Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Wednesday, August 4, 2021

#CryptoCorner #Podcast 646: #Stocks discussed: (NasdaqGS: $HUT) (CSE: $BIGG.C) (NasdaqCM: $NCTY)

 



 

#CryptoCorner #Podcast 646: #Stocks discussed: (NasdaqGS: $HUT) (CSE: $BIGG.C) (NasdaqCM: $NCTY)

 

Hut 8 Provides Mining Production Update for July, BIGG Makes $200K Strategic Investment in ZenLedger, and The9 Subsidiary NBTC to Establish JV with KazDigital

 

Point Roberts, WA, Delta BC August 4, 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/2021/080421-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/08041HUT-BIGG-NCTY.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:HUT) (CSE:BIGG) (NasdaqCM:NCTY)

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has shared a corporate update including highlights of its mining production for the month of July 2021. According to the release, the company saw ​​300 Bitcoin (BTC) mined, making for an average production of 9.7 Bitcoin per day, and received and installed 920 net new machines, adding 73 PH/s to its production rate. Jaime Leverton, CEO of Hut 8, explained:

 

"Since our IPO in early 2018, Hut 8 has been a significant producer of Bitcoin in North America. With the recent ban on Bitcoin mining in China, Hut 8 has nearly doubled its market share and is currently producing approximately 10 Bitcoin per day. Reports suggest that the exodus of miners from China may take an extended period to resolve and global network hash rate could remain depressed well into 2022. With 109 MW of installed power in Alberta, and with a third site being stood up in the fourth quarter of 2021, Hut 8 is well positioned to take advantage of favorable Bitcoin mining economics expected to continue into 2022."

 

BIGG Digital Assets Inc. (CSE:BIGG) has announced a strategic investment of $200,0000 in crypto tax software startup ZenLedger. According to the press release, “ZenLedger aggregates user transaction information across thousands of exchanges, wallets, and tokens into one simple dashboard, making it easy to calculate tax liability and make financial decisions.” Mark Binns, CEO of BIGG, said:

 

“As part of a compliant and regulated future for crypto, where adoption goes mainstream, tax calculation and reporting will continue to become even more essential in the crypto ecosystem. Our investment in ZenLedger, joined by an elite set of crypto investors, shows our support for an established group of entrepreneurs and our commitment to continued leadership in the cryptocurrency sector.”

 

NBTC Limited, a wholly-owned subsidiary of The9 Limited (NasdaqCM:NCTY), has signed a non-binding term sheet on the establishment of a joint venture with Kazakhstan crypto mining company KazDigital Ltd, to build a cryptocurrency mining site with a capacity of 100MW. Cai Zhifang, CEO of NBTC Limited, explained:

 

"We believe that we should capture the current unique opportunity of the rapidly changing cryptocurrency mining environment and should accelerate the deployment of our mining machines. In the near future, we will continue to actively seek for low-cost electricity and sustainable energy mining facilities in different regions of the world to accelerate the deployment of large-scale cryptocurrency mining machines for ourselves and other partners by both self-construction of mining facilities and hosting cooperation with mining facilities companies.”

 

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

No comments:

Post a Comment

Crypto Mining Stocks Are on the Recovery Path as Major Players Record Upto 130% Recovery in the Last Month

Crypto Mining Stocks Are on the Recovery Path as Major Players Record Upto 130% Recovery in the Last Month