#CryptoCorner #Podcast 600: #Stocks discussed: (TSXV: $HIVE.V) (TSX: $HUT.TO) (CSE: $TAAL.C) (NasdaqGS: $EBON) (TSXV: $BITF.V)
#CryptoCorner #Podcast 600: #Stocks
discussed: (TSXV: $HIVE.V) (TSX: $HUT.TO) (CSE: $TAAL.C) (NasdaqGS: $EBON)
(TSXV: $BITF.V)
HIVE
Confirmed for Additional Green Energy for Sweden Data Centre, Hut 8 Forms
Hosting Partnership with TAAL, Ebang Issues Statement on Impact of Chinese
Mining Ban, and Bitfarms Mines 1000th BTC
Point Roberts, WA, Delta BC May 28, 2021
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Stocks discussed: (TSXV:HIVE)
(TSX:HUT) (CSE:TAAL) (NasdaqGS:EBON) (TSXV:BITF)
HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has received confirmation for an additional
guaranteed 10 MW of green energy electricity for its GPU data centre in Sweden,
increasing the capacity of the facility by over 50 percent from 21 MW to 33 MW.
The company’s Chairman, Frank Holmes, also commented on the Bitcoin Mining
Council meeting with Michael Saylor and Elon Musk:
"The
meeting was productive and the bottom line is we agreed to establish a Bitcoin
Mining Council to promote education, transparency on sources of energy and
accountability for sustainable mining. Further this new organization will
strive to standardize energy reporting and set a high bar for ESG standards of
care. We believe there is a major macro shift happening and crypto mining is
shifting to North America and Europe where executives are more serious and
responsible about lowering their carbon footprint. I was proud that not only
were we the first public crypto mining company in 2017 but that we have always
had an ESG strategy and a focus on only mining with green energy. Finally I was
pleased to see other CEO's agree to our goals and would like to thank Michael
Saylor for his stewardship and Elon Musk for his ideas and candor."
Hut 8 Mining Corp. (TSX:HUT) has formed a hosting partnership with TAAL
Distributed Information Technologies Inc. (CSE:TAAL) wherein it will “provide
physical hosting and optimization services and access to competitive electrical
power for 960 newly-purchased digital hashing computers owned by TAAL.” The CEO
of Hut 8, Jaime Leverton, said:
"Strengthening
our existing hosting services line of business with strategic partners is a
growth focus for the Company as we continue to see more institutional players
expand their investments in digital asset mining. We strive to offer our
partners a best-in-class North American-based option for their hosting
needs."
Ebang International Holdings Inc. (NasdaqGS:EBON) today issued a statement on the changes to the
regulatory landscape in China and how it pertains to the company. With regard
to its mining business, Ebang stressed that it “only considered overseas mining
farms, therefore the recent crackdown on bitcoin mining within China has no
direct or immediate impact on the company.” Regarding its Mining machine
custody business, Ebang stated: “We will
activate our mining machine custody business as soon as our overseas mining
farms finish construction.”
Bitfarms Ltd. (TSXV:BITF) has reported that it “has mined and deposited,
in custody, 1,006 Bitcoin, currently valued at approximately US$39 million, or
approximately 5.5% of the Company’s market capitalization as of the close of
trading yesterday, May 27, 2021.” CEO Emiliano Grodzki commented:
“Since
inception, we have worked at building a world-class and vertically-integrated
mining company achieving high levels of efficiency. This year Bitfarms is
experiencing our fastest rate of growth ever. We expect to more than double our
installed hydropower infrastructure in Québec, triple our operational hashrate
in 2021 and be trading on both the TSX Venture Exchange and Nasdaq soon.”
Sam
Mowers, Investorideas
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