Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Companies Solving Bitcoin’s ‘Green’ Problem To Make Investors Green (GENH, ARBK, BITF, CLSK, HIVE, SDIG, NEE)

China has gotten a bad wrap over the years for its greenhouse gas output, however, Bitcoin’s carbon dioxide pollution has gotten even worse since China outlawed Bitcoin mining. Chinese miners were using clean hydropower since many of them have exited the country and replaced the clean power sources with coal and gas.

Mining bans, don’t actually curb emissions, in fact, quite the opposite.  Miners are forced to find cheap energy elsewhere and this energy is usually of the ‘dirty’ variety.   Bitcoin’s carbon footprint is about equal to Czech Republic’s entire country.

Since China’s mining ban, the US and Kazakhstan have become the world’s largest miners.  However, Kazakhstan could lose that slot as regulation related to failing power grids caused by excessive mining activities is now being levied.  Kazakhstan relies primarily on hard coal that releases even more planet-heating CO2 than other types of coal.  The US isn’t much better.  America boasts over a third of the world’s Bitcoin mining operations and uses gas and coal for a majority of its electricity.

 

In 2021, Ethereum (CRYPTO:ETH) and Bitcoin (CRYPTO:BTC) alone emitted the equivalent CO2 to 15.5 million cars (78 million tons).  The problem needs to be solved.

 

WHO WILL CREATE THE SOLUTION?

Generation Hemp, Inc. (OTCMKTS:GENH) is one of the most interesting ways to play this growing crisis.   The midstream hemp company has partnered with Massachusetts-based Cryptech Solutions, the largest volume reseller of ASICS in North America, to build ‘green energy’ plants and Bitcoin mining farms that utilize hemp as the primary power source. 

Through a Joint Venture the two will create sustainable crypto mining farms.  The first plant will be able to generate 2 megawatts (‘MW’) which would allow for up to 576 mining units.  Assuming 100 TH/s per unit, GENH and Crypt Solutions would be able to generate $3.65 Million in annual Bitcoin revenues at today’s prices.

To give some context to how big this joint venture can eventually become GENH Chairman and CEO, Gary C. Evans noted, “This will be a tremendous learning experience for us as we are planning significantly larger projects in the southeastern U.S.”  Not bad for a first ‘small’ test facility.

Generation Hemp, Inc. (OTCMKTS:GENH) has picked a great dance partner in Cryptech Solutions.  The company has sold and sourced over 50,000 miners, 1,000+ hardware transactions, and 100+ MW of hosting/power.

This venture may be the best way to play Bitcoin’s ‘green problem’.

The energy required for a single Bitcoin transaction could power a home for more than 70 days.

That’s why green crypto is more than a buzz phrase, it’s a mandate.  Valkyrie’s new Bitcoin Mining ETF (WGMI) has a mandate is to invest 80% of its net assets in miners that derive a minimum of 50% of their profit from bitcoin mining and primarily use renewable energy. 

The top five holdings of the fund are Argo Blockchain (Nasdaq:ARBK), Bitfarms (Nasdaq:BITF), Cleanspark (Nasdaq:CLSK), Hive Blockchain (Nasdaq:HIVE), and Stronghold Digital Mining (Nasdaq:SDIG).  GENH may eventually become a desirable addition to ETFs like this.

INVESTING IN CLEAN ENERGY TO SOLVE THE PROBLEM

Renewable utility companies may be a ‘cleaner’ way to invest in the solution.  NextEra (NYSE:NEE) has built and contracted renewable sources to fulfill it's already built-in revenue streams. It plans to add between 23 GW and 30 GW of renewable capacity between 2021 and 2024. On the high end, that would put its capacity above 50GW.  The U.S. had 1,117 GW of utility-scale electricity production capacity in 2020, and that includes both renewable and nonrenewable sources. 

THE MOST ELEGANT SOLUTION GENH?

 

GENH will be both a green power source and an environmentally-friendly miner, making it potentially the best way to play a greener crypto space.

 

Disclaimers: Capital Gains Report ‘CGR’ is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by CGR is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall CGR. be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by CGR., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. CGR. strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, CGR., its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR has been compensated three thousand dollars via wire transfer by Generation Hemp, Inc. to produce and syndicate content for GENH. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website.

The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.

Media Contact
Company Name: Capital Gains Report
Contact Person: Mark McKelvie
Email: Send Email
City: FORT MYERS
State: FLORIDA
Country: United States
Website: http://capitalgainsreport.com/


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.