4 Blockchain Penny Stocks That Are Soaring

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The Canadian blockchain penny stocks on our list have seen stock price surges of up to 1900% year to date

SmallCapPower | October 11, 2017: Blockchain technology has been hot recently as some reports suggest that this development could be the biggest thing since the widespread adoption of the Internet. That being said, the Canadian blockchain penny stocks on our list today have been ‘quickest off the block’ in terms of early stock-price appreciation.

Global Blockchain Technologies Corp. (TSXV:BLOC)
Investment Company

Global Blockchain Technologies Corp. (GBT), formerly Carrus Capital Corp, is an investment company providing investors access to a basket of holdings within the blockchain space. GBT is focused on streamlining the process that interested investors currently must undergo in order to gain exposure to the cryptocurrency space. GBT aims to become the world’s first publicly-traded company that invests in vertically integrated originators and managers of top tier blockchains and digital currencies.

  • Market Cap: $55 million
  • YTD Price PCT Change: 1900%

HIVE Blockchain Technologies Ltd (TSXV:HIVE) – $1.73
Software

HIVE Blockchain Technologies Ltd, formerly Leeta Gold Corp, is a Canadian blockchain company. The Company has partnered with Genesis Mining Ltd, a cryptocurrency mining provider, to operate blockchain infrastructure for an Ethereum mining facility in Iceland. HIVE is up 513% since the closing of its private placement in July 2017.

  • Market Cap: $391 million
  • YTD Price PCT Change: 513.3%

BTL Group Ltd (TSXV:BTL) – $4.12
IT Services & Consulting

BTL Group Ltd. is a Canadian blockchain technology company with operations in Vancouver, British Columbia.  The Company’s Interbit product is a blockchain development platform that allows users to incorporate blockchain capabilities into enterprise applications. The Company’s remittance business, Xapcash leverages blockchain technology to create cash-in cash-out settlements solutions from Canada and the United Kingdom to target countries. The Company also operates SecurePlay; a platform used in fantasy sports.

  • Market Cap: $79 million
  • YTD Price PCT Change: 243.3%

Goldmoney Inc. (TSX:XAU) – $4.84
Online Services

Goldmoney Inc., is a financial services and technology company with operations in Canada. The Company operates through two segments: GoldMoney and BitGold. XAU’s BitGold segment operates a gold savings platform and a gold payments network allowing individuals and businesses to make purchases or sales of gold, receive online payments, or transact with online merchants. Alternatively, GoldMoney offers precious metals custody and wealth services, trading and execution, and independent research to high net worth individual investors and institutions.

  • Market Cap: $335 million
  • YTD Price PCT Change: 47.6%

Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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