Companies are Offering a Wider Range of Cryptocurrency-related Products

NEW YORK, March 19, 2018 /PRNewswire/ --

More investors are now exposed to a variety of cryptocurrencies as financial firms start to offer products that cover major digital currencies. Last Thursday, Crypto wallet startup Abra, introduced the world's first all-in-one cryptocurrency Wallet and Exchange. The new app will support 20 cryptocurrencies, including Bitcoin, Ether, Litecoin, Ripple, Bitcoin Cash and others. Digital currency investment firm Grayscale Investments also recently announced the launch of four new crypto funds: Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust and XRP Investment Trust. According to CoinMarketCap, total market capitalization of all cryptocurrencies was valued at about $340 billion on Friday. Chineseinvestors.com, Inc. CIIX, Marathon Patent Group Inc. MARA, Overstock.com, Inc. OSTK, Bitcoin Investment Trust GBTC, MGT Capital Investments, Inc. MGTI

Worldwide spending on blockchain solutions continued to increase. According to data from International Data Corporation, total spending on blockchain technology is expected to reach $9.7 billion in 2021. Bill Fearnley, Jr., research director of Worldwide Blockchain Strategies, said: "Interest and investment in blockchain and distributed ledger technology (DLT) is accelerating as enterprises aggregate data into secure, sequential, and immutable blockchain ledgers, transforming their businesses and operations…Many technology vendors and service providers are collaborating and working with consortiums such as the Enterprise Ethereum Alliance and the Hyperledger Projects to develop innovative solutions that improve processes such as post-trade processing, tracking and tracing shipments in the supply chain, and transaction records for auditing and compliance."

Chineseinvestors.com, Inc. CIIX just earlier today announced breaking news that, "it is exploring investments into Cryptocurrency Mining with its recent purchase of ASIC (Application Specific Integrated Circuit) machines used to mine SHA-256 or Scrypt mining algorithms to earn cryptocurrencies such as Bitcoin and Litecoin.

The Company's initial trial included the purchase of 20 BitMain L3+ Antminers and 7 BitMain S9 AntMiners that were installed inside a top of the line and secured datacenter near Seattle. Based on initial reports, the Company anticipates that this will be a successful venture that will open the door for the Company to consider adding 500 or more ASIC units and to make an additional investment in graphical processing units ("GPUs") and other equipment suitable for blockchain mining that can achieve minimum hash rates consistent with the equipment specifications by the end of its fiscal year, May 31, 2018.

According to ChineseInvestors.com, Inc.'s CEO Warren Wang, "this initial step into cryptocurrency mining positions the Company to capitalize on a growing industry which could have tremendous upside potential. Moreover, the knowledge that CIIX is gaining and the professional contacts it is developing in the cryptocurrency space is synergistic with the educational content the Company provides subscribers on its crypto news platform, NewCoins168.com.

"The Company endeavors to be on the cutting edge of blockchain technology and to stay ahead of the curve in an effort to continue to build shareholder value and increase revenues this year.""

Marathon Patent Group Inc. MARA is formerly an IP licensing company. Recently, the company announced that it has commenced bitcoin mining at its new facility in Quebec. On February 8, 2018, the Company announced it had purchased 1,400 Bitmain Antminer S9 miners and on February 15, 2018 the company announced it had leased 26,700 square feet of data center space in Quebec, Canada. The company announced the completion of its installation and the commencement of operations which are expected to utilize approximately 2.0 MW and deliver approximately 19 Ph/s of ASIC mining capacity. The Antminer S9s are presently mining Bitcoin, but are able to mine other digital assets/cryptocurrency using the SHA256 algorithm. Marathon is seeking to add up to an additional 3.9 MW of power. If successfully completed, this is expected to provide capacity for up to 2,800 additional Antminer S-9s that if acquired, could be located at this facility.

Overstock.com, Inc. OSTK fintech subsidiary announced the terms for its purchase of a 24 percent ownership stake in StockCross Financial Services, Inc. in February. The investment in StockCross adds a key partner with the custodial and clearing functionality of a U.S. DTCC member firm to tZERO's trading ecosystem. In a separate transaction, tZERO purchased a 1 percent ownership interest in Kennedy Cabot Acquisition, LLC, the controlling owner of Siebert. As a result of tZERO's ownership in Kennedy Cabot Acquisition, LLC, tZERO will own beneficially approximately an additional 200,000 shares of Siebert. tZERO's beneficial ownership of Siebert shares will total approximately 1.4 million shares or 5.3 percent of Siebert's outstanding shares. t0.com, Inc. is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (fintech) based on cryptographically-secured, decentralized ledgers - more commonly known as blockchain technologies. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. More information is available at tZERO.com.

Bitcoin Investment Trust GBTC enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins. On January 11, 2018, Grayscale Investments, LLC, the sponsor of the Bitcoin Investment Trust, announced that it has declared a 91-for-1 stock split of the Trust's issued and outstanding shares. With the split, shareholders of record on January 22, 2018 will receive 90 additional shares of the Trust for each share held.

MGT Capital Investments, Inc. MGTI ranks as one of the largest U.S. based Bitcoin miners. Further, the Company continues to execute on an expansion model to grow its crypto assets materially. On February 6, 2018, the company announced that it has executed a new purchase order with Bitmain Technologies for 1,000 S9 Antminer mining rigs, with shipment expected in March 2018. Also, the Company purchased and has received an additional 1,000 new S9 Antminers from a third party. Following shipment and setup, and in conjunction with the Company's current rigs in operation or undergoing deployment, MGT's cryptocurrency mining operations will be comprised of over 7,000 Bitmain S9's plus 50 GPU-based Ethereum miners. The Company expects all rigs announced to date to be operating by the end of the first quarter of 2018, at which point the machines are expected to generate nearly 100 Ph/s of total hash power.

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