Hive Switches From Mining Gold to Bitcoin, Surges Six-Fold
- Vancouver firm gives investors exposure to data crunchers
- Canadian mining magnate Frank Giustra is among early backers
Bitcoin Climbs Above $5,000, Hits Another Record High
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Frank Giustra, the Canadian mining maverick who amassed a fortune building what would become one of the world’s largest gold companies, is digging for another kind of gold: cryptocurrencies.
The company he’s backed, Vancouver-based Hive Blockchain Technologies Inc., is among the first publicly traded stocks to provide exposure to crypto mining -- the vast data crunching needed to verify the blockchain and the volatile currencies they produce like bitcoin and ether.