Point Roberts, WA and Delta, BC – September 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.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 671: Stocks discussed: (NasdaqCM: HVBT) (OTCQB: MIGID) (NasdaqGM: CAN) (LSE: ARB) (OTC: ARBKF) (TSX: GLXY)
Stocks discussed: (NasdaqCM:HVBT) (OTCQB:MIGID) (NasdaqGM:CAN) (LSE:ARB) (OTC:ARBKF) (TSX:GLXY)
HIVE Blockchain Technologies Ltd. (NasdaqCM:HVBT) has ordered 3,000 MicroBT WhatsMiners, comprising a total hashrate of 294 Petahash per second (PH/s), at an average efficiency of about 34 Watts per Terahash (W/TH), and is now HODLing more than 1,000 Bitcoins (BTC) in its cold wallets. Frank Holmes, the company’s Executive Chairman, said:
“The continuing work and success that our team has been able to achieve with our strategic partners during these challenging times due to the global shortages in chips and logistics delays in shipping equipment from Asia due to Covid 19 has been remarkable. As a result, we are able to increase our 2022 run-rate revenue by almost 25% with this acquisition, while positioning HIVE to realize a good ROI on capital invested, by making ASIC acquisitions at very attractive $/TH prices, all in pace with the development of our green and clean operating infrastructure. We are not saddled with needing to buy carbon offsets which helps our margins because we are focused on mining buy sourcing geothermal and hydroelectric energy.”
Mawson Infrastructure Group, Inc. (OTCQB:MIGID) has purchased 17,352 Application-Specific Integrated Circuits, or ASICs, from long-time partner Canaan Inc. (NasdaqGM:CAN). This purchase boasts a combined hashing power of over 1500 Peta Hashes per second (PH/s), or 1.16 percent “of the total hashing power of the global network today.” According to the press release, “this is enough power to mine almost 11 BTC a day, or $15,600,000 a month.” Mawson’s CEO James Manning commented:
“Coupled with our extensive power infrastructure across the USA and Australia, we look forward to having these units online in late 2021, early 2022. We have purchased 3000 PH/s and will have this online by Q2 2022, and reiterate our target of 5000 PH/s online by early 2023.”
A press release from the London Stock Exchange today indicates that Argo Blockchain (LSE:ARB) (OTC:ARBKF) has entered into a GBP18.05 million ($25 million USD) loan agreement with a maturity date of 29 October 2021 with Galaxy Digital Holdings Ltd. (TSX:GLXY). This is to be “rolled into” Argo’s already outstanding loan with Galaxy of GBP14 million ($20 million USD) for a total outstanding principal amount of GBP32.05 million ($45 million USD). The loan, according to the press release, will be used:
…to continue the build out of the Company’s West Texas data centre and to meet the Company’s operating cash flow requirements. The loan will enable Argo to retain its current Bitcoin holding, whilst further expanding its mining operations. Argo is delighted to continue working with Galaxy as its financing partner.
Sam Mowers, Investorideas
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.
About Investorideas.com – News that Inspires Big Investing Ideas
Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns: Crypto Corner, Play by Play sports and stock news, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast, Cleantech and Climate Change, Exploring Mining, Betting on Gaming Stocks Podcast and the AI Eye Podcast.
The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts and most audio platforms available.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android