#CryptoCorner #Podcast 534- #Stocks discussed: (TSXV: $HIVE.V) (TSXV: $BITF.V) (CSE: $BIGG.C) (OTCQX: $BBKCF) (NYSE: $CS)
#CryptoCorner #Podcast 534- #Stocks discussed: (TSXV: $HIVE.V)
(TSXV: $BITF.V) (CSE: $BIGG.C) (OTCQX:
$BBKCF) (NYSE: $CS)
#Bitcoin Dips
Again, HIVE Purchases 6,000 Miners, Bitfarms Breaks 1EH/s Hash Rate, BIGG
Trading on OTCQX, and Northern Data Eyeing US Listing
Point Roberts, WA, Delta BC February 23, 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.
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https://www.investorideas.com/Audio/Podcasts/2021/022321-CryptoMarket.mp3
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Stocks discussed: (TSXV:HIVE) (TSXV:BITF) (CSE:BIGG)
(OTCQX:BBKCF) (NB2.F) (NYSE:CS)
Though Bitcoin (BTC) appeared to be
recovering from its dip at the time of yesterday’s Crypto Corner, having returned to above $53K from a low of less
than $49K, it ended up seeing another, more significant decline as the day
progressed. According to data from CoinMarketCap, Bitcoin is
trading for about $49,000, having gotten as low as $45,290 earlier this morning.
Similar to yesterday morning’s dip, this one is being widely attributed to
whale sell-offs.
HIVE Blockchain
Technologies Ltd. (TSXV:HIVE) has purchased 6,000 next
generation miners with an aggregate operating hash power of 444 PH/s, an
expansion which will increase its aggregate operating hash rate from Bitcoin
mining to an estimated 1,673 PH/s by the end of 2021. According to the press
release, the “new equipment is expected to be received and in operation in the
next 6 months, delivered in 2 tranches, with 3,000 miners in each of July, and
August 2021.”
Bitfarms Ltd. (TSXV:BITF) has achieved an operating hash
rate of 1.18 EH/s with the successful installation of 1,560 new miners. The
company’s CEO, Emiliano Grodzki, said:
“As one of the founders of Bitfarms, I have been
excited for the day that I could celebrate that our Company surpassed this
important milestone. However, having achieved 1 EH/s, it has only increased my
desire and excitement to grow Bitfarms to 3.0 EH/s by the end of 2021, and
achieve sustained growth in 2022.”
Bitfarms also
announced the full repayment and retirement of its remaining term loan indebtedness.
BIGG Digital Assets
Inc. (CSE:BIGG) has begun trading today on
OTCQX under the symbol "BBKCF”. The company’s
CEO, Mark Binns, commented:
"We are very pleased to reach the milestone of
trading on OTCQX, and look forward to the increased exposure that the OTCQX
will bring to potential investors in BIGG including US investment funds and
family offices."
BIGG also reported that its online
cryptocurrency brokerage, Netcoins, exceeded $100,000 CAD in daily revenue on
February 22, 2021. The president of Netcoins, Mitchell Demeter, said:
“We are excited to see Netcoins cross the daily $100k
revenue mark for the first time. We have seen a steady increase in daily volume
and revenue all year, but this is a great watermark to hit. Our daily verified
customer onboarding has quadrupled since December, and our customers are
trading in higher volumes. Our product continues to evolve and our customer
feedback has been overwhelmingly positive around product ease of use. We look
forward to providing more updates to shareholders in the near future.”
Bloomberg reports that
German mining firm Northern Data AG (NB2.F), along with
Credit Suisse AG (NYSE:CS), is working “on
plans for a U.S. listing that could raise as much as $500 million, according to
people familiar with the matter.”
Sam Mowers, Investorideas
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