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Friday, January 15, 2021

#CryptoCorner Episode 509: #Stocks discussed: (TSX: $GLXY.TO) (OTCQB: $INTV)

#CryptoCorner Episode 509: #Stocks discussed: (TSX: $GLXY.TO) (OTCQB: $INTV)

 

#Bitcoin Loses Steam Despite Biden’s $1.9 Trillion Stimulus Announcement, Galaxy Digital Launching Digital Mining Unit, and Coinbase Invests in Titan

 


Point Roberts, WA, Delta BC January 15, 2021 -  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.  Today’s podcast was sponsored by Integrated Ventures (OTCQB: INTV) , a company focused on acquiring, launching and operating assets in the cryptocurrency sector.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/011521-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/01152GLXY-INTV.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (TSX:GLXY)

 

Despite coming close to breaking $40,000 again yesterday, Bitcoin (BTC) appears to have lost some momentum this morning, having fallen to a trading price of roughly $36,500 at press time, according to data from CoinMarketCap. While this is not yet in the neighbourhood of its recent low of around $31,000 (Monday, January 11), it might come as a surprise given yesterday’s announcement of a $1.9 trillion package from the forthcoming Biden administration. Massive government spending is frequently cited as a boon to the crypto market, particularly given its growing status as an alternative store of value to fiat currencies like the US dollar, which become inflated with such expansive spending. A report from CoinDesk on the subject quotes Matthew Dibb, COO, and co-founder of Stack Funds:

 

“Biden’s stimulus plan has given some strength to the U.S. dollar. However, it remains firmly bearish for the medium term. Any further depreciation of the greenback will lead to a bitcoin rally.”

 

Galaxy Digital Holdings Ltd. (TSX:GLXY) has announced the launch of Galaxy Digital Mining, described as “a new business unit committed to providing bitcoin miners with a comprehensive suite of financial services and products.” According to the press release, Galaxy Digital Mining, has in turn “established its own proprietary bitcoin mining operation, hosting its machines at a third-party datacenter in the U.S.” Galaxy’s Co-President, Chris Ferraro, said:

 

"Through consistent and dedicated coverage of this sector over the past two years, we have had the opportunity to review every major proposed project, and our brand and market position uniquely enable us to connect operators and equipment providers with capital. Going forward, we see major opportunities in mining project financing, equipment financing, digital asset-backed financing, as well as working capital optimization and hedging solutions for mine operators and investors utilizing Galaxy Digital Trading's industry-leading capabilities.”

 

Crypto software and services developer Titan has announced that it has received a strategic investment from Coinbase Ventures, the investment arm of crypto exchange giant Coinbase,  as part of its current seed fundraising round. This comes after an announcement last month, indicating Titan’s launching of the “the first enterprise-grade Bitcoin mining pool in North America,” Titan Pool, with investment from crypto mining leaders CoinMint and Core Scientific. Regarding today’s news, Titan co-founder and CEO Ryan Condron, said:

 

“The investment from Coinbase Ventures serves as a powerful endorsement of the Titan team, roadmap and vision. Mining has advanced from hobby, to industry, to critical global computing infrastructure, and Titan is prepared to help world-class miners meet these challenges.”

 

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.

Crypto Corner Podcast sponsor

Integrated Ventures (OTCQB: INTV) is focused on acquiring, launching and operating assets in the cryptocurrency sector. 

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 Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

 

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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 Disclosure : INTV is a featured monthly crypto stock on Investorideas.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.

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#Bitcoin #Stocks in the Headlines; (OTC: $ISWH) (NASDAQ: $MARA) (NASDAQ: $RIOT) (OTCQX: $HVBTF); @iswholdings @MarathonPatent @RiotBlockchain @HiveBlockchain

 

#Bitcoin #Stocks in the Headlines; (OTC: $ISWH) (NASDAQ: $MARA) (NASDAQ: $RIOT) (OTCQX: $HVBTF); @iswholdings @MarathonPatent @RiotBlockchain @HiveBlockchain

 

Point Roberts WA, Delta BC – January 15, 2020  Investorideas.com, a global investor news source covering blockchain and cryptocurrency issues a special news report looking at recent news and developments in the bitcoin/cryptocurrency sector. 

 

Miners have been ramping up capacity in expectation of higher Bitcoin prices and as it reached a recent high on January 8th of just under $42,000, it looks like the bet will pay off in 2021. Other companies in the sector are capitalizing on the historic rise by investing directly in Bitcoin.

 

Read this news, featuring ISWH in full at https://www.investorideas.com/news/2021/crypto-corner/01151Bitcoin.asp

 

ISW Holdings, Inc. (OTC: ISWH) is leveraging its bet both ways. The Company just announced  that it is in the process of converting $20,000 of the Company's cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.

 

From the news: Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.

 

Continued: "We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems," commented Alonzo Pierce, President and Chairman of ISW Holdings. "We are also on schedule to launch mining operations through our S19 Pod5 solution at the Bit5ive renewable energy project by the end of January."

 

Continued: The Company formed a joint venture partnership with Bit5ive, LLC, ("Bit5ive") in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso S19 Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso S19 Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.

 

Continued: The Company's first mining pod is set to launch operationally before the end of January.

 

Riot Blockchain, Inc. (NASDAQ: RIOT) in late December announced  an expected 65% increase in bitcoin mining hash rate capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers from Bitmain Technologies Limited (“Bitmain”). The approximate $35 million purchase is comprised of 3,000 S19 Pro Antminers (110 TH) and 12,000 S19j Pro Antminers (100 TH). These additional miners are scheduled for receipt and deployment starting in May 2021 and continuing through October 2021.

 

From the news: This new order of miners, combined with the Company’s prior miner purchases, is expected to significantly increase Riot’s estimated bitcoin mining hash rate from the previously announced 2.3 EH/s to 3.8 EH/s. The Company has been receiving and deploying new miners consistently through 2020, including this new purchase; the delivery schedule continues into the fourth quarter of 2021.

 

Continued: At full deployment of Riot’s 37,640 next-generation fleet of miners, Riot estimates its total operational hash rate capacity will be 3.8 EH/s and consume approximately 120 MW of energy. As a result, the Company expects to have an aggregate mining efficiency of 31.79±% 5 joules per terahash (J/TH). 

 

Continued: “Continued growth in deployed miners is paramount to a miner’s success,” said Jeff McGonegal, CEO of Riot. “Expanding the Company’s bitcoin mining hash rate and operating on a cost-effective basis is very important, particularly during periods when the bitcoin spot price has appreciably increased. We are pleased to have secured this latest purchase, especially given that the available supply of mining hardware continues to become increasingly scarce.”

 

Continued: "We are extremely excited to expand and deepen our partnership with Riot Blockchain again this year.  In total, Riot additionally purchased 15,000 Antminer 19 series. The 19 series enjoy a wide popularity in the global markets with outstanding hash rates and power efficiency, which continuously bring tremendous values to our customers around the world. I am confident that with the new purchase, Riot can continue to grow their mining operation and play an increasingly vital role in bitcoin mining across North America.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

 

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE)(OTCQX:HVBTF)(FSE:HBF) recently announced the purchase of 4,180 MicroBT WhatsMiner M31S+ next generation miners with an aggregate operating hash power of 334 Petahash per second (PH/s) as it continues to expand its bitcoin mining operations.

 

From the news: With the addition of these 4,180 MicroBT WhatsMiner M31S+ Miners, HIVE's aggregate operating hash rate from Bitcoin mining to almost double to an estimated 653 PH/s.

 

Continued: Based on the orders that have been placed, this new equipment is expected to be delivered in 9 tranches in 2021, with 180 miners delivered in April and 500 miners delivered in each month in the remainder of calendar 2021 commencing with May delivery.

 

Continued: These secured orders are the continuing steps that HIVE is taking towards the vision to achieve an aggregate operating hash power of 1,000 PH/s by the end of calendar 2021, all funded out of operational cash flows. With these secured purchases the Company has taken a huge step towards its goal.

 

Marathon Patent Group, Inc. (NASDAQ:MARA), one of the largest enterprise Bitcoin self-mining companies in North America looking at significant expansion announced that it has entered into securities purchase agreements with several institutional investors for the purchase and sale in a registered direct offering of 12,500,000 shares of its common stock at an offering price of $20.0 per share.

 

The gross proceeds of this offering are expected to be $250 million, before deducting placement agent fees and other offering expenses payable by Marathon. The Company intends to use the net proceeds of this offering for general corporate purposes and to fund ongoing operations and expansion of its business.

 

On December 9th the company announced it entered into a contract with Bitmain to purchase 10,000 Antminer S-19j Pro ASIC Miners.

 

From the news: Under the terms of the agreement, Marathon will receive an initial batch of 6,000 S-19j Pro Miners in August 2021. The remaining 4,000 miners will be delivered in September 2021.

 

Continued: Once all of Marathon’s purchased miners are delivered and fully deployed, the Company’s mining portfolio will consist of 33,560 state of the art ASIC miners, generating 3.56 EH/s. As a result, the Company will be consuming approximately 100 MWs of power, the maximum amount available at the Company’s data center in Hardin, MT.

 

With the recent pullback of Bitcoin after reaching its all-time high, some investors have been scared out of market due to the volatility and the industry is calling for regulation. One firm, JPMorgan, is still very bullish for the future of the digital currency long term.

 

BNN Bloomberg quotes JP Morgan: “A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term,” the strategists wrote Monday. However, “a convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. This implies that the above-US$146,000 theoretical Bitcoin price target should be considered as a long-term target.”

 

For the miners- the game is on for 2021 as they get funded and expand capacity.

 

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 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 Crypto Corner is part of the Investor Ideas Membership content

 

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: https://www.investorideas.com/Audio/

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 Disclosure:  This article featuring ISWH is a paid for article on Investorideas.com (two thousand) 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.

 

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Thursday, January 14, 2021

Investorideas.com - Cryptocurrency Stock News: Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) Announces Closing of CAD$77.5 Million Offering with Institutional Investors

Investorideas.com - Cryptocurrency Stock News: Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) Announces Closing of CAD$77.5 Million Offering with Institutional Investors

Investorideas.com - Year of Bitcoin 2021: Proportion of Germans Favouring an Investment in Cryptocurrencies Increases by 150%

Investorideas.com - Year of Bitcoin 2021: Proportion of Germans Favouring an Investment in Cryptocurrencies Increases by 150%

#CryptoCorner #Podcast 508: #Stocks discussed: (OTCQ: $INTV) (OTC: $GBTC) (TSX: $BTCG-U.TO) (TSX: $GLXY.TO) (TSXV: $BNXA.V)

 



 

 

#CryptoCorner #Podcast 508: #Stocks discussed: (OTCQ: $INTV) (OTC: $GBTC) (TSX: $BTCG-U.TO) (TSX: $GLXY.TO) (TSXV: $BNXA.V)

 

#Bitcoin Back in the Green, Grayscale Begins Dissolution of XRP Trust and Reports Q4 Results, CI Global Asset Manager Reopening CI Galaxy Bitcoin Fund, and Banxa Reports Record Orders

 

Point Roberts, WA, Delta BC January 14, 2021 -  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.  Today’s podcast was sponsored by Integrated Ventures (OTCQB: INTV) , a company focused on acquiring, launching and operating assets in the cryptocurrency sector.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/011421-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/01142INTV-GBTC-BTCG-GLXY-BNXA.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (OTC:GBTC) (TSX:BTCG-U) (TSX:GLXY) (TSXV:BNXA)

 

Bitcoin (BTC) is very much in the green again, having risen over $5,000 in the last day to reclaim a trading price of about $39,630 at press time, according to data from CoinMarketCap. This is very close to its all-time high of nearly $42,000, which it reached on January 8.

 

Many altcoins have followed Bitcoin into the green over the past 24 hours, but the beleaguered XRP is currently registering a loss of 1.5 percent. Just today, Grayscale Investments announced that it has commenced dissolution of Grayscale XRP Trust in response to the SEC’s action against Ripple. According to the press release, Grayscale Investments “has liquidated the Trust’s XRP and intends to distribute the net cash proceeds to Trust shareholders, after deducting expenses and providing appropriate reserves and subject to any applicable withholding.”

 

Grayscale Investments also released its Digital Asset Report for Q4 2020, analyzing the investment activity across all of its products. According to the press release, Grayscale “raised more than $5.7 billion across its family of investment products, more than four times the $1.2 billion cumulative inflows the firm received from its inception in 2013 through the end of 2019.” Grayscale Bitcoin Trust (OTC:GBTC) led with inflows of $2.8 billion in the period discussed.

 

Canadian investment manager CI Global Asset Management has filed and obtained a receipt for a preliminary prospectus to reopen CI Galaxy Bitcoin Fund (TSX:BTCG-U). The Fund is described as “a closed-end investment fund that seeks to provide unitholders with exposure to bitcoin through an institutional-quality fund platform.” According to the press release, Galaxy Digital Holdings Ltd. (TSX:GLXY) “acts as the bitcoin sub-advisor for the Fund,” and “executes all bitcoin trading on behalf of the Fund.”

 

Digital assets payments service provider Banxa Holdings Inc. (TSXV:BNXA) reports that it processed a record $2.27 million USD worth of orders for a 24-hour period in January 2021, up significantly from a year ago, when it processed $4 million for the entire month of January 2020. Holger Arians, CEO of Banxa, commented:

 

"Since 2014 we've been working hard to provide a seamless, simple, low-cost payments platform for cryptocurrency exchanges and it is exciting to see how our global customers have responded. We continue to expand our footprint by engaging new clients such as Swyftx. The overall rise of digital currencies in the market have only increased the appetite for our "Plug-and-Play" Fiat Onramp which allows seamless access to digital currencies via multiple payment methods and Banxa is ready to meet those needs."

 

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.

Crypto Corner Podcast sponsor

Integrated Ventures (OTCQB: INTV) is focused on acquiring, launching and operating assets in the cryptocurrency sector. 

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 Crypto Corner is part of the Investor Ideas Membership content

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: https://www.investorideas.com/Audio/

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 Disclosure : INTV is a featured monthly crypto stock on Investorideas.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

 

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Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 

#CryptoCorner Episode 509: #Stocks discussed: (TSX: $GLXY.TO) (OTCQB: $INTV)

#CryptoCorner Episode 509: #Stocks discussed: (TSX: $GLXY.TO) (OTCQB: $INTV)   #Bitcoin Loses Steam Despite Biden’s $1.9 Trillion Stimul...