Exposure: Digital Asset Mining, Dash Masternode, Digital Asset Tax Software
- Targeting 4,000 mining rigs running by the end of 2018. Plans for continued rig expansion through 2020.
- Own one Dash Masternode (1,000 Dash x $488 = $488,000 as of 3/10/2018)
- Masternode will produce around 7 Dash per month
- Also will receive node rewards from other DASH Masternodes via a business deal with Node 40 (3 year contract)
- Masternodes essentially print money
- Positioning themselves as a blockchain solutions company
- Acquired tax software service
Reasons to be bullish
exposure to Dash (they plan to Hodl as of now) and growing digital asset mining operation.
Reasons to be bearish
Under 1,000 rigs mining right now and still need to show they can manage and profit from their expanding digital asset mining operation. If you invest, you need to believe in DASH.
Hashchain considers themselves a blockchain company, not just a mining company. As they diversify their blockchain endeavors, they create an interesting mix of blockchain exposure for investors.
They provide a simple means for investing in DASH, a monster cryptocurrency with endless operational funds and a dedicated marketing team.
Additionally, Hashchain is addressing a huge need in the space. By providing traders and investors with a custom tax software product tackling the nuances of digital asset investments.
Add in the mining operation, and this company offers a vertical play for speculators looking for exposure to all of the layers of blockchain’s technology stack.
Legal Information and Disclosures
This review expresses the views of MPower365 as of (3/10/2018) and such views are subject to change without notice. MPower365 has no duty or obligation to update the information contained herein. Further, MPower365 makes no representation, and it should not be assumed, that past investment performance is an indication of future results. Moreover, wherever there is the potential for profit there is also the possibility of loss.
This review is being made available for educational purposes only and should not be used for any other purpose. The information contained herein does not constitute and should not be construed as an offering of advisory services or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. Certain information contained herein concerning economic trends and performance is based on or derived from information provided by independent third-party sources.
MPower365 believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based.
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*Principals of MPower365 own stock (as of 3/10/2018) in Hashchain (HSSHF)