#CryptoCorner #Podcast 557: #Stocks discussed: (OTC: $ARBKF) (TSXV: $DMGI.V) (TSX: $HUT.V) (NasdaqGS: $NVDA) (CSE: $NC.C)
#CryptoCorner #Podcast 557: #Stocks
discussed: (OTC: $ARBKF) (TSXV: $DMGI.V) (TSX: $HUT.V) (NasdaqGS: $NVDA) (CSE:
$NC.C)
Argo and DMG Launch #Bitcoin Mining
Pool, Hut 8 Buys $30M in NVIDIA CMPs, and NetCents Reports Surge in Sign-ups
Point Roberts, WA, Delta BC March 26,
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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Crypto Corner Episode 557: Argo and
DMG Launch Bitcoin Mining Pool, Hut 8 Buys $30M in NVIDIA CMPs, and NetCents
Reports Surge in Sign-ups
Stocks discussed: (OTC:ARBKF)
(TSXV:DMGI) (TSX:HUT) (NasdaqGS:NVDA) (CSE:NC)
Argo
Blockchain (OTC:ARBKF) has entered into a Memorandum of Understanding
(MoU) with DMG Blockchain Solutions Inc. (TSXV:DMGI) to launch Terra Pool, described as
“the world’s first Bitcoin mining pool powered by clean energy.” An excerpt
from the press release reads:
Terra Pool will provide both a strong
incentive and accessible platform for cryptocurrency miners to produce Bitcoin
in a sustainable and climate-conscious way with the goal of significantly
reducing greenhouse gas emissions over the next decade. In the near-term, Terra
Pool will work with like-minded Bitcoin miners to expedite the shift from
conventional power to clean energy.
Hut
8 Mining Corp. (TSX:HUT) has purchased $30 million of CMPs (Cryptocurrency
Mining Processors) from NVIDIA Corporation (NasdaqGS:NVDA), a move expected to increase
Hut 8’s aggregate operating rate by approximately 1600 Gigahash. Jaime Leverton,
CEO of Hut 8, explained:
"The adoption and the development
of applications interacting with various blockchain networks have never been
stronger, opening many possibilities across a variety of industries. We are
incredibly excited to have these high performance CMPs in our fleet. We believe
mining with CMPs will open up new opportunities for Hut 8 and will allow us to
continue to execute on our long- and short-term plans for increased and
diversified revenue streams."
NetCents
Technology Inc. (CSE:NC) has reported a surge in new partner sign-ups and
leads in the last 60 days. Specifically, the company has received an average of
10-15 new partner leads weekly over the past 60 days with a close rate of 30
percent over that period, increasing to 40 percent over the month of March. In
response, NetCents is “in the process of tripling the size of its partner sales
and account management team.” Patrick Albright, Senior Vice President Strategic
Development at NetCents, said:
"In my three decades in the
payments industry, I have never seen such huge demand for a product. Cryptocurrency,
and the processing of payments in those currencies, is no longer something that
is something for the future. It is now necessary to have the ability to handle
consumers' increased demand for cryptocurrency transactions. North American
partners and merchants are now seeing what the rest of the world has already
been witnessing. Crypto payments are here to stay and will become an increasing
part of a successful payment strategy."
Sam
Mowers, Investorideas
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