#CryptoCorner #Podcast 629: #Stocks discussed: (NasdaqGS: $HVBT) (OTC: $NCTY) (CSE: $DIGI.C)
#CryptoCorner #Podcast 629: #Stocks
discussed: (NasdaqGS: $HVBT) (OTC: $NCTY) (CSE: $DIGI.C)
HIVE
Purchases 3,019 Miners, The9 Signs #Crypto Mining Hosting Agreement with
BitRiver, and DigiMax Posts Q2 Corporate Review and Q3 Outlook
Point Roberts, WA, Delta BC July 12, 2021 - Investorideas.com, a leader in crypto and
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Stocks discussed: (NasdaqGS:HVBT)
(OTC:NCTY) (CSE:DIGI)
HIVE Blockchain Technologies Ltd. (NasdaqGS:HVBT) has announced the purchase and immediate
hashing of 3,019 MicroBT WhatsMiner M30S dedicated miners. The miners boast an
aggregate hash power of 264 Petahash per second (PH/s), “and will increase
HIVE's overall Bitcoin operating hashrate by approximately 46%,” according to
the press release. This comes as part of a partnership with Foundry Digital
LLC, a wholly-owned subsidiary of the Digital Currency Group (DCG) focussed on
digital assets' mining and staking, that will also see HIVE “contribute its
Bitcoin hashpower to Foundry USA Pool going forward.” Frank Holmes, Executive
Chairman of HIVE, commented:
"We
are pleased to be executing on a transaction that dramatically increases our
mining capacity without any logistics delays. Our entry into a North American
mining pool furthers our goal of increased transparency and accountability with
our partners. Mining power is shifting from east to West, and we're excited to
be involved."
The9 Limited (OTC:NCTY) has signed a cryptocurrency mining hosting
agreement with Russian company BitRiver through its wholly-owned subsidiary
NBTC Limited. With an initial term of two years, the agreement will see
BitRiver “reserve 15MW of electric capacity for The9's Bitcoin mining machine
deployment.” An excerpt from the press release reads:
BitRiver
currently utilizes surplus hydroelectric power to operate data centers through
low cost and sustainable energy that offers hosting services for cryptocurrency
mining in Russia and the other regions. At present, the targeted data-center
for The9's mining machines has an initial total power supply capacity of 100MW
which could host more than 33,000 mining machines.
DigiMax Global Inc. (CSE:DIGI) has posted a corporate review for Q2 and an
outlook for Q3. The company claims to have “emerged from Q2 of 2021 stronger
than ever and is now gaining solid traction in all of the projects it has
entered into,” and expects to add two new revenue sources before the end of the
quarter. This includes “the commencement of the Crypto Fund and the announcement
of a new, non-crypto investor prediction product that utilizes similar AI
technology to predict price movements.”
Sam Mowers, Investorideas
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