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Thursday, February 25, 2021

#CryptoCorner #Podcast 536: #Stocks discussed (TSXV: $HIVE.V) (NasdaqGS: $EBON) (TSXV: $BNXA.V) (CSE: $DIGI.C)

 



 

#CryptoCorner #Podcast 536: #Stocks discussed (TSXV: $HIVE.V) (NasdaqGS: $EBON) (TSXV: $BNXA.V) (CSE: $DIGI.C)

 

HIVE to Acquire GPU Atalantic, Ebang to Launch LTC and DOGE Mining Business, Banxa Reports Q2 Financials, and DigiCrypts Launches CryptoDivine.ai

 

Point Roberts, WA, Delta BC February 25, 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.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/022521-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/02251HIVE-EBON-BNXA-DIGI.asp

 

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Stocks discussed: (TSXV:HIVE) (NasdaqGS:EBON) (TSXV:BNXA) (CSE:DIGI)

 

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has signed a Share Purchase Agreement with GPU.One Holding Inc. to expand HIVE's Canadian footprint through the purchase of 100 percent of the shares of GPU Atlantic Inc., a $25 million CAD acquisition that will give HIVE ownership of a 50 megawatt substation and a data centre campus in Grand Falls, New Brunswick, with a dedicated crypto mining operation with access to 50 MW of low-cost green power. Frank Holmes, Executive Chairman of HIVE, said:

 

“This Acquisition further enables HIVE to continue in its objective of having control of its destiny, including significant capacity for expansion and flexibility for our future operations. We now have a 50 MW data center campus to build up and a home for our new generation Bitcoin miners. We are also very excited about integrating new members of the GPU One team into our ranks and deploying their in-house mining management software into our operations on a global scale.”

 

Ebang International Holdings Inc. (NasdaqGS:EBON) has passed a resolution to launch a Litecoin (LTC) and Dogecoin (DOGE) mining business, which according to the press release, will operate “by adopting a combination of deploying self-manufactured mining machines and mining machines purchased from other manufacturers as well as leasing computing powers from other mining farms and allow LTC and Doge to be mined simultaneously.” Ebang’s Chairman and CEO, Dong Hu, said:

 

“We will develop LTC and Doge mining on the basis of our Bitcoin mining business. The development of the Business will further promote our related cryptocurrency-focused businesses and increase our revenue. We believe this move will accelerate the Company's transformation from solely a hardware manufacturer to a diversified and vertically integrated blockchain company with comprehensive involvements in the blockchain industry value chain.”

 

Banxa Holdings Inc. (TSXV:BNXA) has reported its Q2 financial results for 2020, indicating a three-month revenue increase of 228 percent from the same period in 2019. Specifically, the company boasted $4.5 million AUD in revenue for the three months ended December 31, 2020, as compared to $1.4 million AUD for the same period in 2019. Banxa’s CEO Holger Arians said:

 

"Our capable team continues to work tirelessly in order to drive the business forward. I am excited with the results to date with the realization that the industry is still in its infancy. I see opportunity for organic growth as we continue on our mandate of onboarding the masses to digital currencies."

 

DigiCrypts Blockchain Solutions Inc. (CSE:DIGI) has launched CryptoDivine.ai, a Crypto Price-Trend Indicator App, for public use. The app boasts eight proprietary technical trading indicators, as well as a DigiMax proprietary Crypto Price-Trend Indicator for each cryptocurrency the company analyzes, the latter of which is “continuously updated and trained on the company’s machine learning "Ticker Regime" platform.”

 

Sam Mowers, Investorideas

 

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