Published on October 12th, 2017 | by bitcoin0
According to Bloomberg Hive swithches away from Gold and into Bitcoin.
Frank Giustra, the Canadian mining maverick who amassed a fortune building what would become one of the world’s largest gold companies, is digging for another kind of gold: cryptocurrencies.
After only three days, the company raised C$30 million in a share sale led by GMP Securities LP.
Hive paid Hong Kong-based Genesis Mining Ltd., builder of the world’s largest ether mining facility, $9 million and gave it a 30 percent stake to acquire a new data center in Reykjanes, Iceland.
The high-risk, high-reward mentality of those who back hard-rock mining exploration eases the leap from physical to digital gold, says Pokrandt, who’s focused on mining and resources for more than two decades.
“The difference is that gold bugs tend to all be 60 years old and crypto guys are 20.”