HIVE Blockchain Technologies Ltd (HIVE)

[rjunior79]

HIVE’s focus mining efforts on Ether - Ethereum is up 5% this week despite the drop in Bitcoin.
This from their website:

"What about Bitcoin?

Genesis is already a very significant player in the Bitcoin market. HIVE’s decision to initially focus mining efforts on Ether does not mean we will not also mine Bitcoin and other cryptocurrencies in the future. However, we, like our partner Genesis, are very excited about the potential for the Ethereum project.

Genesis made an early bet on Ethereum and constructed the world’s largest Ether mining facility — known as Enigma — specifically to support the project at an early stage of its development. Genesis is a world leader in optimal construction and operation of GPU-based mining facilities as a result.

The bottom line is that HIVE will focus its hash power on the most profitable coins to mine, which will vary from time to time."

Source: https://www.hiveblockchain.com/faq/