The Investment I’m Most Grateful For

I hope all of my American readers and subscribers had a safe, happy Thanksgiving Day. This year has been exceptionally challenging for a variety of reasons, but I believe there’s still a whole lot to be thankful for. I trust you were able to spend some time with friends and family, whether in person or over Zoom, and found the time to count your blessings.

Americans appeared to buck Thanksgiving travel warnings from the Centers for Disease Control and Prevention (CDC), with the number of commercial air passengers hitting a new pandemic high. Nearly 1.05 million passengers took to the skies last Sunday, beating the previous record of 1.03 million people on October 18. That figure was beaten again on Wednesday, when 1.07 million people were screened to fly.

Number of commercial air passengers hit a new pandemic high
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One of the things I’m most grateful for is how well HIVE Blockchain Technologies has done over the past 18 months. As I’m sure many of you know, I serve as HIVE’s interim executive chairman, and U.S. Global Investors (NASDAQ: GROW) owns 10 million shares of the company, the very first publicly traded cryptocurrency mining firm.

Back in June 2019, HIVE managed to settle all disputes with Genesis Mining, bringing back transparency, accountability and responsibility. Basic corporate governance, in other words.

The settlement agreement also allowed us to drive down costs. This, coupled with higher Ethereum and crypto prices, means that HIVE is doing better now than ever before. 2020 has been marked by healthy expansion in mining capacity, the most recent example being HIVE’s acquisition of a data center campus in Grand Falls, New Brunswick, that will give the company access to an additional 50 megawatts (MW) of low-cost green energy.

So far this year, HIVE shares have soared an incredible 715%, well past Ethereum’s gain of 273%. This is very positive news for shareholders not just of HIVE but also GROW. Cryptocurrency prices remain highly volatile, the same as shares of HIVE, which move in the same direction as Ethereum about 90% of the time.

Number of commercial air passengers hit a new pandemic high
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With that, I invite you to join us this Monday for the HIVE earnings webcast for the fiscal quarter ended September 30. This quarter represents a full year since the company has been 100% in the driver’s seat of its operations, and though I obviously can’t give any details away right now, I’m very excited for you to hear them yourself. STAY TUNED.