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Tuesday, May 4, 2021

#CryptoCorner #Podcast 583: #Stocks discussed: (NasdaqGS: $MARA) (OTC: $ARBKF)

 


 


#CryptoCorner #Podcast 583: #Stocks discussed: (NasdaqGS: $MARA) (OTC: $ARBKF)

 

Ethereum Again Hits New ATH and Overtakes BTC in Options Volume, DOGE Hits ATH Following New Listings, Marathon Digital Publishes Updates, and Argo Posts Record Revenue for April

 

Point Roberts, WA, Delta BC May 4, 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/2021/050421-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/05041MARA-ARBKF.asp

 

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Stocks discussed: (NasdaqGS:MARA) (OTC:ARBKF)

 

At the time of yesterday’s Crypto Corner, Ether (ETH) was trading for roughly $3,140, having peaked at $3,200 earlier in the day. It has kept the same momentum and is up roughly 10 percent in the last 24 hours, and trading for $3,460, according to data from CoinMarketCap. Just a bit earlier today, Ether peaked at about $3,490, which is of course a new all-time high trading price. An article from CoinDesk reports that, as a consequence of Ether’s rally:

 

…four larger exchanges offering ETH options – Deribit, OKEx, Huobi, and bit.com – registered a combined trading volume high of $1.32 billion, surpassing bitcoin’s tally for the first time on record. Bitcoin’s options market traded contracts worth $879 million on the same day, according to data source Skew.

 

Bitcoin (BTC) itself is actually down about 4.5 percent in the last day, and is trading for about $54,830 at press time.

 

And like Ether, Dogecoin (DOGE) – currently the fourth-largest crypto by market cap – also broke its all-time high today, making it to $0.60. This follows its being listed on trading platform eToro yesterday, and Gemini today.

 

Marathon Digital Holdings, Inc. (NasdaqGS:MARA) has published its unaudited bitcoin production and miner installation updates for the month of April 2021. Highlights include the production of 162.1 newly-minted bitcoins during the month, which increased the company’s total bitcoin holdings to approximately 5,292 with a fair market value of approximately $305.2 million. Also reported is an “increased active mining fleet to approximately 12,084 miners, generating approximately 1.29 EH/s.” Marathon CEO Fred Thiel commented:

 

“April was an incredibly productive month as we brought 5,288 new miners online and increased our active mining fleet’s hashrate approximately 82% in just 30 days. As a result, by the end of April, we were producing nearly 7 bitcoins per day, up from 3.2 bitcoins per day at the end of March. New miners continue to be delivered and installed on a daily basis, and as they come online, these production figures will continue to improve as our business scales into one of the largest enterprise Bitcoin mining operations in North America.”

 

Argo Blockchain (OTC:ARBKF) announced record mining revenue for April 2021, having mined 163 Bitcoin or Bitcoin Equivalent for the month, and making $9.3 million. The company’s CEO Peter Wall said:

 

"I’m thrilled that Argo has generated a fourth consecutive month of record mining revenue and profits. I’m also pleased to have engaged Navier in the development of our Texas facility, a partnership that will enable us to expand our mining infrastructure significantly and efficiently. I am also delighted to have announced the second year of triple digit growth in our 2020 full year results. Our team has laid an excellent foundation for 2021 and our strong performance in Q1 of this year highlights we are executing it in line with expectations."

 

Sam Mowers, Investorideas

 

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