Daniela Cambone of Kitco News recently visited the HIVE Blockchain Technologies’ cryptocurrency mining operations in Iceland and spoke with Frank Holmes, CEO of U.S. Global Investors and non-executive chairman of HIVE. Frank gives Daniela a tour of the facilities and explains how the cool climate and inexpensive geothermal energy of Iceland are ideal for crypto mining. Daniela also chats with Sam Pelaez, chief investment officer of Galileo Global Equity Advisors, about the benefits of investing in crypto miners versus digital coins directly.
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Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE, directly and indirectly.
U.S. Global Investors owns 65% interest in Galileo Global Equity Advisors.
A hash is the output of a hash function and, as it relates to cryptocurrencies, the hash rate is the speed at which a computer is completing an operation in the cryptocurrency’s code.
All-in sustaining costs takes into account the pertinent costs of mine maintenance as well as behind-the-scenes costs that aren’t often associated with on-site mining but still factor into overall expenses, such as corporate and administrative costs and mine development among others.