Point Roberts, WA and Delta, BC – June 10, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.
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Crypto Corner Podcast 608: Stocks discussed: (TSXV: BITF) (TSX: HUT) (NasdaqGS: BTBT) (TSXV: DGHI) (TSXV: BNXA)
Stocks discussed: (TSXV:BITF) (TSX:HUT) (NasdaqGS:BTBT) (TSXV:DGHI) (TSXV:BNXA)
Bitfarms Ltd. (TSXV:BITF) has provided a Bitcoin (BTC) production update, indicating, for instance, that it has mined over 11,300 Bitcoin with 100 percent renewable hydropower in North America since its 2017 founding. CEO Emiliano Grodski said:
“Since our inception, we have worked at building an institutional grade and vertically-integrated mining company with high levels of Bitcoin production at minimal costs. This year Bitfarms is experiencing its fastest rate of growth ever, while benefiting from declining network hashrates due to developments in China. Due to the addition of new and more efficient miners to our fleet, we expect to more than double our installed hashrate from now until the end of the year.”
Hut 8 Mining Corp. (TSX:HUT) has announced that its common shares have been approved for listing on the Nasdaq Global Select Market under the ticker symbol “HUT”. The company will meanwhile retain its listing on the Toronto Stock Exchange.
Bit Digital, Inc. (NasdaqGS:BTBT) has entered into a strategic co-mining agreement with Digihost Technology Inc. (TSXV:DGHI) that will see the latter provide certain premises to Bit Digital “for the purpose of the operation and storage of a 20 MW Bitcoin mining system.” According to the press release, this collaboration “is expected to generate an increase in hashrate of approximately 400 PH between the companies.” Digihost’s CEO, Michel Amar, said:
“We are extremely pleased by this strategic collaboration with Bit Digital which, based on current Bitcoin metrics, is expected to deliver significant results through the increase in hashrate of 400 PH between the two companies. Our business strategy continues to be growth through the expansion of our mining infrastructure, vertical integration of low-cost and green sources of energy, strategic partnerships with leading companies in the blockchain sector, and geographic diversification in North America to strategically operate our business in regions where minimal or no carbon footprint is generated.”
Banxa Holdings Inc. (TSXV:BNXA) has reported its transaction results for May 2021. The month saw the company post a record $127 million in transaction value, including a record day of $9 million. Banxa boasts over $25 million in cash and cash equivalents on its balance sheet, and a transaction value of $600 million for the 11 months ended May 31.
Sam Mowers, Investorideas
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