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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 Defense and Tech Specialist for Money Map Press. He is a 36-year Silicon Valley veteran and one of the top technology financial analysts working today. That's because, as a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs, scientists, and high-profile players. And he brings this entire world of Silicon Valley "insiders" right to you...
- He was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon.
- He was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
- As cyber-security was becoming a focus of national security, Michael was with Dave DeWalt, the CEO of McAfee, right before Intel acquired his company for $7.8 billion.
This all means the entire world is constantly seeking Michael's insight.
In addition to being a regular guest and panelist on CNBC and Fox Business, he is also a Pulitzer Prize-nominated writer and reporter. His first book Overdrawn: The Bailout of American Savings warned people about the coming financial collapse - years before the word "bailout" became a household word.
Silicon Valley defense publications vie for his analysis. He's worked for Defense Media Network and Signal Magazine, as well as The New York Times, American Enterprise, and The Wall Street Journal.
Michael is 100% independent and receives absolutely no compensation from companies he writes about. His ideas are completely his own.
So, it probably goes without saying that you won't ever be left in the dark about breaking innovations, ahead-of-their-time technologies, and breakout companies on the cusp of changing the world once you join this world.