#CryptoCorner: Riot #Blockchain (NASDAQ: $RIOT) Purchases 1,000 Next Gen Miners, tZERO (NasdaqGS: $OSTK) Aims to Combine #Crypto, Security #Token and Stock on Single App
#CryptoCorner: Riot #Blockchain (NASDAQ: $RIOT) Purchases
1,000 Next Gen Miners, tZERO (NasdaqGS: $OSTK) Aims to Combine #Crypto,
Security #Token and Stock on Single App
Point Roberts, WA, Delta BC May 1, 2020
- 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 the cryptocurrency market .
Listen
to today’s Crypto Corner Podcast:
Stocks discussed: (NasdaqGS:RIOT) (NasdaqGS:OSTK)
(LSE:ARB)
Bitcoin’s (BTC) rally, which
began in the middle of this week, has cooled somewhat, having peaked at a
trading price of about $9,400 but now trading for $8,860, according to data
from CoinMarketCap. With the
exception of this recent peak, Bitcoin is still trading at its highest since
early March and could resume its rally as the much-hyped halving approaches in
the coming weeks.
Riot Blockchain,
Inc. (NasdaqGS:RIOT) has purchased 1,000 next
generation Bitmain S19 Pro Antminers for USD $2.4 million from BitmainTech PTE.
LTD. According to the press release, these new miners “are markedly more energy
efficient than prior Bitmain models and other ASIC miners currently available,”
which leads the company to expect “its aggregate operating hash rate will
increase by 46% to approximately 358 petahash per second.” Bitmain's North
American Team stated:
"Bitmain has been working with Riot Blockchain for
several years, the company has been using our Antminer products for operating
their data centers, and soon to be utilizing the latest technologies we have in
our product line-up, the S19 series. We are confident with the continued
cooperation and growth they have as they further expand their operations in the
mining sector."
CoinDesk reports that
tZERO, the security token trading subsidiary of Overstock (NasdaqGS:OSTK), aims to give users access to
cryptocurrency, security token and traditional stock trading on a single
platform. Specifically, the company intends to combine its currently separate
Crypto app with its Alternative Trading System (ATS) app. tZERO CEO Saum
Noursalehi told CoinDesk:
“Once we receive regulatory approval, our app will
trade cryptocurrencies, security tokens, and traditional stocks. The value of
the crypto app users will grow as we add the capability to trade securities on
it."
Bitcoin miner Argo
Blockchain (LSE:ARB) has reported a
1000 percent increase in revenue for 2019, bringing it to £8.62 million ($10.78
million USD) according to a report from Bitcoin.com. With its more
than 17,000 operational miners in Quebec, Argo mined 1,330 Bitcoin owing to a
306 percent increase in its mining capacity. Peter Wall, the company’s CEO,
said:
“Having completed a major expansion of our mining
infrastructure Argo is on track to deliver strong growth in the first half
compared with the corresponding period last year. We entered 2020 with
considerable business momentum and an efficient mining platform which puts us
in a favourable competitive position to navigate the evolving and dynamic
cryptocurrency ecosystem.”
Sam
Mowers, Investorideas
For investors following the sector Investor Ideas has a
comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
About
Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com
is a recognized news source publishing third party news, research and original
financial content. Learn about investing in stocks and sector trends with our
news alerts, articles, podcasts and videos,
looking at cannabis, crypto, AI and IoT, mining, sports biotech, water,
renewable energy and more. Investor Idea’s original branded content includes
the following podcasts and columns : Crypto Corner , Play
by Play
sports and stock news column, Investor Ideas Potcasts Cannabis News and
Stocks on the Move podcast and column, Cleantech
and Climate Change
, Exploring
Mining the AI
Eye .
The
Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com,
iHeartRadio and Google Play Music.
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
Global
investors must adhere to regulations of each country. Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency Disclaimer
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
Contact
Investorideas.com
800
665 0411
Great tips to invest in cryptocurrency. Blockchain is one of the hottest and fastest growing technology in the IT sector.
ReplyDeleteReach Way2Smile (Top Digital Transformation Company in Dubai) if have any questions or suggestions regarding Blockchain