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. (show less)

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 ... (read more)

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Kitco News
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