#CryptoCorner #Podcast 679: #Stocks discussed: (TSX: $GLXY.TO) (NYSE: $IVZ) (OTC: $MIGI) (NYSE: $BTCM)
#CryptoCorner #Podcast 679: #Stocks
discussed: (TSX: $GLXY.TO) (NYSE: $IVZ) (OTC: $MIGI) (NYSE: $BTCM)
Galaxy
Digital Partners with Invesco for Digital Asset ETFs, Mawson Leases New Site in
Pennsylvania, and BIT Mining Invests in Crypto Mining Site in Ohio
Point Roberts, WA, Delta BC September 22,
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: (TSX::GLXY)
(NYSE:IVZ) (OTC:MIGI) (NYSE:BTCM)
Galaxy Digital Holdings Ltd. (TSX:GLXY) has announced a strategic partnership with
global asset management firm Invesco Ltd. (NYSE:IVZ) to develop a comprehensive suite
of U.S.-listed, physically backed, digital asset exchange traded funds (ETFs).
John Hoffman, Head of Americas, ETFs & Indexed Strategies at Invesco, said:
"Invesco
has a long history of using ETFs to democratize investor access to disruptive,
innovative asset classes. Now, through our partnership with market leader
Galaxy Digital, we are able to incorporate their expertise of blockchain
technology, digital assets and cryptocurrency into our product capabilities.
This combination of complementary strengths will help clients safely and
prudently navigate this exciting new asset class to help meet their desired
investment outcomes."
Mawson Infrastructure Group, Inc. (OTC:MIGI) has executed a three-year lease with Jewel
Acquisition LLC for use of a small portion of the latter’s site and its
associated power infrastructure in Midland, Pennsylvania, including renewal
options for up to a total of 15 years. According to the press release, Mawson
intends to deploy its Modular Data Centre (MDC) bitcoin mining solution to the
site, which boasts a 50 MW capacity. James Manning, CEO and Founder of Mawson,
commented:
We
are very happy to have secured another large site in a market environment where
large scale power infrastructure is becoming scarce. This opportunity brings a
substantial already-installed power infrastructure, reducing our cost per MW
and maximizing our speed to deploy. This site, combined with our flagship
Georgia site, underpins our target of securing 5000 PH by early 2023."
BIT Mining Ltd. (NYSE:BTCM) has entered into a Membership Interest
Purchase Agreement with Viking Data Centers, LLC to “jointly invest in the
development of a cryptocurrency mining data center space in Ohio” with access
to power capacity of up to 85 MW. The development of this site is anticipated
to be fully complete in February 2022.
Sam
Mowers, Investorideas
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