#CryptoCorner #Podcast 577: #Stocks discussed: (NYSE: $JPM) (NasdaqGS: $OSTK) (TSXV: $BITF.V) (TSXV: $DMGI.V)

 



 

 

#CryptoCorner #Podcast 577: #Stocks discussed: (NYSE: $JPM) (NasdaqGS: $OSTK) (TSXV: $BITF.V) (TSXV: $DMGI.V)

 

#Bitcoin Rebounds After Weekend Slump, JPMorgan to Open Bitcoin Fund, Overstock Closes #Blockchain Fund Transaction with Pelion, Bitfarms Gives Quebec Expansion Update, and DMG Buys Another 1,800 Miners

 

Point Roberts, WA, Delta BC April 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.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/042621-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/04261JPM-OSTK-BITF-DMGI.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NYSE:JPM) (NasdaqGS:OSTK) (TSXV:BITF) (TSXV:DMGI)

 

After reaching a low of roughly $47,150 on Sunday, Bitcoin (BTC) has rallied nearly 8 percent in the past 24 hours and is now trading for about $53,600, according to data from CoinMarketCap. The crypto market is looking quite green today more broadly, with major altcoins Ether (ETH) and XRP up about 7.5 percent and 14.75 percent, respectively.

 

CoinDesk reports that JPMorgan Chase (NYSE:JPM) “is preparing to offer an actively managed bitcoin fund to certain clients,” “as soon as this summer.” Sources familiar with the matter told CoinDesk that institutional bitcoin shop NYDIG will act as JPMorgan’s custody provider, and that fund will be actively managed.

 

Overstock.com (NasdaqGS:OSTK) has closed its blockchain fund transaction with third-party venture capital firm Pelion Venture Partners. This has converted Medici Ventures, Overstock’s wholly owned blockchain-focused subsidiary, into a limited partnership to be managed by Pelion. Overstock CEO Jonathan Johnson commented:

 

“We remain bullish on blockchain technology and are excited for Medici Ventures to enter this new post-closing phase. Pelion has spent the last three months getting to know these portfolio companies better. I expect Pelion, which will oversee the portfolio and make follow-on investment decisions, will take these companies to the next level and help guide them to economic success.”

 

Bitfarms Ltd. (TSXV:BITF) has provided an update regarding its expansion plans in the Canadian province of Québec. This consists of the renovation of the company’s Cowansville site, which will involve upping the installed power at the site from 4 MW to 17 MW. Bitfarms also “recently ordered materials, transformers, and electrical equipment to develop a further 66 MW of power capacity in Québec during the remainder of 2021 for a new mining site in Sherbrooke.” According to the press release, “the new infrastructure will be able to support approximately 21,000 new generation miners capable of adding approximately 2.1 EH/s of new production.”

 

DMG Blockchain Solutions Inc. (TSXV:DMGI) has purchased an additional 1,800 bitcoin ASIC miners, adding about 180 PH/s, and thereby increasing the company’s total hashrate to more than 680 PH/s. Sheldon Bennett, DMG’s CEO, said:

 

“As described during the Company’s April 22, 2021 conference call, DMG continues to focus its Core+ strategy by increasing the procurement of newest generation equipment. Along with its Core strategy, DMG will work to transition these miners to immersion cooling to gain further efficiencies in power consumption and increased overall hashrate. With the addition of these miners, along with our commitment to our Core+ strategy of investing and growing the Blockseer platforms, DMG continues to execute on its vertical integration.”

 

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

800-665-0411

 

 



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

 

Comments