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When people ask what I do for a living, in order to cut to the chase, I often say I'm an "investment researcher."
My job here – bringing you the world's best opportunities in technology, cryptocurrencies, and legal marijuana – means I spend most of my time doing research.
For tech and cannabis, that's a lot of work – but it's fairly straightforward.
For cryptos, well, it's a lot more complex.
Much of the action takes place not in the mainstream media and industry publications, but in off-the-beaten-track places like Medium, Reddit, and Twitter.
Moreover, East Asia is the global hub for cryptocurrencies. Japan is on the top of the list for per-capita crypto ownership. And while South Korea may be home to less than 1% of the world's population, it's responsible for 30% of all global cryptocurrency trading. (To find out how to get all my cryptocurrency research, click here.)
I don't read or speak any Asian languages. But here at Money Map Press – the publishing company behind Strategic Tech Investor – I've got the help I need to make this possible.
So today let's "pull the curtain back" and give those resources a little exposure.
And then I'll show how our teamwork revealed what will be one of 2018's biggest, most exciting tech initial public offerings.
This massive Bitcoin mining IPO could become one of the year's best profit opportunities.
So I'm champing at the bit to tell you this story.
Let's get started…
A Little Help from My Team
While tracking crypto news out of Asia early last week, one of my team members came across a Google-translated document from an unnamed source detailing a crypto mining hardware powerhouse's finances – and initial public offering plans.
My team member passed that document on to me – and my interest was definitely piqued.
After all, nothing moves capital and interest into a sector faster or more strongly than a hot IPO.
However, there was no way I could trust this document.
The translation was awkward at best – and while I can depend on Google Translate to get me the gist of certain things, I can't depend on it for accuracy.
So, I had my team track down the original document. Then another team member, fluent in Mandarin Chinese, was able to get me a full, accurate translation.
Those are the kinds of resources we've got at Money Map and STI – and that you've got as a member.
Now let me show you what we dug up…
The World's Biggest Bitcoin Miner
Before I get into the new details we unearthed about Bitmain Technologies Ltd., first a little background on this crypto mining juggernaut.
Started in 2013, Bitmain has grown into one of the go-to sources of application-specific integrated circuits (ASICs) and rigs. Those are the microchips and computing systems crypto miners use to "solve" cryptographic puzzles and obtain e-currencies like Bitcoin (BTC) and Ethereum (ETH). It's got an estimated 80% of the market for Bitcoin mining hardware.
Beyond the crypto world, Bitmain is moving to create its own artificial intelligence chip. Jihan Wu, the company's cofounder and CEO, says AI chips could account for 40% of its revenue within five years.
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The firm also runs some of the world's largest mining pools – groups of miners who pool their processing capacity and split the rewards. According to Bitcoin data site Coin Dance, Bitmain's AntPool and BTC.com mining pools now control more than 33% of Bitcoin's mining power.
Bitmain has more than 2,000 employees in China, Canada, Israel, the Netherlands, and Switzerland. And here in the United States, the company recently opened up a 20,000-square-foot facility in San Jose, Calif., and is planning on another new mining operation in Rockdale, Texas. That's in addition to offices in Arizona and Washington.
That's what we knew before we uncovered that badly translated document.
Here's what we've learned since…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.