Capital Markets - Chicago, Illinois, United States
Canal Street Capital invests in mining cryptocurrencies. Similarly to gold, Bitcoins and other cryptocurrencies derive their value partly from scarcity. Gold is rare and takes effort to find, and so do cryptocurrencies.The computers CSC owns perform calculations which are very difficult and are look for rare answers which result in a payment of coins. The coins have a large variety of uses, from acting as stores of value, privacy, banking/finance functions, and much more.The company can than either sells the coins back into dollars, or holds them as a liquid investment.