#CryptoCorner #Podcast 641: #Stocks discussed: (TSXV: $BNXA.V) (TSXV: $DMGI.V) (TSXV: $NDA.V)
#CryptoCorner #Podcast 641: #Stocks
discussed: (TSXV: $BNXA.V) (TSXV: $DMGI.V) (TSXV: $NDA.V)
Banxa
Holdings Announces New Partnerships, DMG Engaged by New Client to Host 2,000
Miners, and Neptune Digital Assets Releases Update on Financial Position
Point Roberts, WA, Delta BC July 28, 2021
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Stocks discussed: (TSXV:BNXA)
(TSXV:DMGI) (TSXV:NDA)
Banxa Holdings Inc. (TSXV:BNXA) has announced a range of new partnerships,
including leading blockchain assets service platform Hoo.com, and exchanges
Gate.io and LBank. Banxa’s CEO, Holger Arians, said:
"We
are proud to add these great platforms to the Banxa network, Gate.io, Hoo.com,
and LBank are all exceptional companies and share our vision of bringing
digital assets to the widest possible audience. We are focused on providing the
highest conversion rates to our partners, and the best service to end-users. By
partnering with Gate.io, Hoo, and LBank we can help give their customers access
to the largest number of payment rails and the most robust compliance systems
in the cryptocurrency market."
DMG Blockchain Solutions Inc. (TSXV:DMGI) has been engaged by a new client to host 2,000
Bitcoin miners. Installation of all the miners is planned in the coming weeks,
at DMG’s 85 megawatt (MW) Data Centre at Christina Lake, BC. Sheldon Bennett,
DMG’s CEO, explained:
“This
hosting agreement, in combination with DMG’s recent purchase of 2,450 Bitcoin
ASIC miners from this hosting client, is essential to executing DMG’s Core
Infrastructure strategy. DMG is continuing to develop its relationships with
long-term hosting clients through not only hosting equipment, but also looking
for ways to work together on larger future DMG growth projects to conserve our
capital and decrease deployment time by having ready clients able to deploy
capital quickly on our projects.”
Neptune Digital Assets Corp. (TSXV:NDA) has released an update on its current
financial position ahead of filing its Q3 consolidated interim financial
statements for the nine-month period ended May 31, 2021. The company’s total
assets were $47.5 million as of May 31, 2021 – up 1,250 percent from the
beginning of the year, and it is currently earning $480,000 per month. Neptune
Digital’s CEO Cale Moodie said:
"We
are quite pleased with our revenue growth over the period and subsequent to
period end. Neptune continues to operate on a very lean cash budget and
earnings continue to grow as we expand our mining operations. We were very
fortunate to be able to take advantage of the substantial market pullback with
our newly raised capital to purchase mining rigs and crypto at a 50% discount
from the top of the market.”
Sam
Mowers, Investorideas
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