s current shares outstanding of 226,584,760, HIVE deserves to be trading for $3.33 per share!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from a third-party for covering HIVE of $60,000 cash. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.