6.eXeBlock Technology (TSXV:XBLK)
Market cap: $103.77 million; current share price: $1.69
eXeBlock is relatively new, having officially begun trading on the Canadian Securities Exchange on November 16. Headquartered in Nova Scotia, eXeBlock’s services include blockchain technology consulting, blockchain application development, and custom blockchain development.
7. Global Blockchain Technologies (TSXV:BLOC)
Market cap: $48.56 million; current share price: $2.65
Formerly Carrus Capital, Global Blockchain Technologies is also relatively new in the blockchain sector, having just announced its name change effective October 5.
Global Blockchain provides investment services and was founded in Vancouver in early 2010.
8. HIVE Blockchain (TSXV:HIVE)
Market cap: $872.64 million; current share price: $3.72
HIVE Blockchain is also relatively new to the scene but is already making a name for itself in the market. HIVE looks to “build a bridge” between the blockchain market to traditional capital markets, and is strategically partnered with Genesis Mining, a cryptocurrency mining hashrate provider.
On October 10, the company announced a $7 million equity investment by Genesis Mining. Then on October 11, HIVE announced it had closed a $30 million bought deal financing. In mid-November, HIVE announced it had closed a $34.5 million bought deal financing, proceeds of which will be used for the second phase of construction of the digital currency mining data center in Sweden.
9. Marathon Patent Group (NASDAQ:MARA)
Market cap: $11.35 million; current share price: $1.46
While not a pure play blockchain company, Marathon Patent Group is an IP licensing and commercialization company that acquires and manages IP rights from a number of sources. Case in point, in early November the company announced it will acquire Global Ventures, a digital asset technology company that mines cryptocurrencies.
10. MGT Capital (OTCMKTS:MGTI)
Market cap: $80.62 million; current share price $1.66
MGT Capital is currently acquiring and adding to its diverse portfolio of cybersecurity technologies, but is also in the business of bitcoin mining. According to its website, MGT is in a strong position to become the “preeminent” crypto-mining enterprise in the US. As it currently stands, MGT Capital has a number of locations in central Washington state.
In mid-October, the company announced an update on its cryptocurrency operations, highlighting that its bitcoin mining operations are projected to generate over $2 million in monthly revenue.
11. Riot Blockchain (NASDAQ:RIOT)
Market cap: $86.12 million; current share price: $10.35
Riot Blockchain is also relatively new to the blockchain scene, having changed its name from Bioptix to Riot Blockchain at the beginning of October. Formerly a biotech company, Riot Blockchain is the first mover on the NASDAQ as a pure play blockchain company. Riot hopes to gain exposure to the blockchain ecosystem through investments in the sector, specifically through bitcoin and ethereum. The company has partnered with Coinsquare by way of a strategic investment.
This is an updated version of an article originally published on the Investing News Network in 2016.
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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: 360 Blockchain is a client of the Investing News Network. This article is not paid for content.