Crypto Corner Podcast 620: Stocks discussed: (NasdaqGS: $HUT) (CSE:$BIGG.C) (ZIGN:ST) (NasdaqGS: $FTFT)
Crypto Corner Podcast 620: Stocks
discussed: (NasdaqGS: $HUT) (CSE:$BIGG.C) (ZIGN:ST) (NasdaqGS: $FTFT)
Hut 8 Provides Corporate Update, BIG
Partners with ZignSec, and Future FinTech Registers Subsidiary for Dubai
Point Roberts, WA, Delta BC June 28, 2021
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Stocks discussed: (NasdaqGS:HUT)
(CSE:BIGG) (ZIGN:ST) (NasdaqGS:FTFT)
Hut 8 Mining Corp. (NasdaqGS:HUT) has provided a corporate update, indicating
plans for investments and installed hashrate. With regard to the latter, Hut 8
“anticipates expansion of current installed hashrate of approximately 1.2
Exahash (EH) to approximately 2.5 – 3.0 EH by the end of 2021 and to
approximately 6 EH by mid-2022.” CEO Jaime Leverton said:
"Our
capital raise and concurrent listing on Nasdaq, completed on June 15, 2021,
were transformative milestones for Hut 8. The strength of our balance sheet and
our conservative approach to capital management has set the stage for our
ongoing success and ability to drive long-term shareholder value. We now have
1.2 Exahash in production and ongoing installation of new equipment puts us on
a near-term trajectory to produce an additional 2 – 3 Bitcoin per day by the
end of August, on top of our current production rate of 6.2 – 7.3 Bitcoin per
day."
Blockchain Intelligence Group (BIG), a
subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has partnered with RegTech ecosystem ZignSec (ZIGN.ST). This will see BIG integrate
BitRank Verified into ZignSec’s compliance marketplace, allowing customers to
use “crypto investigation tools and wallet tracking services offered by BIG,
helping simplify and streamline compliance with local Know Your Business (KYB)
and Know Your Customer (KYC) regulations.” Lance Morginn, President, BIG,
explained:
“The
global financial market is embracing cryptocurrency and requires a
comprehensive solution to stay compliant in the eyes of regulators around the
world. BIG and ZignSec are fully transparent, listed companies well-positioned
to be the ultimate trustworthy providers of cutting-edge cryptocurrency and
compliance solutions. Partnering with ZignSec supports our mission to bring
cryptocurrency to the mainstream while creating peace-of-mind in a highly
regulated industry.”
Blockchain-based e-commerce business and
fintech service provider Future FinTech Group Inc. (NasdaqGS:FTFT) has registered a new subsidiary, FTFT Capital
Investments LLC, to do business in Dubai, United Arab Emirates. Future FinTech
had previously signed a Strategic Cooperation Agreement with major shareholders
of digital currency market information and data service platform Shenzhen SOSOB
Technology Co., Ltd. to incorporate a joint venture in Dubai. Shanchun Huang,
CEO of Future Fintech, said:
"Building
a financial services platform based on blockchain technology is a key
development plan for our company. We believe that the establishment of FTFT
Capital Investments LLC in Dubai will be a landmark event in the field of
innovative financial services. Utilizing the expertise, technology and user
base of Shenzhen SOSOB Technology Co., Ltd., the leading firm in the digital
currency trading service sector, our goal is to become one of the world's most
active and influential digital currency and crypto asset trading and management
services provider."
Sam
Mowers, Investorideas
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