• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Buy SilverTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Buy SilverTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Bitcoin

Global Blockchain Tech Is About To Spend $20M On Antminer S9s

Samuel Rae by Samuel Rae
3 years ago
in Bitcoin, Blockchain
Reading Time: 2min read
Hydrominer
Advertisement

As the cryptocurrency and blockchain spaces heat up, traders and investors are looking for an exposure to the incredible growth seen in the sector over the last twelve months. The most obvious allocation is a direct acquisition of one of the leading cryptocurrencies – bitcoin, Litecoin, etc. These coins have returned thousands of percentage points in reward over the last twelve months and they remain an attractive pick for a many.

For a large portion of the market, however, a direct cryptocurrency buy is anything but an attractive exposure.

These coins remain incredibly volatile and, at the same time, are relatively difficult not just to buy and sell but also to store securely. These barriers to entry have led many of the more traditional traders and investors to seek alternative exposures and, of these exposure types, publicly traded companies that operate in the bitcoin and blockchain spaces have become a favored asset.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Only a handful of these companies are actually tied directly to the space, however, and any of these are relatively stagnant when it comes to operational advance and establishing a position from which they can take advantage of industry growth going forward.

Of those options on offer, one of the most attractive right now is Global Blockchain Technologies Corp. (OTCMKTS:BLKCF).

The reason this company is one of the most attractive is that it’s set up as an investment management company, designed to provide investors access to a basket of holdings within the blockchain space. The company is managed by a team of industry pioneers and early adopters of all major cryptocurrencies and is headed up by an individual this fits firmly within both of these just mentioned categories – President and Chief Operating Officer, Shidan Gouran.

And as mentioned, Global Blockchain is moving fast to establish itself as a leader in the publicly traded side of this space.

On January 2, 2018, the company announced that it had received regulatory approval to complete the purchase of a previously announced batch of cryptocurrency mining equipment. Specifically, the purchase amounts to 6,666 Antminer S9s (from Bitmain Technologies Limited, a privately-owned multinational semiconductor company headquartered in Beijing, China) and equates to a total purchase price of $20 million.

The interesting thing here is that Global Blockchain isn’t actually going to be undertaking any mining operations itself. Instead, the purchase is for investment purposes (these pieces of hardware are incredibly low supply and high demand) and, alongside the regulatory approval notice, Global Blockchain reported that a company called Coinstream Mining (a company that Global Blockchain has already kicked off a collaboration with) has agreed to accept a number of Antminer’s, to be negotiated, in satisfaction of a US $10 million investment commitment to Coinstream by Global Blockchain.

So what should investors look for next as indicative of growth?

This company is in a corrective phase right now, primarily driven by the action seen in the bitcoin price over the last couple of weeks (naturally, Global Bitcoin’s share price and the bitcoin price are correlated) and there’s a good chance investors will see the current dip as an opportunity to pick up some cheap shares ahead of a return to the overarching upside momentum.

Traders should look out for any releases related to the above mentioned Coinstream negotiation, as well as any fresh deals between global Blockchain and other industry-specific companies, as company-driven catalysts. From a macro perspective, any return to strength in the bitcoin price should also boost share price.

Tags: BLKCFblockchain
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Rae

Samuel Rae

Related Posts

bitcoin and Ethereum macro beating

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

2 days ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Bearish Correction Pauses: Focus Remains on Dollar and Yields

2 days ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Affect? Billionaire Fund Manager Sells 1.8M Tesla Shares for Clients

3 days ago
Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

3 days ago
bitcoin gold ethereum mark cuban peter schiff

Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today

4 days ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Price Outlook: Executive Sees BTC/USD At $60,000

4 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

EcoCelium is Now Live – Ready to Mark the Next Step in DeFi

March 5, 2021

MXC Exchange Commits to Integrating USDC-SPL on Solana

March 5, 2021

Gambling Exhibition Ukrainian Gaming Week 2021: A Range of Products From Exhibiting Companies, an up-to-Date Program and a Special Offer

March 5, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Buy Silver

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.