May 11, 2018 Guest(s): Frank Holmes CEO, U.S. Global Investors
Sam Pelaez Chief Investment Officer, Galileo Global Equity Advisors
Harry Pokrandt CEO, HIVE Blockchain Technologies
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.