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Bitcoin, Blockchain and Cannabis New Focus for Provider of Energy Efficiency Technology

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Following the successful installation of this company's energy saving technology in a data center, the company is focusing on the energy-intensive industries of cryptocurrency, blockchain and cannabis cultivation.

Bitcoin and blockchain require surprisingly large amounts of energy. The decentralized system uses massive amounts of computational power, which needs lots and lots of computers and servers, as well as air conditioning to keep the servers cool. By one estimate, bitcoin uses the same amount of power as the country of Denmark.

Smartcool Systems Inc. (SSC:TSX.V) announced on Wednesday that it is stepping into the sector. Smartcool's technology increases the energy efficiency of compressors in air conditioners, heat pumps, and refrigeration, and has been installed in a wide variety of establishments, including fast food restaurants, warehouses, and even a UK Premier League Football Club.

Now Smartcool has completed an installation at SSE's Data Center in Hampshire in the UK and has indicated that it is going to focus on cryptocurrencies, blockchain applications and cannabis growers.

"Smartcool is at the right time and right place." – TechTalkReporter

Ted Konyi, Smartcool's CEO, stated, "The use of BlockChain requires a tremendous amount of computational power driving electrical consumption. Smartcool can significantly affect the energy consumption for keeping the computers cool. As such, it can benefit the consumers financially and improve their environmental footprint."

The company is also targeting cannabis growers. Smartcool notes that "the cannabis industry is one of the nation's most energy intensive, often demanding 24-hour indoor lighting rigs, heating, ventilation and air-conditioning systems at multiplying grow sites. HVAC averages between 30% and 50% of total energy costs dependent on seasonal temperatures."

"Smartcool can provide a significant impact [on the cannabis industry]. Cooling represents a very large portion of overall costs given the heat that grow lights generate. Smartcool's technology has proven to reduce A/C costs and could reduce growers' energy costs and carbon footprint," CEO Konyi stated.

Smartcool has caught the attention of industry observers. notes that with Smartcool's focus "now on energy savings and reducing one's carbon footprint, worldwide, Smartcool is at the right time and right place." It opines that Smartcool "has dynamic growth potential with revenues increasing every quarter." noted that Smartcool's shares "recently hit a 52-week high of $0.10 before pulling back, forming a solid base. Technically we expect these shares to double, once again testing and breaking through its 52-week high." It has a goal of $0.15 on the shares.

"The outlook for this stock is very bright indeed and it is expected to proceed to make big gains." – Clive Maund

Technical analyst Clive Maund commented on Feb. 1 that Smartcool has "developed proven technologies that help users make big savings on their energy bills associated with air conditioning, heat pumps and refrigeration units etc. The big news now is that, after successful trials of its products at a test site, it is going to be concentrating on Blockchain applications, cryptocurrencies and cannabis growers, areas where a big proportion of the business costs incurred are associated with energy usage, so the demand for the company's products in these fields in order to make savings is likely to be huge."

Maund concluded that "the outlook for this stock is very bright indeed and it is expected to proceed to make big gains, regardless of what the market as a whole does, so holders should stay long, and it is rated a strong buy here at the current favorable price, and considered worth going overweight on."

Ron Struthers wrote on Feb. 1 in Struthers' Resource Stock Report that after Smartcool made its announcement, "the stock pops on highest volume ever, over 12M shares yesterday with a mention of marijuana and cryptocurrency. This might launch the stock into a new trading range, but is still cheap and a good buy here."

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1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own shares of the following companies mentioned in this article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Smartcool Systems.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Smartcool Systems Inc., a company mentioned in this article.

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A complete disclaimer can be viewed here. Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stockmarket analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Mr. Maund does not own shares of Smartcool.

Struthers' Resource Stock Report Disclaimer:
All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.

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