Big move over the weekend in crypto land
Bitcoin up over 13%+ this weekend alone
Stock to watch for crypto/blockchain related
- CHP, recent 20% investment for $2.5m CAD in a crypto mining business called GPU.One who already have an 18 megawatt facility with another facility touted at 100 megawatts. Peers valued @ $300m+ on TSX & NYSE including Hut8 & HIVE. The higher the price per bitcoin the higher the profit margins for CHP. Current market cap of only $10.5 million where it’s existing assets, NOT INCLUDING GPU.One, are worth over $25m
Undervalued & will make a good day and short term trade from this current level, well undervalued