 Interesting What's up money geeks, mr. V here welcome to another video guys so into this video I want us to talk about ticket symbol See a and so this is a company that is actually in the business of manufacturing mining rakes for Bitcoin so a lot of you guys I've covered his company here on the channel in the past when I did my top five Mining stocks so obviously we have riot. We have Mara We have can we have FT FT We have SOS and a bunch of other ones that are over the counter But there's some new development We can that I want to share with you guys and this might be a potential catalyst for this stock even though For sure Bitcoin is the catalyst the price of Bitcoin drives the price of this stock But they are expanding into other areas that might definitely Benefit the company even some so that's what I want us to cover into this video But before we get to the guys for a new to the channel, we took about how to earn money How to save money how to invest and build wealth So there's something that interests you go ahead and hit that subscribe button any notification belt So you don't miss out on new content. So again, like I said, this company is actually in the business of Developing mining reeks and I said mining reeks. I'm talking about mining for Bitcoin So they develop these reeks that they sell to people if you want to mine Bitcoin from the comfort of your house You can actually order one of these reeks and install it. I mean as long as you have The ability to power it and pay for the power that's going to use you'll find you can order one of this for these guys They do it even at skill where they can supply industrial level Mining reeks to you if you wanted to so they build it and just send it out So for the most part people usually would spend a ton of money building this for themselves But these guys they do that heavy lifting for you and all you have to do is pluck and play and you're good to go So now the company is looking at other ways to expand if you guys notice very well Again, this is a Chinese company. Just so you guys know The reason I'm making that is I'm saying that is because Chinese companies Especially the ones in the Bitcoin space or mining space Recently, there's been a crackdown in China where the government is actually talking about this Bitcoin not being for real and they're using a ton of energy. So basically cracking down on them So can has actually put out some notice here. Let me jump to the news here. So Kenan to begin mining Bitcoin itself. So Here's a twist not only have they gone from Building these mining reeks that they sell to people or to businesses now. They want to expand your operation by Also leveraging their their their reeks to mine Bitcoin for themselves, which I think is a brilliant idea if you Believe in the in your product that you sell to people to businesses to individuals to be able to mine How about you said that your own mining reek to actually even demonstrate to your customers that hey We don't only say this thing we do use it and this is this is how it works I think it's a brilliant idea, but Besides that, I think there's more things even in this article. This are the actual actually cover it here first things first Notice that they are not Setting up this mining operation in China. Even just a Chinese company. They are going to Kazakhstan And I think for one or two reasons number one is probably power out the electricity out is probably cheaper And then the second reason is that they want to get away from The Chinese government because of the crackdown and this I could actually cover that too So with the negative press that is being out in China Hey, why would you want to set up more operations to tie yourself down in in China? So I think that's what's driving them out to go Establish in Kazakhstan to me most importantly is just the fact that this is probably going to increase your revenue In my personal estimation here Not you're gonna be getting revenue from selling, you know Your mining rigs, but you're also gonna be bringing in revenue from mining Bitcoin So if the price of Bitcoin goes up, you benefit from both angles because you're selling more mining rigs as well as your mining More Bitcoin, so that's something that I wanted to kind of point out to you guys as we are doing this video You can see right here Canon such as sitting at $8 and 14 cents that was after before market closed after ours is $8 and 13 cents so If you look right here just for the last six months the stock is up 94 percent, which is insane So if you can see here between March in and I think March in April see the stack went to a high of about $36 and some change that was on March 11 So let's let's kind of know put this alongside Bitcoin and see what happened So we go back six months here March 11, so this is March 16. So March 11 to be around somewhere around there where Bitcoin actually got to 30 to $60,000 over $60,000. So you can see that this stock actually Moves along with Bitcoin. So if Bitcoin goes up obviously this stock would go up. Bitcoin's go down You're gonna see it. So like most recently, so let's just go back five day here five day here See big coins been taking a beating and you can see the reflection and look at that day where we have a Bitcoin came now under $30,000 and you can see here that you stocks are Responding to that real time and then Bitcoin starts to go back up, which is currently sitting at about 34 1900 now this thing is a squeeze back from that 470 squeeze back to 814 So they actually really Know look at Bitcoin to set the path. So hopefully if Bitcoin can get back to that 40 50 Then you're gonna see these this stock really pop, but again to me If you see Bitcoin dip under 30 like it did the first time here and bounce back The dip on this one would be a place for us to enter and see if we can make some profit there, too So this one again, it's a Chinese company just so you know if you want to hold I'm actually holding riot and matter in my kids account I don't have it in my personal account but I have it in my kids account So and those I bought those were doing they were really really really cheap coming to straight out of the gate So those I'm still holding long term, but again for this this will be a good candidate for a string trade In potentially a day trade based on news, but string trade is definitely Want to watch so so again kind of a quick of a view here is that Canon is actually Moving into mining Bitcoin so not only they're gonna be manufacturing the rigs and selling them for mining Bitcoin They want to send up to set up their own mining facility, which I think is brilliant So hopefully this is something that would bring this company More revenue as they try to expand outside of China away from You know the Chinese government cracking down on The industry so that's what I wanted to cover in this video if you're new to the channel guys We took about how to earn money how to save money how to invest and build wealth There's something that interests you go ahead and hit that subscribe button and the notification bell to you Don't miss out on new content also guys if you're looking to get started with investing We both has their promotion where if you sign up and deposit a hundred dollars You get some free stocks links in the description in as always guys. Do you do diligence? Don't be a greedy savage stay motivated?