#CryptoCorner Episode 415: HIVE (TSXV: $HIVE.V) Completes Iceland Data Centre Updates, Galaxy Digital (TSXV: $GLXY.V) Forms Strategic Partnership with CAIS
#CryptoCorner
Episode 415: HIVE (TSXV: $HIVE.V) Completes Iceland Data Centre Updates, Galaxy
Digital (TSXV: $GLXY.V) Forms Strategic Partnership with CAIS
Point Roberts, WA, Delta BC June 19, 2020 -
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Stocks discussed: (TSXV:HIVE) (TSXV:GLXY)
HIVE Blockchain
Technologies Ltd. (TSXV:HIVE) has successfully completed updates and
improvements at its green energy-powered data centre in Iceland,” resulting in
a roughly 50 percent reduction in monthly facilities and operations costs and
bringing the company’s Ethereum mining operations in Iceland to positive gross
mining margins. Frank Holmes, Interim Executive Chairman of HIVE, said:
"As one of the largest industrial scale miners of
Ethereum globally, HIVE was fortunate to receive its required share of an
unexpected payout. We intend to re-invest these proceeds back into the Ethereum
network by fast tracking our capital improvements in Iceland.”
Galaxy Digital
Capital, the asset management affiliate of Galaxy Digital Holdings Ltd. (TSXV:GLXY), and leading
alternative investment platform CAIS, have announced a strategic
partnership to provide financial advisors with access to the former's
investment products, along with educational resources “spanning blockchain and
digital assets.” Matt Brown, CEO of
CAIS, commented:
"Galaxy Digital is a best-in-class provider for
blockchain and digital asset investment solutions. They're the market-leader in
the institutionalization of this space, and that's why we're proud to have them
as our digital assets platform partner. Because advisors are more focused than
ever on learning more about digital assets, partnering with Galaxy aligns
perfectly with our goal to bring improved transparency and deeper understanding
to all alternative investment strategies."
The Bank of
Thailand (BOT) has officially announced the development of a prototype for
its planned central bank digital currency (CBDC). According to the
announcement, this prototype “will be integrated with the procurement and
financial management systems of the Siam Cement Public Company Limited and its
suppliers developed by Digital Ventures Company Limited.” This pilot is set to
start in July 2020 and finish by the end of the year, during which time it will
“serve as a financial innovation that enables higher payment efficiency for
businesses such as increasing flexibility for fund transfers, or delivering
faster and more agile payments between suppliers.”
Sam
Mowers, Investorideas
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