#CryptoCorner #Podcast 664: #Stocks discussed: (NasdaqGM: $CAN) (TSXV: $BNXA.v) (TSXV: $CSTR.V)



#CryptoCorner #Podcast 664: #Stocks discussed: (NasdaqGM: $CAN) (TSXV: $BNXA.v) (TSXV: $CSTR.V)


Canaan Secures Purchase Order from Genesis Digital Assets, Banxa Holdings Announces New Product Upgrades, and CryptoStar Executes Equipment Hosting Agreement


Point Roberts, WA, Delta BC August 31, 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.


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Stocks discussed: (NasdaqGM:CAN) (TSXV:BNXA) (TSXV:CSTR)


Canaan Inc. (NasdaqGM:CAN) has secured a purchase order from Genesis Digital Assets Limited for 20,000 of its Bitcoin (BTC) mining machines, with an option for the latter to purchase up to 180,000 additional mining machines. Nangeng Zhang, Chairman and CEO of Canaan, said:


"Since we entered the long-term partnership with Genesis Digital Assets earlier this year, both parties have reached several great deals. This order with an option of future large purchases further solidifies our collaborations and reflects both parties' confidence in the prospects of the cryptocurrency mining industry. All these mutually beneficial deals demonstrate the quality of our products and our endeavors to deliver for clients, despite the overall challenging supply chain conditions. We remain diligent in helping miner clients expand their computing power while generating value for our shareholders."


Banxa Holdings Inc. (TSXV:BNXA) has announced new product upgrades, including new coins and payment methods, “to help customers and partners access cryptocurrency simply and efficiently.” The company added 17 new coins throughout August, giving end users of Banxa's partners access to new digital services such as Decentralised Finance (DeFi), and launched a new Order Management screen. Banxa’s CEO, Holger Arians, said:


"Banxa's mission is to bring fair and equal access to digital assets to everyone, regardless of geography. To do that we are working hard to add more local payment methods while at the same time improving the buying experience of our customers, and conversion rates for our partners."


CryptoStar Corp. (TSXV:CSTR) has executed an equipment hosting agreement, with “a U.S. based company,” for 5 MW of mining capacity to be deployed in Alberta, Canada. Highlights of the agreement include annual hosting and power revenues of up to $2.6 million USD, and an option to renew for an additional 12-month term, after the initial 12-month term expires. CryptoStar’s President and CEO, David Jellins, said:


"We are delighted that the Alberta Customer has selected CryptoStar as its hosting provider. We are looking forward to providing hosting services to the Alberta Customer and we anticipate that this will be the beginning of a long term and mutually beneficial relationship."


Sam Mowers, Investorideas


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