#CryptoCorner #Podcast 631: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqGS: $EQOS) (TSXV: $BNXA.V) (TSXV: $DMGI.V)
#CryptoCorner
#Podcast 631: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqGS: $EQOS) (TSXV: $BNXA.V)
(TSXV: $DMGI.V)
Bitfarms Gives Bitcoin Production
Update, EQONEX Provides Q1 Business Updates, Banxa Holdings Announces TTV for
Financial Year, and DMG Purchases 2,450 Miners
Point Roberts, WA, Delta BC July 14, 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/2021/071421-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2021/crypto-corner/07141BITF-EQOS-BNXA-DMGI.asp
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (NasdaqGM:BITF)
(NasdaqGS:EQOS) (TSXV:BNXA) (TSXV:DMGI)
Bitfarms Ltd. (NasdaqGM:BITF) has announced a Bitcoin (BTC) production update. Using green
electricity, the company mined 1,357 Bitcoin in the first six months of 2021,
which according to the press release is “the largest number of Bitcoin mined in
North America.” The firm’s founder and CEO, Emiliano Grodzki, explained:
“For
the last 18 months, Bitfarms has been one of the largest publicly traded
producers of Bitcoin and one of the only companies doing so with greater than
99% green hydroelectricity. With the recent ban on Bitcoin mining in China,
Bitfarms has nearly doubled its market share and is currently producing
approximately 13 Bitcoin per day. Reports indicate that the ban on crypto
mining in China and the exodus of mining rigs seeking new hosting may take an
extended period of time to resolve. Bitfarms is well positioned to take
advantage of the significantly improved economic opportunity. With mining
difficulty expected to be reduced even further, and as we continue to receive
and install new miners, we believe that Bitfarms’ market share and our share of
block rewards should continue to increase.”
EQONEX Group (NasdaqGS:EQOS), formerly Diginex Limited, has provided business updates for its first
quarter ended June 30, 2021 of fiscal 2022. Highlights include revenue of $2.5
million, an 8x increase over the previous year’s Q1 revenue of $0.3 million.
The company’s EQONEX Exchange saw average daily volumes of $176.9 million, up
from $15.9 million recorded in March 2021. EQONEX CEO Richard Byworth said:
"The
structural design of our ecosystem means market volatility is good for
business: directional moves matter less. While the remaining parts of our
business did not contribute materially to revenues yet, they are primed to do
so as the year continues. Volumes, assets and revenues are all increasing as traction
with our key targets of institutional clients grows. This fiscal year will no
doubt be yet another transformative year for the company, and we look forward
to delivering increasing value to our shareholders."
Banxa Holdings Inc. (TSXV:BNXA) has announced total transaction volume (TTV) of
$687 million AUD ($513m USD) for the financial year ending 30th June 2021. The
press release indicates that the company has also grown its team from 28 at the
start of the year, to 100 currently, and “maintains the belief that this is the
beginning of mass market adoption into cryptocurrencies and continues to carry
a long position in the sector as a whole.”
DMG Blockchain Solutions Inc. (TSXV:DMGI) has announced the purchase of 2,450 Bitcoin
ASIC miners from Bitmain. The addition of these miners, which are expected to
be installed byt the end of August this year, will add approximately 245
additional Petahash per second (PH/s) to the company's Bitcoin mining capacity.
DMG's CEO, Sheldon Bennett, said:
“DMG
is capitalizing on the declining mining equipment prices in Asia by spot
purchasing new-generation bitcoin mining equipment at an approximately 60%
lower price than just a month ago. While it was hard to resist purchasing
Bitcoin miners over the past few months during their all-time high cost, DMG
held strong knowing, from our past buying experiences, that, although the
hardware market remains extremely active, it is important to secure the
appropriate equipment at the right price to receive optimum value. We believe
this purchase, along with other purchases that DMG is currently negotiating,
will greatly improve our self-mining goals in the near term."
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
publishes breaking stock news, third party stock research, guest posts and
original articles and podcasts in leading stock sectors. Learn about investing in stocks and get
investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water,
renewable energy, gaming and more. Investor Idea’s original branded content
includes podcasts and columns : Crypto Corner , Play
by Play sports and stock
news , Investor Ideas Potcasts
Cannabis News and Stocks on the Move podcast ,
Cleantech
and Climate Change , Exploring
Mining , Betting
on Gaming Stocks Podcast and the AI
Eye
Podcast.
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
Post a Comment