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Blockchain tech. GBTC & crypto mining companies

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Blockchain Tech, GBTC & crypto mining companies


GBTC vs. RIOT, HVBTF ... 5yr: 3yr: 2yr: 1year: 6mo: 10d / from 1.1.2019 / 1.15.20: $10.00, $1.40, $0.09 (C$0.115)


- Looking at Highs & Ranges. HVBTF peaked first !

/ from 1.1.2019 : $10.00, $1.40, $0.09 (C$0.115)


===== 12 Months Range: Differ.:  Last: >Low %Range
HVBTF: 0.059 - 0.609 (1):  $0.55: 0.090: 0.031: 5.82%
RIOT.   : $1.11 - $6.14 (2):  $5.03: $1.40: 0.290: 5.77%
GBTC  : $3.66 - 17.40 (3):  13.74: $9.99: 6.330: 46.1%

HIVE - etc, at 6/5/2018: C$1.12 ... Last 6-mos : RIOT: $7.80, ATLEF: $0.225


Bitcoin related companies - updated to 2/1/2017

Hive Blockchain Technologies Ltd. HIVE.C : C$2.24 -12.16% : update : $0.09-$6.75, -66.8% below

Riot Blockchain Inc. RIOT : $12.30 +0.98% : update : $3.06-46.20, -73.4% below

Blockchain Worldwide PLC BLOC : $8.25 -8.33% : update : $5.25-10.00, -18.5% below

Long Blockchain Corp. LBCC,  $3.04 -1.61% : update : $1.70-$9.49, -68.0% below

UBI BlockChain Internet Ltd. UBIA, -$4.00 20.00% : update : $0.55-115.00, -96.5% below

Bitcoin Investment Trust GBTC, $13.11 -16.29% : update : $1.13-38.71, -66.1% below

LongFin LFIN : $37.42 -6.78% : update : $4.69-142.82, -73.8% below High / WARNING! has been called a scam!

=== ===

The following chart, derived from FactSet data, shows the spikes that are seen after such announcements—as well as the heavy downside volatility that has tended to subsequently occur. The securities in the chart include: Hive Blockchain Technologies Ltd. HIVE, -12.16% Riot Blockchain Inc. RIOT, +0.81% Blockchain Worldwide PLC BLOC, -8.33% Long Blockchain Corp. LBCC, -1.61% UBI BlockChain Internet Ltd. UBIA, -20.00% and the Bitcoin Investment Trust GBTC, -16.29%

MW-GC189_blockc_20180122113702_NS.jpg?uuCourtesy FactSet

Such stock moves, Goldman wrote, recalled a quote by the Dutch historian Theodorus Schrevelius. After the tulip bubble burst, Schrevelius wrote that “our descendants doubtless will laugh at the human insanity of our Age, that in our times, the tulip flowers have been so revered.”

> https://www.marketwatch.com/story/the-bitcoin-bubble-now-dwarfs-tulips-and-dot-com-stocks-goldman-warns-2018-01-22?siteid=bigcharts&dist=bigcharts

website: https://www.hiveblockchain.com/ : Vancouver based

First publicly listed blockchain infrastructure company that bridges blockchain and cryptocurrencies to traditional capital markets. Ability to accelerate development of the blockchain sector through traditional capital markets while creating long-term shareholder value.
Owner of a state-of-the-art GPU-based cryptocurrency mining facility located in Iceland, a stable jurisdiction with low energy costs. Exclusive partnership with Genesis Mining, the world’s leading cryptocurrency mining hashpower provider.
HIVE retains the option to acquire at least three additional data centres in Iceland and/or Sweden from Genesis.

Investors should be aware that HIVE Blockchain Technologies, the blockchain infrastructure company that U.S. Global Investors made a strategic investment in last year, recently got approval to change its ticker on the OTC Markets. HIVE will now trade under the stock symbol HVBTF. It was previously trading under the symbol PRELF. No action is required by current shareholders, but I thought they should be made aware nonetheless.

List of Blockchain companies, all are based in Vancouver CA

Symbol/ Can.    : Company------  : Price : $-CAD- : Shs-OS : Mkt.Cap ... in CAD---- : BTC@$1200 : bx :
ATLEF / AKE.c : Atlas Cloud Ent. : $0.81 : C$ 1.00 x 16.91M : $13.70M = C$16.91M : 11.42 K
BTLLF / BTL.v  : BTL Group--------- : $9.00 : C$11.00x19.08M : $171.7M = C$209.9M : 142.6 K
HVBTF/ HIVE.v : Hive Block.Tech: $2.40 : C$ 2.96 x 226.6M : $543.8M = C$670.7M : 453.2 K
VSQTF/ VST.c  : Victory Square-- : $2.40 : C$ 2.91 x 62.38M : $149.7M = C$181.5M : 124.8 K

> Gibraltar Blockchain Exchange (“GBX”): https://gbx.gi/  : GBX-Whitepaper :

GBX aims to be a world-leading institutional-grade token sale platform and cryptocurrency exchange coupled with a comprehensive listing process,

GSX proposes to provide a blockchain-based exchange for capital markets and will aim to be the world’s first stock exchange for tokenised securities (“GSX Tokenised Securities Exchange”) to provide a new level of access, liquidity and transparency in the capital markets. Issuers of tokens listed on GBX may have access to the GSX capital markets pathway, giving more options for capital raising, and access to a more diverse investor base as they grow.
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Companies Enabling the Blockchain Revolution Offer Diverse Investment Opportunities

NEW YORK, December 14, 2017 /

The cryptocurrency revolution has redefined the concept of money and facilitated the adoption of the distributed ledger system known as the blockchain that makes digital money feasible. At the same time, it has presented investors in the stocks of companies linked to the blockchain revolution with the opportunity to reap substantial profits. With the market for blockchain technology projected to experience blistering growth, from $210 million in 2016 to as much as $2.3 billion by 2021, investors are identifying tremendous potential for both established and emerging companies like Victory Square Technologies, Inc. (cse:VST) VSQTF, -4.12% (fwb:6F6) (VSQTF Profile), Overstock OSTK, +7.69% , HIVE Blockchain Technologies PRELF (tsx.v:HIVE), Accenture ACN, +1.42% and NVIDIA NVDA, -0.16%

The growing popularity of cryptocurrencies and the blockchain, partly spurred by bitcoin's astounding rise from around $1,000 at the start of the year to above $16,000 currently, has caused related stocks to soar, with some doubling, tripling, and even quadrupling or more as investors rush to capitalize on their potential.  

Victory Square Technologies, Inc  (cse:VST) VSQTF, -4.12% (fwb:6F6) - a blockchain tech innovator in Vancouver ... update


62.4 mn shs / cash: $5mn + book value of investments = $5.1 mn, with lots of salaries to pay

website: http://www.victorysquare.com/

Victory Square Technologies recognized early the possibilities of the blockchain for changing transaction tracking by using a distributed network of computers to eliminate the need for third-party auditors. The company, which operates as a venture builder and technology incubator creating, funding and empowering entrepreneurs in a variety of emerging fields, made its first blockchain-related investment approximately three years ago by providing funding and business guidance to the BTL Group

BTL Group / BTLLF,  "first publicly traded blockchain company"... update


website: http://btl.co/ : Vancouver & Calgary based

BTL has since developed into a TSX-listed company with a market capitalization in excess of $250 million that provides blockchain solutions to multiple industries with an emphasis on the finance, energy and gaming sectors. The product BTL is best known for, Interbit, is a blockchain platform that makes it possible to rapidly develop business applications designed to boost efficiency. Today some of the largest institutions in the world utilize the Interbit platform to explore the potential of private blockchains.

A look at Victory Square's overarching business model shows that the company invests in game-changing entrepreneurs and offers them access to a global mentor network along with distribution partners and other resources to help them accelerate the growth of their business. Victory Square offers its portfolio companies access to more than 80 business accelerators globally, and has a network of over 20 accelerator partnerships located in developing tech hubs. In addition to its investments in blockchain-based companies, Victory Square has investments in virtual reality, artificial intelligence, personalized health, gaming and film. The company's business model enables it to benefit from monetization opportunities when its portfolio companies are acquired.

Victory Square is led by a seasoned management team with more than 100 years of combined award-winning entrepreneurial experience. The company's CEO, Shafin Diamond Tejani, is a visionary entrepreneur and business builder with two decades of experience growing companies. In his career, he has successfully launched over 40 start-ups in 21 countries. He has been named EY Technology Entrepreneur of the Year, Canadian Angel Investor of the Year, and won the Startup Canada Award for Entrepreneur Support.

The company's wholly owned subsidiary, FansUnite Media, Inc. is developing a new social sports betting program (http://nnw.fm/e9QtX). The division serves as a social sports data platform providing its members with relevant data to assist them in trying to pick sporting event winners using a free virtual currency. Integrating blockchain technology into FansUnite's data platform has the potential to spur blockchain initiatives developed by associated Victory Square divisions.

> more: https://www.marketwatch.com/story/companies-enabling-the-blockchain-revolution-offer-diverse-investment-opportunities-2017-12-14?siteid=bigcharts&dist=bigcharts

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Atlas Cloud Enterprises Inc./ ATLEF ... update


website: https://atlascloud.ca/

Atlas Cloud aims to become one of the premier blockchain infrastructure and cryptocurrency mining operations.

Located within  Grant County, WA  and nearby to the Grand Coulee Dam, largest power station in the United States.
Atlas has secured access to electricity for approx. $0.03/kWh, some of the world’s cheapest power.
With a nearby substation, Atlas has the power supply to enable low-cost scalability
Our wholly owned property allows for organic growth as well as business stability and flexibility through complete ownership of property and hardware.

Excellent infrastructure and access to additional property in Washington State, world renowned for its pro-business policies.
Moderate climate with low salt count, allowing for optimal dry-cooling technology.
70% dedicated to Bitcoin with 30% available for switching to mine most profitable alternative coins.

Accretive Acquisition and Development

Atlas aims to acquire data centres with low-cost power, and with near-term cashflow, on an accretive basis. Publicly traded mining operations trade upwards of 25x Forward EBITDA, but can be purchased for 5-10x EBITDA, allowing for an immediate multiple expansion

Atlas looks to work with innovators, seeks out value-add partnerships and ventures to earn primary, secondary and tertiary revenues. We are building a hub of technology prowess to learn and earn in this exciting new industry sector.

> https://atlascloud.ca/project/

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News items : https://finance.yahoo.com/quote/VST.CN/

/ 1 /

GlobeNewswire2 days ago

Victory Square Partners With World’s First Regulated Token Sale Platform and Digital Asset Exchange

…the Gibraltar Blockchain Exchange will provide a dynamic market for Victory Square portfolio companies. VANCOUVER, British Columbia, Jan. 15, 2018-- In another move reflecting its over-arching commitment ...

The GBX, based in Gibraltar, is a subsidiary of the Gibraltar Stock Exchange (“GSX”), a European Union (“EU”) regulated stock exchange since 2014. Victory Square’s investment of $150,000 USD into GBX (the “Investment”) connects the Company with the GBX partnership network and renowned blockchain technology professional services firms such as Enterprise Ethereum Alliance, PricewaterhouseCoopers, ISOLAS and Kenetic Capital.

In exchange for the Investment, the Company will receive 1,500,000 cryptographic tokens known as Rock Tokens (the “RKT Tokens”) issued by the crowd-contribution smart-contract. The RKT Tokens allocated to Victory Square include an agreed 10% bonus for being an early partner of GBX.

“The Gibraltar Blockchain Exchange represents a tremendous opportunity to partner with the world’s first licensed and regulated token sale platform and digital asset exchange that is operated by an EU-regulated stock exchange," said Victory Square Chief Executive Officer Shafin Diamond Tejani. “The GBX is expected to be a global listing and token sales springboard for utility tokens that have satisfied a strict due diligence and admissions process as well as a high-quality digital asset exchange. In this regard, the GBX intends to set a higher standard for token issuance and trading for the benefit of all market participants.

“Victory Square is delighted to partner with the Gibraltar Blockchain Exchange on this initiative, which provides an elite regulated market – a true rock, so to speak -- for our portfolio companies and other leaders in the field,” added Tejani.  

Gibraltar is an economically prosperous sovereignty with a highly-diversified economy spanning financial services, shipping, tourism, and -- most notably -- e-gaming. Gibraltar has established itself as one of the earliest homes to blockchain and crypto-asset companies. It has had tremendous success in identifying new, technology-based opportunities and then building vibrant and well-regulated industries.

GBX CEO Nick Cowan said: “Since we started the GBX project, we have been humbled and flattered by the support and interest we have received in building a rules-based marketplace promoting best practices in the industry. We have received phenomenal support globally for our ICO, and we are very pleased that Victory Square has chosen to join us in our journey to build the crypto harbour, right here in Gibraltar."

The GBX Platform will provide crypto and blockchain companies a number of advantages. These include: the ability to raise post-ICO equity rounds on the GSX; a regulated and licensed platform for companies raising through an ICO; and a fully regulated cryptocurrency exchange for their tokens post-ICO. The Gibraltar government recently launched their Distributed Ledger Technology (DLT) Framework, solidifying their position as a market leader in blockchain and facilitator of innovation in technology and providing a pathway to Tokenized Securities (bonds, issuances) within a Stock Exchange ecosystem.

Victory Square selected GBX as an investment vehicle because the GBX has been exceptionally thorough in the preparation and organization of GBX’s overall business structure and operations. In particular, the GBX has developed the GBX Alliance to help facilitate discourse and form thought leadership around the growing token industry. The GBX Alliance includes key players and interest groups throughout the blockchain space including technology firms, academia, investors, practitioners, and legal advisors

/ 2 /

GlobeNewswire9 days ago

Victory Square and Blockchain Investors Consortium Team Up to Offer $2M Investment Prize Pool to Top Up-And-Coming Blockchain Companies

VANCOUVER, British Columbia, Jan. 09, 2018-- Further to its news release of December 6, 2017, Victory Square Technologies Inc. and the Blockchain Investors Consortium are partnering to offer a $2 M investment ...

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GBX's launch of RTK Tokens due in Feb. 2018

Gibraltar Stock Exchange's blockchain subsidiary plans ICO, selling ...

Jan 10, 2018 - Gibraltar Blockchain Exchange, subsidiary of the stock exchange, plans to raise $6 million selling digital "Rock Tokens." Funds will be used to build a "licensed and regulated" crypto exchange and issuance platform. The company has already raised $21 million selling "Rock Tokens" privately.

Token price for this Token Sale USD$0.10 = 1 RKT, exclusive of transaction fees or costs.
Tokens may be purchased in fractions up to 18 decimal places.
Accepted payment methods USD transferred to the bank account specified on the Website.
(For Pre-sale only) ETH transferred to the digital address specified on the Website
, payable at the applicable ETH price determined by GBX and specified on the Website at the time of purchase.
GBX will never publish any Token Sale account or address anywhere except on its website.
Minimum purchase amount : USD$200,000 for pre-sale, USD$100 for public sale.
Distribution date
Anticipated to be in February 2018, subject to completion of any verification measures undertaken by GBX and other relevant factors.
GBX will specify the exact date on the Website in due course.
Further token sales - GBX may undertake further sales of RKT from its Reserve ..

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OTHER Blockchain-related companies


$NYXBT : ----- :  NYSE Bitcoin Index (EOD)    INDX            May 18, 2015
    BITCF : log :  First Bitcoin Capital Corp.    PINK            Jun 17, 2003
    BTSC  : log :  Bitcoin Services, Inc.             PINK            Apr 5, 2004
    GBTC  : log :  Bitcoin Investment Trust      PINK            May 4, 2015


    BITCF : logFirst Bitcoin Capital Corp.    PINK            Jun 17, 2003


website : https://bitcoincapitalcorp.com/

First Bitcoin Capital / BITCF is the first Publicly traded company dedicated to bitcoin and blockchain development to enter the lucrative crypto-currency space.

The company seeks to vertically consolidate each and every segment of the digital currency arena in order to promote and help the digital currency industry grow. The goal of First Bitcoin Capital Corp., which is comprised of seasoned financial and technology experts with diverse backgrounds and education, is to acquire Bitcoin start-ups, raise funding and invest in companies that are developing Bitcoin software or hardware applications.

The company plans to operate in the following segments of the industry:
Mining/hardware, Coinqx.com: digital currency exchanges, Providing liquidity to worldwide Bitcoin and digital currency exchanges, Promotion/ education, Business to consumer or B2C: developing online stores and Research and Development:

    BTSC  : logBitcoin Services, Inc.             PINK            Apr 5, 2004


website : x


    GBTC  : logBitcoin Investment Trust      PINK            May 4, 2015


website :




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  • 2 weeks later...

Bitcoin related companies

LongFin LFIN : $37.42 -6.78% : update : $4.69-142.82, -73.8% below High

Hive Blockchain Technologies Ltd. HIVE.C : C$2.24 -12.16% : update : $0.09-$6.75, -66.8% below

Riot Blockchain Inc. RIOT : $12.30 +0.98% : update : $3.06-46.20, -73.4% below

Blockchain Worldwide PLC BLOC : $8.25 -8.33% : update : $5.25-10.00, -18.5% below

Long Blockchain Corp. LBCC,  $3.04 -1.61% : update : $1.70-$9.49, -68.0% below

UBI BlockChain Internet Ltd. UBIA, -$4.00 20.00% : update : $0.55-115.00, -96.5% below

Bitcoin Investment Trust GBTC, $13.11 -16.29% : update : $1.13-38.71, -66.1% below

=== ===

(old article follows):

LongFin stock nearly quintuples after buying a blockchain company

by AnoraM. Gaudiano,  Reporter

Early investors in LongFin Corp, which began trading last week on Nasdaq, were in for a big windfall as the stock surged after buying blockchain technology provider Ziddu.com.

It was a wild ride, however. By noon on Monday, the stock skyrocketed to a high of $142.82, but since retreated to close at $72.38, which still marked a gain of 229% and values the company at more than $4 billion. Last week, its market capitalization was around $265 million.

Such mania echoes the surging but volatile price action in the cryptocurrency world, where bitcoin BTCUSD, -0.96%  has surged more than 900% in 2017 to trade above $18,000 and ethereum has risen more than 10-fold to trade near $770. That has stirred interest in the blockchain technology that underpins all cryptocurrencies while also prompting numerous warnings of a potential bubble.

It’s unclear whether anyone has yet profited from the stock’s jump. Insiders, including executive and early investors usually have lockup periods ranging from 90 to 180 days before they are allowed to sell their stock. LongFin didn’t immediately respond to emails seeking comment.

LongFin LFIN, -6.78%  describes itself as “a global fintech company providing finance and [foreign exchange] hedging solutions to importers, exporters, small and medium enterprises across the globe powered by artificial intelligence and machine learning.”

LongFin began trading on Nasdaq on Wednesday and closed at $5.15 on its first trading day. By the end of the week it closed at $39, having risen nearly eightfold.

> https://www.marketwatch.com/story/longfin-stock-nearly-quintuples-after-buying-a-blockchain-company-2017-12-18?siteid=bigcharts&dist=bigcharts

/ 2 /

The following chart, derived from FactSet data, shows the spikes that are seen after such announcements—as well as the heavy downside volatility that has tended to subsequently occur. The securities in the chart include: Hive Blockchain Technologies Ltd. HIVE, -12.16% Riot Blockchain Inc. RIOT, +0.81% Blockchain Worldwide PLC BLOC, -8.33% Long Blockchain Corp. LBCC, -1.61% UBI BlockChain Internet Ltd. UBIA, -20.00% and the Bitcoin Investment Trust GBTC, -16.29%

MW-GC189_blockc_20180122113702_NS.jpg?uuCourtesy FactSet

Such stock moves, Goldman wrote, recalled a quote by the Dutch historian Theodorus Schrevelius. After the tulip bubble burst, Schrevelius wrote that “our descendants doubtless will laugh at the human insanity of our Age, that in our times, the tulip flowers have been so revered.”

> https://www.marketwatch.com/story/the-bitcoin-bubble-now-dwarfs-tulips-and-dot-com-stocks-goldman-warns-2018-01-22?siteid=bigcharts&dist=bigcharts
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Add, traded FX, Gold exchanges

XAU.v / GoldMoney ... update - chart


> Presentation: https://www.goldmoney.com/corporate/news/goldmoney-inc-investor-relations-presentation-february-2018

MPT.cve / Midpoint Holdings Ltd. ... update


Midpoint (Midpoint Holdings Ltd) is a UK headquartered, Toronto and Frankfurt listed company providing international payments and peer-to-peer foreign exchange (bureau de change) services to individual and corporate customers. Midpoint is the world's first dedicated peer to peer international foreign currency matching .

Midpoint Holdings Ltd (CVE:MPT), cross-border payments and foreign exchange provider, has announced significant operational improvements to its user platform following nine months of intensive planning and development. The new updated platform, an enterprise grade platform, delivers enhanced features and benefits to users as well as significant improvements in operational efficiency. Announced at the end of September 2017, the new platform addresses issues of  scalability and user experience and also provides increased flexibility and functionality to customers when managing their payments and FX requirements.

> https://midpoint.com/MPT/Home/LatestNews

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  • 2 weeks later...

A World First: Gibraltar Plans to Regulate and Legalize Initial Coin Offerings

The Government of Gibraltar is weighing up legislation to regulate initial coin offerings (ICOs) and their secondary markets.

In an announcement by the Gibraltar Financial Services Commission (GFSC) today, the financial watchdog for the British Overseas Territory said the government and the authority are jointly developing legislation for blockchain-based token offerings in the territory. The decision follows a discussion by the government with local stakeholders in December after an initial September statement outlined authorities’ intent to introduce a ‘complementary regulatory framework covering the promotion and sale of tokens.’

“A new regulatory framework for DLT which will become operational as from January 2018 will regulate the activities of firms, operating in or from Gibraltar, that use DLT to store or transmit value belonging to others, such as virtual currency exchanges,” an excerpt from the statement said at the time.

And so, it has proved, with work toward regulatory draft laws currently underway.

Specifically, the draft laws will push for the regulation of ICO operators’ promotion, sale and distribution of tokens; the secondary trading markets related to these tokens located in the territory and businesses offering investment advice related to tokens in Gibraltar.

As a result, the regulations will mandate ICO issuers to follow disclosure rules that includes ‘adequate accurate and balanced disclosure of information’ to all prospective token buyers. Further, the regulations will also establish mechanisms to prevent financial crime.

According to Gibraltar’s commerce minister Albert Isola, the regulatory move will coincide with authorities’ intent to protect consumers and safeguard companies offering token sales in Gibraltar.

GFSC senior advisor on distributed ledger technology (DLT) Siân Jones added:

“One of the key aspects of the token regulations is that we will be introducing the concept of regulating authorised sponsors who will be responsible for assuring compliance with disclosure and financial crime rules.”

Notably, the government’s announcement also hinted at the prospect of regulated investment funds dealing with cryptocurrencies and ICOs, a development that is currently under review.

The bill is expected to reach the Parliament’s floor sometime in Q2 2018. If passed into law, Gibraltar will prove an attractive destination for businesses weighing up token sales in the coming months and cryptocurrency investment funds in the future.

> https://www.ccn.com/world-first-gibraltar-plans-regulate-legalize-initial-coin-offerings/

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MINING Bitcoins - is it really profitable?

I attended an interesting Meet-up in HK yesterday:

Securing the Bitcoin Blockchain, Bitcoin HK
Monday, March 5, 2018, 7:00 PM
Garage Society QRC, 19th floor, 299 Queen's Road Central, Sheung Wan HK
Peter Ng shares his experience on running more than 40 industrial-sized mining sites, and his views on the future of cryptocurrency mining. All up, Peter manages 250 MW, enough to power around 200,000 average US homes.

=== ( I made some Notes for a friend who had to leave early) ===

+ What did I learn from someone long active in Crypto Mining? Mainly that Bitcoin mining does not seem to be an intrinsically profitable activity.  In the Q&A we learned; Ng sticks to the power side of mining.  He does not think the actual miner, "the guy driving the car" is going to make money. People "in the pit, servicing the car", ie in other parts of the "mining business" might still do okay.
+ He said he lost money in the early years that he was a miner
+ Now, it seems he is mainly building systems, and selling them off "to the people who want to drive them".  This suggests to me that new equipment might be profitable only for a very brief time - perhaps only a few months - because there is an extremely rapid obsolescence.  So he aims to build a system, and sell it off before it becomes loss-making

+ He said that some quoted co's (Hive and Atlas) have big market caps, and they can raise money cheaply in the stock market, and use their cheap money to buying mining farms.  "No one can compete with them in raising cheap money."  Using their financial edge, they are investing where mining is most likely to be profitable, where power is very cheap.  They are now focused on setting up their mining farms in places where power costs are well below China: places like Washington State and Canada.  (BTW, I heard more or less the same thing from Atlas, when I met with them in January.)

+ Overall average power costs are now too high in HK and in China to make money on a sustained basis.  And it can be "very hot" to be living in a flat stuffed with mining equipment.  Ng seems to have have pockets where he can get subsidized power.  He didn't say so terribly clearly, but he seems to now be mining crypto in a container in a farming area of Yuen Long.  By living next to chickens, he (or his client) gets access to government subsidized power - that's what I guessed from the clues he gave.

+ Ng doesn't want to see private mining disappear and leave the sector fully dominated by  big listed companies.  He misses the days when half the people at a Meet-up were miners, and the could compare notes at a Meet-up.  That's where he originally learned how to mine.  He said he did not expect miners to disappear.  "There are always new people who want to jump in, and give it a try."  He did not think they would be able to make money (in HK or China).   But many would want to try anyway.  He (& the panel) seemed to be saying it was better to start with GPU mining (NVIDEA & ??? chips) rather that ASIC Mining, and maybe with Ethereum rather than BTC.  Apparently, some of those who had been miners in the past had been bailed out by big jumps in the price of Cryptos.  But if they were relying on price appreciation it would be better to "just open an account on Bitmex, and speculate on prices."

=== ===

List of Blockchain companies, all are based in Vancouver CA

Symbol/ Can.    : Company------  : Price : $-CAD- : Shs-OS : Mkt.Cap ... in CAD---- : BTC@$1200 : bx :
ATLEF / AKE.c : Atlas Cloud Ent. : $0.81 : C$ 1.00 x 16.91M : $13.70M = C$16.91M : 11.42 K
HVBTF/ HIVE.v : Hive Block.Tech: $2.40 : C$ 2.96 x 226.6M : $543.8M = C$670.7M : 453.2 K
VSQTF/ VST.c  : Victory Square-- : $2.40 : C$ 2.91 x 62.38M : $149.7M = C$181.5M : 124.8 K (has a stake in a BTC miner)

CHARTS : Three Mining related co''s ...  Together : 6mo : HVBTF : ATLEF : VSQTF :

HVTBF / Hive Block Tech ... 6mos


ATLEF / Atlas Cloud Enterprise ... 6mos


The two BTC Miners (Hive & Atlas) have not done so well, while BTC doubled from $6,000 to near $12,000

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One Day Crypto Mining & Money Conference
3 April 2018 - HKCEC in Hong Kong
Jehan Chu, Mging Partner, Kinetic Capital - Keynote
Frank Holmes, US Global & Hive Tech, Chmn.
Lim Hong Zhuang, Founder, Chi-X
Lucas Cullen, Blockchain Australia
Other Panelists ( Rick Rule, Sprott; Jamie Skella, Horizon State)

> updated list: https://www.cryptominingandmoney.com/programme


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1/ Atlas Cloud announces the milestone acquisition of 1,000 mining servers

 VANCOUVER, BC, January 24, 2018

--Atlas Cloud Enterprises Inc. (CSE:AKE) (XFRA:A49) (OTCPINK:ATLEF) (the "Company" or "Atlas Cloud") an experienced IT service provider focussed on becoming the lowest cost producer in the blockchain and digital currency mining sector, is pleased to announce the milestone acquisition of 1,000 Application Specific Integrated Circuit (ASIC) mining servers slated for immediate mining deployment. The total purchase price was US$2,380,000 which was paid in full prior to delivery.

Atlas Cloud's initial hardware acquisition comes from Bitmain Technologies Ltd. ( Bitmain). The Antminer S9, is considered to be the most powerful, power-efficient, and first-ever consumer grade bitcoin miner in the world. Founded in 2013, Bitmain, as a private company, was established to develop and sell industry leading bitcoin miners utilizing specialised ASIC chip technology. Headquartered in Beijing and with offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu, Shanghai and Shenzhen, the company is among the most recognizable organizations in the cryptocurrency space, and the parent of multiple sector-leading products and brands.

Currently, Atlas Cloud's previously announced 3.0-megawatt Grant County Data Centre is completing refurbishment into a dedicated Bitcoin mining facility. In the interim, Atlas Cloud has entered into a private co-located hosting arrangement with an industry partner in order to commence immediate near-term mining operations. The S9 miners have arrived at the partner location, with the first units scheduled to come online on or around February 1 st. Activation and implementation of the entire 1,000 machine order is scheduled for no later than February 15 th.

The combined mining capability from the 1,000-machine installation provides 13.5 petahashes per second (PH/s) with a resultant mining capacity of 1.52 BTC/per day, based on current parameters. Operationally, Atlas Cloud plans to join Slushpool.com, the first Bitcoin mining pool in the world, to proportionally amalgamate resources with other global miners to reduce volatility of mining efficacy.

In a further innovation to maximize returns, the Company will employ automated software switching that reacts to predetermined thresholds designed to swap mining operations between Bitcoin and Bitcoin Cash depending upon gross mining profitability. Under the terms of the temporary co-location agreement, Atlas will pay all fees plus operational costs of $0.10 USD per kilowatt-hour (kWh) during this short-term hosting arrangement. When the updates to the wholly-owned Grant County Data Centre are completed, the 1,000 miners will be directly transferred to the newly outfitted subsidiary location to leverage electrical provisioning at approximately $0.03/kWh, one of the least expensive commercial rates in the world. Located proximal to Washington State's Grand Coulee Dam on the Columbia River, the facility is configured to commence operations utilizing 80% of the currently dedicated 3.0 MW of available power to host up to 1,700 S9 or similar ASIC devices. A second phase infrastructure upgrade (an additional 2.0 MW) is expected to be completed in 2019, increasing total available energy dedicated to servicing digital currency mining up to an impressive 5.0 MW.

2/ Provides Clarity Regarding Trading Halt

VANCOUVER, British Columbia, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Atlas Cloud Enterprises Inc. (CSE:AKE) (A49.F) (the “Company” or “Atlas Cloud”) wishes to advise that pursuant to a bulletin dated February 5, 2018, the Company has been halt traded pending completion of the Fundamental Change as deemed by the Canadian Securities Exchange (the “CSE” or “the Exchange”) as announced on January 2, 2018.

The development of the Company’s business to cryptocurrency mining was deemed a fundamental change under the policies of the Exchange and as a result, the Company will require approval of the Exchange and approval of the Company’s security holders. The Company will also be required to complete a disclosure document in support of the change of business.

The Company intends to seek security holder approval by way of a consent resolution.

The Company anticipates filing a final prospectus as its disclosure document within the next 5-10 business days and it is anticipated that, subject to the approval of the Exchange to the Fundamental Change, trading will resume.

As part of its commitment to continuous disclosure as a reporting issuer, copies of all filings and press releases can be found at www.sedar.com.

About Atlas Cloud Enterprises Inc.
Atlas Cloud Enterprises Inc. is a growth oriented, CSE-listed company focusing on the business of providing co-location and backup/redundancy IT, telecom equipment and cloud computing. Atlas Cloud will provide customers with secure power access, cooling and bandwidth to ensure co-located, back-up or Cloud systems offer minimum risk of failure. Furthermore, Atlas is focused on the blockchain sector and digital currency mining. Atlas Cloud aims to become the lowest-cost producer of digital currency mining and blockchain infrastructure. Atlas Cloud owns a facility currently undergoing preparations for use as a digital currency mining operation located in Electric City, WA. This location currently benefits from a dedicated low-cost energy source of 3.0 MW and the Company is seeking to significantly expand its operations with the development of additional facilities offering economical, high-yield energy infrastructure opportunities. Find out more at www.atlascloud.ca.

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On 3/6/2018 at 2:27 PM, drbubb said:

MINING Bitcoins - is it really profitable?

Securing the Bitcoin Blockchain, Bitcoin HK
Monday, March 5, 2018, 7:00 PM

+ What did I learn from someone long active in Crypto Mining? Mainly that Bitcoin mining does not seem to be an intrinsically profitable activity.  In the Q&A we learned; Ng sticks to the power side of mining.  He does not think the actual miner, "the guy driving the car" is going to make money. People "in the pit, servicing the car", ie in other parts of the "mining business" might still do okay.
+ He said he lost money in the early years that he was a miner...

ESTIMATED Bitcoin Mining costs, around the World

From the List:
USA: $4,758, Bulgaria: $4,362, China: $3,172, HK: $7,930, PH: $7,137
Myanmar: $1,983, Canada, Ont.: $3,172, Kuwait: $1,983, Trinidad &T: $1,190

For the mining rigs, we used the AntMiner S9, the AntMiner S7, and the Avalon 6. We were able to calculate the numbers on how many days it would take to mine one coin and how much power that would use. Based on the mining difficulty when this study was finalized in early January 2018, the AntMiner S9 would use 17,773.344 kilowatts and take 548.56 days to mine a coin. The S7 would use 45,889.008 kilowatts and take 1580.2 days, and the Avalon 6 would use 55,294.344 kilowatts and take 2194.22 days for a single coin.

Here’s what we found once we crunched the numbers:

Table of Bitcoin mining costs by country around the world
Bitcoin mining costs by country around the world

South Korea comes in as the most expensive country for mining a single coin at $26,170. From there, Niue, Bahrain, the Solomon Island, and the Cook Islands round out the top five, respectively. On the flipside, Venezuela came in as the cheapest nation at $531. Their electricity rates are heavily subsidized by the government, leading to incredibly low prices. Trinidad and Tobago, Uzbekistan, Ukraine, and Myanmar round out the rest of the five least expensive nations.

The United States came in as the 41st cheapest country for mining at $4,758. Russia, a major mining hub, was just a little below the U.S. at $4,675. China came in as the 17th cheapest nation at $3,172.

/ Unquote /
Please note that these are only country averages for electricity and that there are numerous other factors.  (For Example, unstable government and economy in Venezuela, or lack of infrastructure in Trinidad, as well as set-up costs and taxes).   Most of the large countries (US, RUS, CA, CHN,... will have different rates for commercial users in different states or provinces), and some that currently subsidize (like China, and oil-producing countries are looking to eliminate their subsidies)
Best regards, W.
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Crypto 'Gold Rush' As 'Mines' Pop Up Across Mountain West...

Thanks to its plentiful land and cheap power, rural Montana, Washington, and Wyoming are now home to a new crop of cryptocurrency prospectors.

Their neighbors aren’t too happy about it.

. . . In recent months, with bitcoin’s value and cultural prominence rising spectacularly, dozens of cryptocurrency mines have popped up in the rural West, following in the geographic footsteps of a previous gold rush. Lured by cheap rent and wide-open space, they’re bent on bringing “mining” back to a region that was largely defined by pulling precious materials from the earth — only this time, the gold is digital.

In January, an unknown company working in the blockchain space purchased 7,000 acres at the Tahoe-Reno Industrial Center in Nevada, right next to Tesla’s Gigafactory. At the end of February, a Utah-based company called Power Block Coin LLC announced a plan to invest $251 million over the next three years in Butte, Montana, to build a campus of mining data centers.

And here in Bonner, a town of less than 2 square miles nestled along the winding banks of Western Montana’s Blackfoot River, one of North America’s largest bitcoin mines has set up shop. The locals have questions — about how it all works, about how cryptocurrency mining might revitalize the area’s sluggish economy, and most important, about whether it can be trusted to stay in the region for the long-term. Could a cryptocurrency boom could be the region’s best chance to revitalize old industry towns? Or it will these companies elbow their way in, only to disappear if and when the bubble bursts?\

“You need just four things to produce bitcoin profitably,” said one cryptocurrency miner operating in the Pacific Northwest, who would only speak anonymously, “stable government, cheap power, good internet, and space.”

The Mountain West neatly meets all four criteria; indeed, “I’ve always thought we were a prime place for a data center if the stars aligned,” said Jim Davison, executive director of the Anaconda Local Development Corporation. “And it appears that maybe they have.” Davison’s organization works with companies looking to do business in and near Anaconda, a town of just over 9,000 about 100 miles southeast of Bonner, and he has watched closely as cryptocurrency companies have courted the region.

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U.S. Town Bans Bitcoin Mining Due To Excessive Energy Use Kitco News

A small town of Plattsburgh, New York, said last week that it is slapping an 18-month moratorium on cryptocurrency mining “to protect and enhance the City's natural, historic, cultural and electrical resources.”

The city council’s vote was unanimous and the fine for ignoring the ban will be up to $1,000 per day.

Plattsburgh, which has a population of nearly 20,000 people, used to be able to brag about cheap power, which it gets from the St Lawrence River.

But, in December and January, the town used up more than the 104 megawatt-hours of hydro allotted to it per month, which forced Plattsburgh to buy expensive power from the open market.

The decision to ban bitcoin mining was made after a public hearing was called by Plattsburgh’s residents complaining of a surge in their electricity bills.

“I’ve been hearing a lot of complaints that electric bills have gone up by $100 or $200,” Plattsburgh mayor Colin Read told Motherboard. “You can understand why people are upset.”

Prior to this, residents paid about 4.5 cents per kilowatt-hour. This is very cheap in comparison to 10 cents per kilowatt-hour — an average of what the rest of the country pays.

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  • 1 month later...

To anybody watching the price of Bitcoin, the blockchain boom came and went. Prices have dropped 60% since December.

Startups aren't watching the markets: in the last 3 months, the number of new crypto job listings has doubled.

Instead of raising money from VCs, crypto companies are selling tokens on their networks to fund development. These token sales or ICOs were incredibly popular: almost $3B+ was raised in March alone.

A new breed of investor has arrived designed to invest in this new model: cryptocurrency hedge funds. MetaStable Capital launched in 2014, followed by Polychain Capital and dozens more over the last two years. Even tech-unicorn Coinbase launched their own investment products.

Founded by one of the first employees at Coinbase, Polychain Capital alone has raised over $210M+ from top-tier VCs like Sequoia Capital and Andreessen Horowitz.

We talked with Polychain's Niraj Pant ?️ and Anarres Capital founder Jinglan Wang ?️ about their favorite crypto startups and projects:

Decentralized Finance

?️ 0x Protocol, a decentralized token exchange built on top of Ethereum. Raised $24M to compete with giants like Coinbase and Circle, and they're hiring engineers, research fellows, community managers, and more.

?️ Stellar is open-sourcing financial access for everyone with low-fee transactions, backed by fintech unicorn Stripe. Hiring for every position.

?️ dYdX is rebuilding the financial derivative market, so you can trade and short any decentralized asset. Hiring engineers in San Francisco.
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  • 3 weeks later...

i wont be buying this, but it sounds like an interesting idea

Introducing the World’s First Wine-Backed Crypto

Justin’s note: “It’s a big experiment. No one has ever done anything like this.”

I heard Mike Barrow say this a couple of weeks ago in Buenos Aires. He was speaking at an exclusive luncheon that Doug Casey invited me to. Mike is the team leader at OpenVino, a wine-backed cryptocurrency project.

That’s right—a cryptocurrency, backed by wine.

It was one of the most interesting business ideas I’ve ever heard—and it’s the latest proof that blockchain technology is taking off before our eyes. After all, OpenVino is using this revolutionary technology to “tokenize” a tangible asset that you can hold in your hand, and of course, drink.

Doug and I were so fascinated by this idea, I decided to call Mike a few days later to learn more about this grand experiment. Today and tomorrow, I’m sharing our discussion…

Justin: Mike, tell me about OpenVino. What is it exactly?

Mike: Well, let me start by telling you what it isn’t. It’s not a product or its own brand.

We're not developing the software platform nor creating a company called OpenVino nor developing some sort of a certification process. It's just an open-source project. We’re basically using a digital transformation of Costaflores, which is my winery and wine company. We’re doing this to address the three questions of price, quality, and openness or authenticity.

So let’s break those three questions down in reverse order. The first is how can we communicate the truth?

The idea comes from the software world. In an open-source project, you share intellectual property and openness. So we’re applying that to a small business—my winery.

Justin: How is your vineyard open-source?

Mike: We did this in a few ways.

In the vineyard, we've placed a bunch of different internet-of-things (IoT) sensors. These include a weather station and 16 different moisture sensors. They’re scattered throughout the vineyard.

We’ve also put in a 360-degree camera and we’re adding some other sensors. These will allow us to capture environmental data about what's happening in the vineyard.

We can track the temperature and location of the wine in the winery. We can do this all the way to the point of tracking the temperatures of the bottles in the cold storage stocks.

We can also capture human data. So we track what’s done on a day-to-day basis by the people working the vineyard. We can document what’s going on in the vineyard and in the winery. But we're taking it a step further.

Next month, we will start publishing all this business data, plus our accounting data. We’ll share how much we spend on the bottles, labels, corks, capsules, packaging, salaries, and taxes—everything you can imagine. Plus, we’ll share how much money we're making from sales in different locations.

The idea here is to take the books of the company and expose them to the world. I don't know of any other company that does this. Maybe there are some, but I certainly haven't heard of any other winery that does this. So this will make us the first full open-source winery.


Discover something few know / by clicking here.


Justin: But why?

Mike: The motivation behind all this is to answer the following questions: How can we communicate honestly about what we're doing? How can we also share more data than an organic certification company would do?

Let me explain… My winery has an organic certification. This means that I get a once-a-year visit. The organic certifier will call me a few weeks in advance and say, “We're going to do an inspection.” Then, they ask me a few questions.

It’s pretty cursory, but this isn't really their fault. It's just the way the world works. It would be too cumbersome and expensive for them to be exhaustive in their inspection process and questioning. So organic certification depends on just trusting somebody for what they're saying.

We hope to build upon that with OpenVino. We want to share our business information and intellectual property with academia, other winemakers, or simply anyone who might wonder: “Why are you doing it this way instead of that way?”

Ultimately, we hope to become a reference point for people studying these kinds of things, from both the business side and the winemaking side.

Justin: I’m surprised you’d want to share all this information with the outside world.

Mike: Well, let me say again that I operate a small business. So I don’t have much leverage in terms of negotiating purchases or anything like that.

But this will allow me to say to the world, “Look, I pay 15 pesos for each cardboard box. And if somebody else wants to offer it for 14, then that’s great.” I wouldn't have that opportunity if I weren’t publishing that information.

Extreme transparency could be very beneficial for a company of my scale. But I don’t see how this would work for Robert Mondavi, Grupo Peñaflor, or some other giant wine company. But it'll work for me.

Justin: And how does the blockchain play into OpenVino?

Mike: Okay, so we’ll publish all our accounting data, vintner data, work data, images, etc. on the blockchain.

We’re doing this because of the blockchain’s nonrepudiation function. This will allow someone to look at our data and know that it hasn't been modified. If it was, the hash wouldn't coincide. [Editor’s note: Hashing and creating a hash are part of the process of securing a block of transactions to the blockchain. Hashing is designed so that the inputs can never be changed, preventing double-spending.]

The blockchain acts as our seal or guarantee of authenticity.

Now, we could certainly do this project without the blockchain. We could still publish the data. But people would have to trust that I haven't tampered with the data. I could also pay an auditing company, but then you’d have to trust that third party.

So the blockchain authenticates what we're telling people. It will communicate truth from person A to person B without using a trusted intermediary.

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Justin: Since it's built on the blockchain, OpenVino will have a token. Right?

Mike: Yes, the token… The token helps answer the second question: What price should we decide for the bottle?

See, you have an understanding that wine’s an interesting commodity. Its price varies by orders of magnitude. One bottle can cost $2. Another can cost $20,000. But they’re both 750 milliliters of fermented grape juice at the end of the day.

Of course, there are different qualities of wines. And there are different stories behind each bottle. But you just don’t see this happen in other types of foods and beverages, or other types of commodities. So it's kind of an interesting product in that sense.

But this can be an issue when I go to sell wine. Some people will say that my wine’s too expensive for their shops. Other people might say that it's too inexpensive.

How can we find out what the real price should be? We let the market decide the price.

Also, the quality of wine changes over time. If you take a bottle home and keep it for two, five, or 10 years, the wine’s probably going to be a lot better. Then, the quality of the wine will plateau before falling off.

So the token will address two factors that impact the price of a bottle of wine: quality and variability over time. It’s the second reason why we used the blockchain.

Justin: Could you explain the economics of the token? How many tokens will there be? How will you distribute them?

Mike: Sure… The token will be for a 2018 vintage. We harvested the grapes from the 2nd, 3rd, and 4th of April.

On May 2, we did the final press. We were then able to determine the number of bottles, which was 16,348. So we issued 16,348 tokens on May 6. We put them on the market for sale. This was our initial coin offering (ICO).

Justin: How did you price the tokens?

Mike: This year, we will issue them at cost.

Again, you’ll be able to see the cost of producing each bottle since we’re publishing all that information. Once the ICO

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  • 3 weeks later...

Atlas / ATLEF ... 2yr : 1yr :


Charlie Kiser, CEO of Atlas Cloud Enterprises (OTC: ATLEF) (CSE: AKE)! Atlas Cloud is one of the firms positioned to lead the crypto mining sector, would you be able to give us a broad overview of the company before we dive into the particulars?

As the price of bitcoin is volatile, it is critical to be a low-cost producer so that we can mine bitcoins for a fraction of their spot price.

With crypto mining being a fairly new sector, we have come across several different business models when it comes to co-location or dedicated facilities and varying differences in the coins mined. Could you elaborate on Atlas’ core competencies and what coins you will be mining?

Atlas Cloud’s core competencies lie in its ability to identify, build, and operate bitcoin mining operations. Before moving into bitcoin mining, Atlas Cloud was a dedicated data center, and bitcoin mining facilities are data centers at their core. Understanding power distribution, Internet connectivity and latency, cooling, supply chain for equipment, are all integral in running these types of operations.

We also have a team that has tremendous experience in the capital markets for if we ever need to take on expansion capital.

We have a co-location facility that we use to mine while upgrading our current facility. Time is money when it comes to mining, so we wanted to get a head start in operating. Going forward, the strategy is to own the facilities that we run, it brings the cost of production down and allows us to have complete control.

We focus on bitcoin and bitcoin cash. Bitcoin is the blue chip player of cryptocurrencies and has, in our opinion, more robust economics.

What is the firms break even for each BTC mined? How does the inherent volatility in the crypto market affect your mining operations and is there a way to hedge against this?

Our co-lo facility is around $3,980/BTC and our Washington facility is expected to be about $1,395/BTC. Clearly, a higher price is better for bitcoin, all things being equal. But as you can see, we can also withstand a substantial decrease in crypto prices and still be fine. One way to hedge is to be a low-cost producer. This allows one to withstand high volatility. As long as you can be profitable, you can withstand volatility.

As impressive as the Washington facility is, what is the expected timeframe for completion and it being fully operational?

Early Q3 the Washington facility should be online. That will be the 3MW that we have access to this year, and we will get the other 2MW – for a total of 5MW – early next year. We have built the facility for 5MW, but it’s just a matter of the power utility company doing some extra work.

Are there any expansion plans on the horizon for Atlas into other markets?

We are actively pursuing other opportunities that fit our criteria. With the recent volatility in bitcoin price, many of these opportunities have decreased in price, which is lucky for us. We have cash that we are looking to deploy in a select few of these operations to take advantage of the lower prices.

With the meteoric rise of crypto in 2018 thus far, what is the firm’s stance on the velocity of the sector going into year end and care to comment on where you think the price of BTC could be at by 2019?

The recent pullback and then stabilization has been somewhat vindicating. Throughout the history of bitcoin, it has always had large spikes, subsequent pullbacks, then stabilization, then appreciation. The last 12 months has not been all that new for bitcoin, except that it was very public. Before it would have this high volatility, but it would not be on the news. So why I say it was vindicating is because it followed a relatively similar pattern as before: spike, pullback, stabilization. Now, just need the appreciation part of the cycle to begin. It’s a story as old as the markets.

With respect to predictions, we do not have a crystal ball and try not to pretend to. One way that we do look at it is through a cost lens. If you take the position that commodities trade around their marginal cost of production, then you can develop some numbers to go on. Estimates vary depending on exact assumptions, but you are most likely looking at somewhere between $30-70k to produce a bitcoin in 2020. The implication being that the price has to be higher than the marginal cost to produce to incentive production.

> https://futuremoneytrader.com/crypto-market-news/exclusive-interview-charlie-kiser-ceo-atlas-cloud-enterprises

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Atlas Cloud Mining Underway and Facility Completion on Schedule

VANCOUVER, British Columbia, May 17, 2018 — Atlas Cloud Enterprises Inc. (CSE:AKE) (XFRA:A49) (OTCPINK:ATLEF) (the “Company” or “Atlas Cloud”), an experienced IT service provider focused on becoming the lowest cost producer in the blockchain and digital currency mining sector, is pleased to provide a corporate update on its current business activities.

Atlas Cloud currently benefits from roughly $8,000,000 CAD cash on hand and is vigorously pursuing its strategic goals on several fronts. To-date, bitcoin mining is underway at its partner operated co-location facility. Under the facility agreement, Atlas Cloud pays $0.10 USD/kWh to operate it’s previously announced $3,000,000 CAD order of ASIC S9 miners which are able to deliver a computing capacity of 13.5 petahashes per second (PH/s).

As previously reported, Atlas Cloud’s five-megawatt (5.0 MW) Grant County Data Centre (GCDC) is nearing completion of an extensive and fully-funded $3,000,000 CAD renovation into a dedicated Bitcoin mining facility. Electrical and mechanical efforts are proceeding as planned with anticipated completion on-track for Q2/18. Upon completion, the regional power utility will supply a transformer suited to the currently proposed electrical requirements. The GCDC facility is anticipated to be fully operational in Q3/18.

Atlas Cloud expects to achieve significant efficiency by leveraging its proximity to Washington State’s Grand Coulee Dam on the Columbia River.  The Company significantly benefits from electrical provisioning rates at approximately $0.03/kWh, one of the most cost-effective commercial rates in the world.  At start-up, the Company aims to utilize 80% of the initial 3.0 MW of available power in order to host a proposed 1,700 ASIC S9 Antminer machines. A phase two infrastructure upgrade (an additional 2.0 MW) is planned for completion in 2019. With a target capacity of 5.0 MW at the current electrical provisioning rates, Atlas Cloud aims to position itself as a top performer in the cryptocurrency mining sector.

The development of the Company’s business to digital currency mining has been deemed a fundamental change under the policies of the Canadian Securities Exchange. As a result, the Company’s expansion of its business remains subject to the approval of the Company shareholders and the Exchange.

The Company plans on relying on shareholder consent for a change of business and a listing statement as the disclosure document. The Company has submitted the listing statement to the Exchange and will send the consent resolution to shareholders after the Company has received conditional approval of the listing statement.

> https://atlascloud.ca/atlas-cloud-mining-underway-and-facility-completion-on-schedule/

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A Tale of Two Bitcoin Mining Companies

I have bought put options on RIOT Blockchain (RIOT-Nasdaq) which I hope will expire out of the money.

A put is a contract to SELL shares in a company at a certain price. I have bought contracts for the right to SELL RIOT at five dollars. That means the contract is worth money if I can BUY shares in RIOT at less than five dollars.

The put options are a bet that RIOT drops in price, or insurance in case bitcoin goes down the drain in the next two months.

Why did I do that?

I own a lot of stock in DMG Blockchain (DMGI-TSXv) which won’t come free-trading until the summer.

And with the way the market Is treating public bitcoin mining companies, it is going to take quite a rally in bitcoin for DMGI to trade above $1.00 anytime soon.

I am LONG in DMG and short in RIOT so no matter which way the price of bitcoin goes, I should end up in the money on at least one of those investments.

I picked these two company as a paired trade because at first glance, the companies are very similar, as both are in the bitcoin mining business.  But the differences in the two are what makes think I could win both trades.

AT time of writing (March 26th) RIOT has a share price of $7.36 USD with a market cap of $71 million USD ($92 million CAD).

UPDATE : RIOT at 6/5/2018: $7.80 ... 12-mos :


DMGI has a share price of 78 cents CAD with a market cap of $45 million CAD.

UPDATE : DMGI / DMG Blockchain Solutions Inc. (CVE) at 6/5/2018: C$0.385 ... 12-mos :


(Also, I added this one):

ATLEF / Atlas Cloud Enterprises at 6/5/2018: C$0.225 ... 12-mos :


HIVE - etc, at 6/5/2018: C$1.12 ... Last 6-mos : RIOT: $7.80, ATLEF: $0.225


As you can see, the market cap of RIOT is twice that of DMG. But what are you getting for your investment in these companies? And this is where it gets interesting.

The only tangible assets that this companies have that have a chance of producing revenue anytime soon are the mining assets.

> more:



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HIVE / Hive Blockchain Technologies Ltd. ... update


site : https://www.hiveblockchain.com/

OPTIONS     25.3M
CASH US$100M (as at January 3, 2018)

In December 2017, HIVE completed a C$115 financing and committed to 6.8MW Phase 3 GPU In December 2017

“This financing provided us with a highly accretive growth opportunity – increasing our overall computing power by more than 150% (from 17.4 MW to 44.2 MW) with just 11% dilution to shareholders,” said Harry Pokrandt, President, CEO and a Director at HIVE. “In addition to our fully funded projects in Sweden, we will now have a strong working capital balance of approximately US$50M and significant flexibility to explore further projects and acquisitions.”

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (the “Company” or “HIVE”), the leading publicly listed blockchain infrastructure company, is pleased to announce that it has closed the final C$65 million tranche (the “Final Tranche”) of its previously announced private placement of up to C$115 million (the “Offering”), co-led by GMP Securities L.P. and Eventus Capital Corp. and including Haywood Securities Inc. and PI Financial Corp. (collectively, the “Agents”). The Final Tranche consisted of a total of 20,634,800 units (the “Units”) sold at a price of C$3.15 per Unit for gross proceeds raised of C$64,999,620. Each Unit consists of one common share (a “Share”) and one Share purchase warrant (a "Warrant"), with each Warrant entitling the holder to purchase one Share at a price of C$3.90 until November 14, 2019. The Shares and the Warrants issued under the Final Tranche are subject to a hold period expiring April 30, 2018. The Company anticipates that the Warrants will be listed on the TSX Venture Exchange (the “Exchange”) shortly after the hold period expires, subject to meeting the conditions in Exchange approval. In connection with the Final Tranche, the Agents received a cash commission of up to 6% of the gross proceeds raised in the Final Tranche, excluding any proceeds raised from Genesis Mining Ltd. (“Genesis”). In aggregate, a total of 36,507,900 Units were issued in connection with the Offering for gross proceeds raised of C$115 million.

HIVE also announces that Genesis, an insider and the largest shareholder of the Company, purchased 952,380 Units as part of the Final Tranche of the Offering for an investment of approximately C$3 million. Following the Offering, Genesis owns 77,412,655 common shares in the capital of the Company, representing 25.62% of the issued and outstanding shares of HIVE and would own 26.29% on a partially diluted basis, assuming the exercise of 2,770,560 share purchase warrants.

What The Future Holds For HIVE Blockchain - Seeking Alpha

Summary - Mar 6, 2018

Latest earnings report confirms low-cost strategy of HIVE an effective one.

Plenty of cash available to fund next growth phase.

Why the top line results were lower than expected in the quarter.

Major concerns over long-term business model, plans and performance.

The latest earnings report by HIVE Blockchain (OTCPK:HVBTF) confirms the company made the right decisions on the locations of its cryptocurrency mining farms, as it was able to generate a small profit at this early stage of its development.

It was a little disappointing on the top line, primarily because it took longer to bring the second data center on line in the quarter than was anticipated. That should change in the months ahead.

HIVE has more than enough cash available to finance its next expansion phase, which includes bringing its Sweden GPU Data Centre on line by April 2018, and its "Sweden Bitcoin Data Centre by September 2018."

Concerns going forward are in regard to its business model itself, which is focused on mining cryptocurrencies, and the volatility of those crytocurrencies and their impact on the company's performance over time.

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  • 1 month later...

ATLEF vs Hive vs Atlas ... update /

BTC all data: 8yr: 3yr: 12mo: 6mo 1mo 10d10d 5d / SLV-lv


NYXBT : 3yr : 3yr-377d : 1yr : 6mo :


CRYPTO---- : BTC &us$ - 07/22- : 05/10- :
Bitcoin-- : US-Dollars  @7,737 : @9,330 :
Cardano-- : .00002372 : $ 0.18 : $ 0.33 :
Bitc. cash : 0.10860---- : $0,840.: $1,761 :
Ethereum-: 0.06096---- : $  472.: $0,787 :
Litecoin--- : 0.01113---- : $  086.: $0,169 :
Ripple------ : 0.0000601 : $ 0.46.: $ 0.85 :
TRON------- : 0.0000047 : $ 0.03.:
EOS Token- : 0.001092 : $ 8.45.:

crypto mining companies

ATLEF vs Hive ... from 1.1.2018 :HIVE 7/20/2018 (vs.6/5): C$0.81 (1.12): RIOT: $5.90 (7.80), ATLEF: $0.12 (0.225)



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  • 2 months later...

HIVE's Statements Do not encourage me - Where are the Profits?


From Q1 report, for period ended June 2018

Total assets decreased to $157,840,520 as at June 30, 2018 from $161,367,859 at March 31, 2018, primarily
due to expenditures and operating expenses for the period. The significant assets consist of :
+ cash of $15,891,782,
+ digital currencies of $16,111,424,
+ a deposit of $3,000,000, the data centre equipment in Iceland and Sweden of $74,402,323 and
+ land of $15,412,793.
Total liabilities decreased to $3,923,120 as at June 30, 2018 from $10,261,134 as of March 31, 2018 primarily
due to payment of VAT payable of $8,500,000 related to the acquisition of the Sweden GPU Data Centre. In
relation to the Norway Acquisition, the Company assumed loans payable with a balance of $2,751,081.
In April 2018 the Company expanded digital currency mining in Sweden upon completion of the construction
by Genesis of the third phase of the Sweden facility providing digital mining capacity of 6.8 MW for
consideration of $22,000,000 increasing the Company’s total capacity to 24.2 MW.
During the period ended June 30, 2018, the Company recorded a net loss before tax of $2,722,439 (2017 – $28,603).
The results for the period ended June 30, 2018 are no comparable to the prior year given the
Company’s Change of Business in September 2017.
Income of $10,660,664 from the mining of digital currencies, including over 17,500 of Ethereum and 30,400 Ethereum Classic;
Revaluation losses were $1,336,918 for the digital currencies held at period end; as a result of marking to market the Company’s digital currencies held in inve ntory to the June 30, 2018 prices, being $449.14 for Ethereum and $16.13 for Ethereum Classic; and
The Company continued to sell digital currencies and received cash proceeds of $1,028,301 during the period ended June 30, 2018; the Company recognized  gain on sale of $61,672 in relation to the sale of digital currencies with a cost base of $966,629.
Operating Expenses:
Operating and maintenance costs were $4,219,483 consisting of fees paid to Genesis under the
Master Services Agreement, which includes electricity, daily monitoring and maintenance, facility
costs and all other costs directly related to the maintenance and operation of the data centre equipment
(see below for further detail); and Depreciation of $4,684,456 being straight line depreciation of
the data centre equipment over an expected life of four years.
General and Administrative Expenses:
Management fees, salaries, and wages of $290,960 relating to head office and overseas management, and director fees;
Marketing and branding fees of $402,382 in relation to marketing programs carried out concurrent
with the ongoing branding of the Company’s change of name and business, which includes
investor relations compensation of $249,260;
Office and administration expenses of $189,948 relating to general corporate expenditures for the
Company’s offices in Vancouver and Zug
Big Losses AND 4-year Straight Line Depreciation !!  Not good.
ETH & ETC market at high prices??
Better to buy ETH itself, and not shares in THIS mess!
The $400K Marketing program must be run by drunken sailors
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