Well, to be accurate, Genesis derisked themselves by selling mining operations & management to Hive. Hive derisked themselves by selling ownership via stock to investors.
Genesis has a large share position & a seat on the Hive board.
Hive, for all practical purposes, is the publicly tradable face of the privately held back end mining operations in Iceland & Sweden of Genesis.
Hive is not affiliated with any mining operation other than Genesis. Genesis, being privately held, has not released info that would allow us to "know" about any similar relationships with any other publicly traded entities. However, a thorough reading of the filings of Hive causes me to conclude that Hive would not have entered into their arrangement with Genesis had they not been exclusive as well.
So, DERISKING is the key word for both Genesis & Hive.
Smart business move on both sides, IMHO.
Imperil Whazoo
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