#CryptoCorner Episode 556: #Stocks discussed: (OTC: $RDNAF) (TSXV: $HIVE.V) (TSX: $HUT.TO) (TSXV: $BITF.V)




#CryptoCorner Episode 556: #Stocks discussed: (OTC: $RDNAF) (TSXV: $HIVE.V) (TSX: $HUT.TO) (TSXV: $BITF.V)


Point Roberts, WA, Delta BC March 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:  



Read this in full at https://www.investorideas.com/news/2021/crypto-corner/03251RDNAF-HIVE-HUT-BITF.asp


Get the Crypto Corner Podcast on iTunes


Get the Crypto corner on Spotify


Stocks discussed: (OTC:RDNAF) (TSXV:HIVE) (TSX:HUT) (TSXV:BITF)


DeFi Technologies Inc. (OTC:RDNAF) has entered into a letter of intent with HIVE Blockchain Technologies Ltd. (TSXV:HIVE) for a share swap arrangement, wherein HIVE will receive 10 million DeFi Technologies common shares – 6.5 percent of the existing outstanding common shares of the company – in exchange for 4 million HIVE common shares, – 1.1 percent of Hive’s issued and outstanding common shares. The two firms also plan to create a partnership surrounding the decentralized finance (DeFi) ecosystem with specific applications around Ethereum (ETH) and Miner Extractable Value (MEV), giving DeFi “a strategic stake in HIVE and a broader partnership surrounding the DeFi ecosystem with a specific focus on the Ethereum based MEV space and developments surrounding it.” Frank Holmes, Chairman and CEO of HIVE, said:


“We are excited about this strategic partnership with DeFi Technologies and see strong synergies between the two companies. As HIVE is the only publicly traded company mining Ethereum on an industrial scale, we see opportunities in the work that DeFi Technologies is doing around Miner Extractable Value and the potential ensuing benefits to HIVE.”


Hut 8 Mining Corp. (TSX:HUT) has reported its financial results for the year ended December 31, 2020. Highlights include a total revenue of $40.7 million, down from $82 million in 2019, but a working capital amount of $75.7 million, which represents an increase of 246 percent over the prior year. The company also reports a bitcoin (BTC) balance of 3,233 at present, which is a 17 percent increase from the balance on December 31, 2020. Hut 8 CEO Jaime Leverton said:


"The global strength of our Company and mining operations has enabled us to hold the highest amount of self-mined bitcoin on balance sheet of any publicly traded company in the world despite a difficult year for bitcoin miners across the industry. Now, with a new leadership team, increased revenue diversification and one of the largest amounts of installed capacity actively mining during this current period of highly profitable mining economics, I am incredibly optimistic about Hut 8's prospects for the future."


Bitfarms Ltd. (TSXV:BITF) has also reported its financial results for both the fourth quarter and year ended 2020. Highlights include $34.7 million in revenue for the year, gross mining profit of $13.8 million for the year, and the mining of 3,014 Bitcoin for the year. Bitfarms CEO Emiliano Grodzki said:


“With the addition of 218PH/s to our mining pool and the increase in Bitcoin price in the fourth quarter of 2020, we ended the year on a very positive note, providing us great momentum going forward. Thus far in 2021, we have raised CAD$80 million in equity, repaid our term debt in full, added miners to our pool to reach 1.2PH/s in computing power and placed orders for 48,000 miners for delivery in 2022, with our supplier of choice, MicroBT, all in line with our growth plans for 2021 and beyond. With Bitcoin prices recently surpassing $60,000 and with over 500 Bitcoin in inventory by the end of the quarter, our financial position has never been stronger, and we are very excited about our prospects for the future.”


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.

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 ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.


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 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


Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android 


Join our Investor Club https://www.investorideas.com/membership/


Contact Investorideas.com




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