#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.
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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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