#CryptoCorner #Podcast 561: #Stocks discussed: (NYSE: $GS) (NasdaqGS: $RIOT) (NasdaqGS: $BTBT) (CSE: $LNK.C)
#CryptoCorner #Podcast 561: #Stocks
discussed: (NYSE: $GS) (NasdaqGS: $RIOT) (NasdaqGS: $BTBT) (CSE: $LNK.C)
Goldman
Sachs Close to Offering #Crypto Investment for Wealth Management Clients, Riot #Blockchain
Reports 2020 Financials, Bit Digital Reports 2020 Financial Highlights, and
Link Global Updates on Profit-Share Mining Partnership
Point Roberts, WA, Delta BC April 1, 2021
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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: (NYSE:GS)
(NasdaqGS:RIOT) (NasdaqGS:BTBT) (CSE:LNK)
CNBC reports that Goldman Sachs (NYSE:GS) is “close to offering its first
investment vehicles for bitcoin [BTC] and other digital assets to clients of
its private wealth management group.” The company’s global head of digital
assets for its private wealth management division, Mary Rich, confirmed that
Goldman plans to start offering these investments in the second quarter.
According to Rich, “Goldman is looking at ultimately offering a “full spectrum”
of investments in bitcoin and digital assets, “whether that’s through the
physical bitcoin, derivatives or traditional investment vehicles.””
Riot
Blockchain, Inc. (NasdaqGS:RIOT) has reported its financial highlights and results
for the fourth quarter and full year ended December 31, 2020. Highlights
include a 116 percent increase in fourth-quarter mining revenues, as well as an
increase of 110 percent of Bitcoin held on balance sheet on a year-over-year
basis. Jason Les, Riot’s CEO, commented:
“2020 was a transformative year for
Riot and we believe that the Company’s prospects have never been brighter. Our
strategic decision to solely focus on bitcoin mining in early 2020 allowed the
Company to exit 2020 as a public company leader as measured by total hash rate.
We are pleased to have invested into continuing our deployed hash rate growth,
allowing us to capitalize on the extraordinary current opportunities in bitcoin
mining. In 2021, we are amplifying our focus on initiatives that will drive
further growth for Riot, including increasing the US-based share of the bitcoin
mining landscape.”
Bit
Digital, Inc. (NasdaqGS:BTBT) has announced its 2020 financial highlights, which
include: a bitcoin mining revenue of $21.07 million, the earning of 1,510.20
bitcoins from the firm’s bitcoin mining business, and a net income from
continuing operations of $1.92 million. Bit Digital's CFO, Erke Huang, said:
"2020 was an extraordinary year,
as Bit Digital successfully entered and rapidly scaled its bitcoin mining
business, and today enjoys one of the highest operating hash rates of any U.S.
listed bitcoin mining company at 2,253.5 Petahash.”
Link
Global Technologies Inc. (CSE:LNK) has provided an update on its profit-share Bitcoin
mining operations, indicating that the arrival and installation of 1,515
Bitcoin mining rigs under a profit-share mining partnership with Bit Digital
Inc. are underway “and will be fully operational on or around April 5, 2021.”
Link’s President and CEO, Stephen Jenkins, said:
"We have worked diligently
towards the delivery, testing, installation, and operation of these machines.
We are eager to take advantage of the all-time high BTC price we are currently
experiencing. We look forward to providing more updates as we continue to
strategically add more hash rate."
Sam
Mowers, Investorideas
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