Today we are taking a look at three companies involved in mining cryptocurrencies, and whether analysts think this decline in price over the last two months has created a good buying opportunity!!
00:00 Intro
02:41 RIOT
04:59 MARA
08:01 HVBTF
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Riot Blockchain Inc (RIOT)
Riot Blockchain, Inc. is a Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States. They are focused on expanding their operations by increasing their Bitcoin mining hash rate and infrastructure capacity. Riot believes the future of Bitcoin mining will benefit from American operations and endeavors to be the driver of that future. They have 3 Buy ratings from analysts.
Marathon Patent Group (MARA)
Marathon Digital Holdings aims to build the largest mining operation in North America at one of the lowest energy costs. Marathon helps you gain exposure to Bitcoin in your portfolio without having to deal with the complications of holding the asset directly. With 3 Buy ratings, their stock comes in as a Strong Buy.
HIVE Blockchain Technologies Ltd (HVBTF)
HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden and Iceland, which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Their deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. They have one analyst rating that is a Buy.
Disclaimer: The opinions expressed in this video are solely those of the featured analysts and do not represent the opinions of TipRanks nor the YouTube creator. The content is intended to be used for entertainment & informational purposes only and is not financial advice. Do not take these videos as suggestions to purchase any specific stocks. It is very important to do your own analysis before making any investment.
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